Montgomery, AL Fixer Upper For Sale
Looking to sell this fixer upper in Montgomery. It's in good overall shape, just needs cosmetic updates. Property is being sold as-is and conveyed via quit claim deed. You can do a full closing at your own expense to get a general warranty deed. Low taxes and insurance costs will make this one a profitable rental for years to come.
Purchase Price: $19,900 or best cash offer
Repairs / Updates: $10,000
Closing Costs: $1,000
Total Investment: $30,900
Annual Rent: $9,600
- 10% vacancy
-10% Management
-10% Repairs & Maintenance
- $300 taxes
- $500 insurance
Annual NOI = $5,920
Cash on Cash Return = 19.15%
We will consider financing the property as well.
Purchase Price: $25,000
Repairs / Updates: $10,000
Down Payment: $5,000
Closing Costs: $1,000
Total Investment: $16,000
Annual Rent: $9,600
- 10% vacancy
-10% Management
-10% Repairs & Maintenance
- $300 taxes
- $500 insurance
- $2,568 debt service
Annual NOI = $3,352
Cash on Cash Return = 20.95%
You can make a direct cash offer or apply for financing on our website at www.OdellBarnesREO.com