Updated almost 9 years ago on . Most recent reply
SFR W/HIGH CASH FLOW (20.35% - 24.21%)! OUT OF STATE BUYER IS OK!
The cash on cash return doesn't get much better than this one! It's 20.35% at the low end and 24.21% at the high end. CCR depends on the rent. Your location doesn't matter. We'll do the quick rehab and also manage it for you. We have our own crew and will rehab the home, or you can rehab it with your crew. This home comes complete with a stainless steel refrigerator, stainless stove, stainless microwave, washer and a dryer. It has an attached garage and a fenced in yard. The taxes are only $926 a year! This property would rent anywhere from $1150 up to $1310. The $1310 is possible with a Section 8 tenant. The rehab costs are $15,000. The price for the property (ALL IN), is $47,900 and that INCLUDES the rehab costs. Purchase price without the rehab is $32,000. We will rehab it for you, with our licensed, bonded and insured crew. You'll receive a scope of work and the costs. It will take 2 weeks to complete. We always rehab our homes, so that they're Section 8 compliant. Our property manager can manage it for you, if you need that service. So your location makes no difference! If you're looking for a great property with excellent cash on cash return, this is it! Don't wait, as this one won't last long. Buyer pays cash or hard money and is responsible for closing costs. Earnest money deposit is $1000. Please keep in mind that the city requires 4 inspections. They are: Electrical, Plumbing, HVAC and a roof inspection. The buyer is responsible for these inspections. The plus to all of this, is that you won't need a "standard" inspection. The 4 inspections must be done by companies that are licensed through the city. We will make arrangements for the inspections and meet them at the home. This is part of the free service we provide to our investors.
Please call Scott @ 219-308-0162 for more details or PM me. You can also email me at: [email protected]. I'll send you the cash on cash worksheet and more specific information regarding the rehab.