PRICE Reduced! 17.67% Cash on Cash return, Cash flowing Section 8 rental 212 W 28th St Norfolk VA 23504
PRICED to SELL!
$318 Monthly Cash Flow - 17.76% Cash-on-Cash Return
These great returns INCLUDE Property Management Fees, Vacancy and Maintenance Reserves!
4 Bedroom, 1.5 Bath, Completely renovated Section 8 rental in Norfolk, VA - NEW Kitchen and Bathrooms, Flooring, Plumbing, Electrical, Hot Water Heater and Baseboard Heaters
Available with or without Section 8 renter
FINANCING AVAILABLE!
$124,900 purchase price
20% downpayment ($24,980) plus closing costs ($1249)
Financing $99,920, 30 year, 4.75% mortgage
Total Monthly expenses $730 ($521 monthly principal and interest payment, $109 monthly taxes, $100 monthly landlord insurance policy) plus OPTIONAL monthly fees and reserves (10% property management fee $133 month; 5% maintenance reserves $70, 5% vacancy rate $70)
Monthly Section 8 (Government Paid) Rent $1400