Home vacated needs a little TLC

[Beatrice Gicharu]

Home vacated needs a little TLC. Good value. Off street parking with large yard.
Covered front porch. Main floor laundry.
Home needs of updates but has a lot of potential.
Don't miss out on this value add opportunity!

COMPS
5536 Garfield Avenue
1027
$40,800.00
11/14/2018

5633 Park Avenue
962
$41,600.00
11/07/2018

5207 Garfield Avenue
1096
$50,000.00
10/31/2018

Average ARV: $35,491

price $29,999.00
Rehab $3,000.00
total investment $32,999.00
EVERYTHING IS MONTHLY
Monthly rent $600.00
monthly tax expenses from county records 24.16
monthly insurance expenses $23.00
monthly mgt expenses (10% or 8% of rent) $60.00
monthly rent after expenses $492.8 x 12 $5,914

caprate /return 17.92%

5031 Brooklyn Ave