$52,000 House Makes 13.5% Cap Rate - No Investor Maintenance

[Account Closed]

This house on the southside of San Antonio was purchased cash for $52,000. It had central air added and was painted inside, also the kitchen and bath were rehabbed. Total cost was $10,000. 

Then we got a qualified owner finance buyer in the house, who is responsible for all maintenance. $895 per month, $5000 down, 10% interest, 30 year, no prepayment penalty, may refi anytime. Cap rate is 13.5%.