Investment Property Directory
Residential Income Property (Single Family Rental)
Investment Prop. in Cleve, OH
XXXX Grantwood
Cleveland, Alabama 44108
3 br,
4+ ba,
Built 1954
List Price: $70,000
Status: Active
Posted August 25, 2008
448 listing views
Description:
This is a 5bdr/3ba single family, rehabbed less than one year age and has the following: new roof, new furnace, plumbing, paint, hot water tank, 2 car garage, new windows, existing tenant, $1,100 per month rental income, $28,000 in equity!
This property is a steal, all you do is buy, and you’re already making money instantly!
What property do you know of that comes with property management so that the investor is worry free. All the more reason to take advantage of the amazing opportunity!
Appraised value – $93K
Taxes 600/yr
Insurance 500/yr
Water & Sewer 800/yr
Total 1900/yr
Income: $1,100×12mos = $13,200/yr
Net Income = $13,200 – $1,900 = $11,300
Annual return: $11,300/65,000 = 17% return
MAKE AN OFFER$$
More great investment properties available
Email for more info on package deal!
Please Log in to View Complete Listing
Not A Member?
Join Today - Its Free!

