This spacious colonial home is an excellent investment opportunity. With over 1500 sqft, the house has a living room, formal dining room and large kitchen. The kitchen has been updated with newer cabinets and countertops, and has a walk-in pantry. The dishwasher and stove will come with the home refrigerator does not. On the ground floor there are 2 bedrooms and upstairs are 3 upstairs, including 2 that are tandem bedrooms. There is 1 full bath, and a half bath in the basement that could add more value with a little work. There is newer carpeting on the main floor and vinyl and laminate throughout the remaining rooms. It is tenant occupied with a lease through September 2019 at $900 a month, and with some updates could be rented for more in this popular neighborhood. Additionally, the house has updated electrical, vinyl replacement windows throughout most of the house, aluminum siding and a 2 car garage with a newer roof. Don’t miss the opportunity to add this home to your investment portfolio!
Assuming 4.5% interest, 30 year mortgage & a 25% down payment.
- Down payment $ 14,625.00
- Up Front costs $ 1000.00
- Estimated Yearly Rents $ 10.800.00
- Estimated Yearly Expenses $5,400.00
- Yearly Debt service $ 2,667.70
- Net cash flow after expenses & debt service $2,732.30
CASH ON CASH RETURN 17.5 %
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