Turn Key Rental Available in Collingdale, PA

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Turn Key Rental Available in Collingdale, PA

Aaron Cunningham
Inspector · West Chester, PA · Member since 2022 · 4 posts · 0 votes

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12 Florence Ave, Collingdale, PA

https://www.zillow.com/homedetails/12-Florence-Ave-Collingda...

Completely rehabbed a year ago. We bought this property with intention to sell as a flip or turn key rental. Tenant is on a year lease at $1,500 a month.

Price: $146,900

Cash Flow: $435 - 12% CoC Return (25% down - 30 Year 8% APR)

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  • Account Closed
    CPA · NY · Member since 2023 · 891 posts · 157 votes
    2y

    This is a section 8 property? Does cash flow include property management fee?

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  • Aaron Cunningham
    OP
    Inspector · West Chester, PA · Member since 2022 · 4 posts · 0 votes
    2y

    Yes, Section 8, well qualified tenant who is a nurse.  The cash flow does not include a property management fee.

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  • Drew SygitBusiness Member
    Property Manager · Royal Oak, MI · Member since 2012 · 12k+ posts · 9k+ votes
    2y

    @Aaron Cunningham curious how a nurse with a job, qualifies for a S8 low-income voucher?

    [email protected]248-209-6824
    Logical Property Management4.9460 Reviews
    WebsiteView Page
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  • Aaron Cunningham
    OP
    Inspector · West Chester, PA · Member since 2022 · 4 posts · 0 votes
    2y

    I’m not sure either, but I screened the tenant before accepting the application and talked to the employer.  

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