Poconos PA | Works as a Rental or Fix&Flip | Some Work Started
109 Laverne Dr. Dingmans Ferry, PA 18328
Price $69,900
Bedrooms: 3
Baths: 2
Occupancy: vacant
Layout: single
Sq Footage: 1,404
Year Built: 1998
Acres: 0.28
Located in Dingmans Ferry, PA this 1,404 sqft single family house is ready for a face lift. The property needs some interior updating. Good bones.
Repairs/Updates needed: paint, carpet, interior cosmetic updating
Pictures: https://poconos.craigslist.org/reo/d/priced-to-sel...
Call me to visit my house at (215) 315-3839
If you are a real estate investor looking to buy and hold this property then below is some analysis:
Purchase Price: $69,900
Estimated Repairs to get highest rents: $15,000
Reinstatement Costs: $0
Transfer Tax: $699
Closing Costs (sale): $1,398
Buyer's initial investment: $86,997
+ Monthly Rental Income: $1,300
- Vacancy Reserve: $130
- Monthly Real Estate Taxes: $292
- Insurance: $67
- Property Management: $0
- Utilities: $0
- Reserves for Future Repairs: $130
= Net Monthly Operating Income: $682
Your Annual cash return: 9.4%
After Repair Value: $130,000
Call me to visit my house: 215-315-3839
For my other houses for sale or to join my buyers's list visit http://www.housedealsamerica.com/house-deals.html