• Bedrooms: 2
  • Bathrooms: 1
  • Area: 1175 sq ft
  • Lot size: 6098 sq ft
  • Year built: 1958

Description

This ranch-style home will be great the first time home buyers that needs a nice size home. Interior space reflects 2 bedrooms, 1 baths, shed for additional storage, 3 space parking, wood floor, laminate, tile, an unfinished basement. It has approximately 1,175 square feet of living space and located near all the needed amenities.

Home values in the area range from $27,000-$58,000

Rent $600-$800 a month

Fix this home up for yourself or Fix up and make a rental:

$15,000 purchase price

$500 closing costs

$10,000+/- estimated repairs

Total Invested:  $25,500.00

Gross Annual Rent:  $9600.00

Insurance Cost $500.00

Property Tax Cost $1133.00 yr

Mgnt Co: $1,020.00 (10% of gross rents)

Vacancy:  $1,020.00  (10% of gross rents)

Repairs / Maintenance:  $1,020.00  (10% of gross rents)

NOI:  $5,507.00

ROI: 13%

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