• Year built: 1913
  • Lot size: 3049 sq ft
  • Area: 1360 sq ft
  • Bathrooms: 1
  • Bedrooms: 3
  • Owner Financing Available : YES

Description

2104 10th St., Port Huron, MI 48060 is a great property would be perfect for a first time home buyer tired of paying rent or for the savvy buy and hold Investor looking to add to their portfolio and reap the benefits of monthly cash flow. This home is a fixer upper so it needs a little TLC to bring back the 1913 charm it once had. Come take a look at this property.

Average rent in the area is $750-$800.00 a month

After Repair Value of this home is upwards of $60,000

Fix up and make a rental:

$29,980.00 purchase price

$500 closing costs

$20,000+/- estimated repairs

Total Invested:  $50,480.00

Gross Annual Rent:  $9,600.00

Insurance Cost $500.00

Property Tax Cost $1015 yr

Mgnt Co: $960.00 (10% of gross rents)

Vacancy:  $960.00  (10% of gross rents)

Repairs / Maintenance:  $960.00  (10% of gross rents)

Net Operating Income: $5,205.00

Cash Return On Investment: 10.31%

Text She’rri at 423-316-8256 or Email sherri@obreo.net to see the property, make an offer or inquire about Owner Financing.

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