Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Classifieds
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 8 years ago on .

User Stats

20
Posts
5
Votes
Brandon Comer
  • Flipper/Rehabber
  • Orlando, FL
5
Votes |
20
Posts

Tenant-Occupied Rental for $22,000!!

Brandon Comer
  • Flipper/Rehabber
  • Orlando, FL
Posted

Add This Augusta Rental To Your Portfolio TODAY!

As we have all heard, cash flow is king. Here's the perfect opportunity to increase your passive income for less than you think!

Here are the numbers up front:

Purchase Price: $22,000

Rehab: $0 (all done by previous owner)

Current Rent: $425/mo = 1.93% return each month

This 3 bed 1 bath house has a long-term tenant who does not want to move. Her lease is up at the end of 2017 and you could easily increase the rent to over $500/mo. The previous owner handled all drywall repair, redid the front porch and touched up paint throughout the property. Don't miss this chance to add this beauty to your stream of passive income!

For those wondering about potential costs to improve the property after the tenant leaves, we had a contractor quote us $6,200 for all cosmetic fixes to the property and some minor upgrades to the kitchen. This will bring the rent demand to $600/month.

CLICK PICTURE BELOW FOR MORE PHOTOS

Offering