Cash Flow Rental Property in Mooresboro, Only $14,900

McDowell St, Charlotte, NC 0

$39,900 After Repair Value -
$14,900 Asking Price -
$5,000 Cost of Repairs =
$20,000 Potential Profit

Property Details

Asking Price $14,900

After Repair Value $39,900

Costs of Repairs $5,000

Potential Profit $20,000

Living Area 784 ft2

Property Type Single Family House

Bedrooms 2

Bathrooms 1

Half Bathrooms N/A

Parking 0

Listed with Agent 0

EPI (Estimated Potential Income)

Potential Rental Income $500

Yearly Expenses N/A

Property Taxes N/A

Net Operating Income N/A

Cap Rate N/A

Property Description

Property Details BR 2 BA 1 SQFT 784 Acres 0.3 acres Built 1930 Utilities: Well/ Septic Make some repairs and raise the rents if you want. Instant $275 per month cash flowing property for only $14,900. Earn almost 2% per month net as is with current tenant. Investors and landlords, here’s a steady cash flow 2BR rental property for only $14,900. Currently rented to stable tenants, generating $275 monthly cash flow. With some updates and repairs the rent can easily be raised to $350-$500. The house is located on a corner lot. Roof and water heater are in good condition. Kitchen and living room ceilings are painted plywood. There isn’t any HVAC or window units, they are using space heater for heating and fans for cooling. Repairs needed to raise rent: Windows replaced, some floors leveled and replaced. Minor updated required in siding and porch. Bathroom updates Our deep discounted wholesale properties sell very fast to cash buyers that can close quick. Because of this, we do not negotiate on price. The price shown has already been discounted and is well below market value. Our buyers are fix and flip investors, landlords and cash home buyers looking for a deep discounted property that needs some work. If you are a cash buyer, message us your mobile number and email address for details, pics and the property address. Get on our VIP buyers list at www.InvestorsRehab.com.

Repairs Needed

Repairs needed to raise rent: Windows replaced, some floors leveled and replaced. Minor updated required in siding and porch. Bathroom updates

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