Can Be Flipped or Rented!!

Mapes Ln, Monroe, NY 10950

$300,000 After Repair Value -
$149,000 Asking Price -
$65,000 Cost of Repairs =
$86,000 Potential Profit

Property Details

Asking Price $149,000

After Repair Value $300,000

Costs of Repairs $65,000

Potential Profit $86,000

Living Area 2054 ft2

Property Type Single Family House

Bedrooms 3

Bathrooms 2

Half Bathrooms N/A

Parking 1

Listed with Agent 0

Property Description

Fixer upper in NY state ready to be flipped or rented. Here is a two story, single family home with 3 Bedrooms, 2 and a half bathrooms and approximately 2,054 square feet of living space. Taxes are about $7,844 per year and can rent between $2,300 - $2,400 per month.Gross Income - $27,600Taxes - $7,844Insurance - $10005% Vacancy - $1,380Net Income - $17,376ROI - 9.70% (Return on Investment includes acquisition + $30k worth of work)Comps:(1) 11XXE. Mombasha Rd Sold for $216k on 12/28/17 (3bed 2.5baths 1873 Sqft)(2) Water Plant Rd Sold for $230k on 08/11/17 (3bed 1.5bath 1,784 Sqft)(3) Knoll Ct Sold for $275k on 01/08/18 (3bed 2baths 1,576 Sqft)(4) 9X Hawxhurst Rd Sold for $360k on 03/16/18 (4bed 3baths 2,312 Sqft) Balcony, Deck or Patio Breakfast nook, Central heat Dining room, Living room, Tile floor, Yard

Repairs Needed

Paint, flooring

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