$90,000 in equity!

3311 / 3315 72nd St, Oakland, CA 94605
 
Duplex:    1/1   1/1   
 
Wholesale Price: $125,000
After Repaired Value: $220,000
LTV - including rehab: 58%
 
Rehab: $2,500 - $5,000
Square Feet: 1,450
Rents: $2000 a month- one unit occupied at $950
CAP Rate: ~ 16%
 
Zillow value: $300,000
Sold in 12/06: $456,000
Assessed value: $413,000
 
Inside is beautiful! One repair issue. Outside is in good shape, has a security gate. One garage door needs repair. Taxes are assessed at $413,000. Buy and get them reduced by 60%. Even with rehab costs, a 16% CAP rate!
 
Watch video, and more info HERE

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