$65,000 After Repair Value -
$38,000 Asking Price -
$0 Cost of Repairs =
$27,000 Potential Profit

Property Details

Asking Price $38,000

After Repair Value $65,000

Costs of Repairs $0

Potential Profit $27,000

Living Area ?1,089 ft2

Property Type Single Family House

Bedrooms 3

Bathrooms 1

Half Bathrooms 0

Parking 0

Listed with Agent No

Property Description

This property is currently tenanted at $650 per month with a lease lasting until December 2021. The tenant pays all the utilities and according to the owner, the tenant has not missed any payments and are currently employed.

At a 16% CAP rate this property would be an amazing cash flowing rental property with minimal work to be done. Make an offer today!

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