• Bedrooms: 3
  • Bathrooms: 1
  • Status:
  • Area: 1560 sq ft
  • Lot size: 740 sq ft
  • Year built: 1964

Description

Check out this fixer upper located at 7502 Lancaster Rd Little Rock, AR 72209.  This former REO / bank owned home is a handyman special that needs work and some TLC.  We’ve priced to sell and comes with a great amount of built in equity. We are motivated and must sell this property to make room for new inventory so make an offer.  Sold as-is.  Home needs some heavy interior rehab work and a new roof.

Call 321-286-8253 Ext 3 and ask for Dale

Owner financing is available to qualified buyers with good down payment.

Submit your offer at www.OdellBarnesREO.com/Make-An-Offer

Or apply for owner financing at www.OdellBarnesREO.com/Apply-For-Owner-Financing

Address:  7502 Lancaster Rd Little Rock, AR 72209

3 Beds / 2 Bath 1,560Sq Ft

Cash Price:  $17,500 or best offer

Financing Available:  $1,000 down $300 month

Average Rents in Area:  $850

Fix up and make a rental:

$17,500 purchase price

$500 closing costs

$30,000 estimated repairs

Total Invested:  $57,500

Gross Annual Rent:  $10,200

Insurance Cost $500 yr

Property Tax Cost $900 yr

Mgmnt Co: $1020 (10% of gross rents)

Vacancy:  $1020 (10% of gross rents)

Repairs / Maintenance:  $1020 (10% of gross rents)

Net Operating Income:  $5,740

Cash Buy ROI:  9.98%

 

 

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