TURN-KEY MOUNTAIN VIEW SFR UNDER $300,000…!!

1 Reply

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $256,000
Cash invested: $256,000
Sale price: $256,000

RE: TURN-KEY MOUNTAIN VIEW HOME NEAR LAKE ARROWHEAD UNDER $300,000…!!

This property received multiple offers above asking price - due to increased interest in the LOCATION as well as TURN-KEY CONDITION of property.
Home has excellent rental income potential.
Single Family Residence

Beds: 3
Baths: 2
Square Footage: 1,297 sqft
Lot Size: 7,361 Sq Ft

COMPS: 2 similar properties sold in Apr 2020 - one for $287,500 and the other for $315,000 BUT both are 2 BR, 2 baths WHEREAS my property is 3BR.

CMA available on request.
Asking Price = $256,000
Property Taxes - Annual = $2064 - Monthly = $172
Insurance - Monthly = $84
Monthly Rental Estimate (as per Market Comps) = $1800-$2100

DESCRIPTION: Gorgeous mountain and city Lights view from Living room, dining room and master bedroom. Oak beamed ceilings. Ceiling fan and wood-type floor in LR. Large fireplace. Spacious deck with views and additional outdoor patio. Large Parking space for 4 cars. 3rd bedroom has a separate private entrance and currently FUNCTIONS as a studio rental unit. Currently rented but renter is open to moving or staying - whatever works.
Property has great rental income potential - close to restaurants, country club, and area attractions.

We are showing the property Friday and Saturday - with social distancing rules in place!

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