Great Return on rental property to rehab

[Nadia White]

Perfect 3 bedroom / 1 bath rental in the Van Heights neighborhood of Monroe, NC. This neighborhood is a strong rental area and we have already received calls to rent the house. 

Median Rental: $700/mo. (RentOMeter)
Comps: $50,000

This is an estate property and has been vacant approximately 3 years. The city of Monroe has boarded it for security. Photo shown is from tax assessors office from before boarding and used for evaluation.

Repairs Estimate: $15,000

HVAC, Siding Repair, Kitchen repair, Sheetrock & Ceiling repair, overall painting & appliance package.

This is a 'ball park' evaluation, for accurate estimates, please consult a licensed general contractor.

Pictures at: 

http://www.sellpoint.com/propertyDetails.aspx?caseId=5355932