$9,900 - Great Cashflow Potential! - 19.9% ROI

[Jason Richardson]

5 Bed / 1.5 Bath / 1402 SqFt / 4352 SqFt Lot / Built 1905

We have a very affordable property, which needs TLC, but will provide an excellent return on your investment. This property is structurally sound with a good roof (needs light repair where cut down trees were rubbing against gutter/fascia/roof line). This house includes a large living room, sitting room, formal dining room, 4 bedrooms and 1 full bath upstairs, 1 bedroom and half bath downstairs, kitchen and 3/4 basement. This property is located in an up-and-coming neighborhood, near Riley High School, Studebaker Park, a public library, shopping, entertainment and is close to downtown.

C Class Neighborhood

Here are the numbers, as a cash-flow property:

Our Price - $9900

Estimated Monthly Income - $700

Yearly Income (Includes 1mo Vacancy) - $7700

Yearly Taxes - $600

Yearly Insurance - $600

Yearly Management Fee & Maintenance Cost - $1540

Yearly NOI - $4960.28

Estimated Rehab Cost - $15000

All-In Cost - $24900

Estimated ROI - 19.9%

Professional management and rehab services are available. Serious cash buyer inquiries only please. Buyer pays their side of closing costs. We cannot guarantee the returns shown above, as these are estimates based on our own due diligence. We recommend all buyers do their own due diligence prior to purchase.