Updated over 8 years ago on .
Nice Rental in Auburn Gresham! 7.84% Returns!
I have another rental available in the Auburn Gresham area. This property has been rehabbed and is tenanted out w/ section 8.
8606 S Elizabeth
- Home Type: Single Family
- Construction: Brick
- Bedrooms: 4
- Bathrooms: 1
- Living Space: 886 sqft
- Lot Size: 3,750 sqft
- Stories: 1.5
- Basement: Full. finished
- Real Estate Taxes (annual): $1,613.64
- Insurance (annual): $520
- Utilities: Owner Pays Water - ~$50/mo
- Tenant pays all other utilities.
- Gross annual rent: $13,116.00 ($1,093/mo)
Factoring in vacancy (8%), repairs and maintenance (5%), reserves (cap ex @ 5%), management (9%), and all other listed costs, we project a 7.84% ROI at a purchase price of $85,000.
Offering