Updated almost 8 years ago on .
$2,250 RENT/MONTH. 40k Equity. 18% CAP RATE!!!!
FULL DISCLOSURE: I AM CURRENTLY THE LISTING AGENT FOR THE PROPERTY. 10 SHOWINGS IN 3 DAYS. HOUSE WILL MOVE QUICK.
Rents for $2,250/month. This is verified and we've rented 4 bed properties for this price in this town before. We have a contractor that can complete the rehab, we have leasing agents that will get it rented and we offer management at 9%.
Taxes are not cheap in this municipality and they are currently at $6,600/year. Net rental income (not counting repairs/maintenance/vacancy/lending costs) is $20,400. Property needs about 45k in rehab.
Offering