$120,000 After Repair Value -
$89,750 Asking Price -
$0 Cost of Repairs =
$30,250 Potential Profit

Property Details

Asking Price $89,750

After Repair Value $120,000

Costs of Repairs $0

Potential Profit $30,250

Living Area ?1,316 ft2

Property Type Single Family House

Bedrooms 3

Bathrooms 1

Half Bathrooms 0

Parking 0

Listed with Agent No

Property Description

This 3 bed 1 bath home is currently tenanted at $850 per month, but will be moving out at the end of the month in September, 2021. The kitchen and bath has been updated in the past 5 years, and has a working A/C unit.

The market rent for this property is $1,100 so there is HUGE potential for the property to cash flow $780+ if bought with cash with an 11% CAP rate. Since it\'ll be vacant at the end of the month, you can also fix it up and flip it for a profit if you please!

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