Description

Great opportunity for a local investor to pick up this house! This fixer upper will not last long! If you are looking for a place to invest or a place to live, this is the place you’ve been looking for. It needs some repairs, updates and cosmetic work, but has plenty of potential.

2234 Cannon Bridge Rd Cordova, SC 29039

3 Beds / 1 Bath  950 square feet

Cash Price:  $21,900 or best offer

Average Rents in Area:  $1,000

Fix up and make a rental:

$21,900 purchase price

$500 closing costs

$10,000 estimated repairs

Total Invested:  $32,400

Gross Annual Rent:  $12,000

Insurance Cost $1000 yr

Property Tax Cost $1000 yr

Mgmnt Co: $1320

Vacancy:  $1320

Repairs / Maintenance:  $1320

NOI:  7%

 

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