$80,000 in equity!

9408 Oscar St. Oakland, CA 94603
Duplex:    2/1   2/1  
 
Wholesale Price: $112,000
After Repaired Value: $200,000
LTV - including rehab: 61%
 
Rehab: $8,000 - $12,000
Square Feet: 1,440
Vacant , Rents: $2200 a month
CAP Rate: ~ 18%
 
Zillow value: $292,000
Sold in '06: $440,000
Assessed value: $460,000
 
Outside is in good shape. Needs carpet, paint, cabinets and
appliances.  Taxes are assessed at $460,000. Buy and get taxes
reduced by 60%. Even with rehab costs, an 18% CAP rate!
 
More info HERE 

MotivatedProperties.com