• Bedrooms: 4
  • Bathrooms: 2
  • Floors: 2
  • Area: 1288 sq ft
  • Lot size: 9583 sq ft
  • Year built: 1903

Description

Check out this historic 1903 built beauty! This traditional-style home will be great the first time home buyers that needs a nice size home. Interior space reflects 4 bedrooms, 2 baths, deck, shed for additional storage, 3 space parking, attic, carpet, laminate, tile, an unfinished basement and a detached garage. It has approximately 1, 288 square feet of living space and located near all the needed amenities.

Home values in the area range from $57,000-$74,000

Rent $800-$850 a month

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

$15,800 purchase price

$500 closing costs

$20,000+/- estimated repairs

Total Invested:  $36,600.00

Gross Annual Rent:  $10,200.00

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: 7%

Interested in Owner Financing? It is available on this one. Check it out: $1,500 down for 120 months, 8.75%interest rate with a monthly note of only $300.00 a month…that is definitely less than you are currently paying for rent; so why not put that money towards something with immediate equity that you own yourself…..

Interested in this home? Text She’rri at 423-316-8256 or Email sherri@obreo.net to see the property or to make your cash offer.

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