GREAT INVESTMENT PROPERTY! PROPERTY APPRAISED FOR $115,000 AND BEING SOLD AT $92,000 (80% OF THE MARKET VALUE). TURN KEY.
3BR/2BA Single Family House
offered at $92,000
Year Built
1922
Sq Footage
2,371
Bedrooms
3
Bathrooms
2 full, 0 partial
Floors
2
Parking
Unspecified
Lot Size
7,560 sqft
HOA/Maint
$0 per month
DESCRIPTION
Fully renovated home. Great investment property. Should rent for $1,150/month. Property just appraised for $115,000 and we are selling for $92,000 (80% of the market value). Great deal!
Rents: $1,150/mo
Vacancy (8%): $92
Property Management (10%): $106
Property Taxes ($1,907/yr): $159
Insurance ($300/yr): $25
Repairs: $50
Net Monthly Income: $718
Net Annual Income: $8,616
Built in Equity: $23,000
Total Increase in Wealth: $31,616
Return on Investment: 34.37%
