$875 monthly rent for $55,000
$55,000 for $10,500 yearly gross rent.
$1,438 taxes
$750 insurance
$600 management
$7,712 net income = 14% cash on cash return for cash buyers. 28% cash on cash return for leveraged borrowers.
This was a one owner house that was extremely well taken care of. Has a newer roof, furnace and water heater.
Property report link below
Offering