$150,000 After Repair Value -
$65,000 Asking Price -
$40,000 Cost of Repairs =
$45,000 Potential Profit

Property Details

Asking Price $65,000

After Repair Value $150,000

Costs of Repairs $40,000

Potential Profit $45,000

Living Area 1510 ft2

Property Type Single Family House

Bedrooms 3

Bathrooms 1

Half Bathrooms 0

Parking 1

Listed with Agent No

EPI (Estimated Potential Income)

Potential Rental Income $1,142

Yearly Expenses N/A

Property Taxes $863

Net Operating Income $12,841

Cap Rate 4.98%

Property Description

Great Investment house for your portfolio! There are currently tenants occupied renting at $800 per month with lease ending 01/31/22. 3 bedroom 1 bath house on a corner lot. Enough space to add an extra half/full bath. Will not last long!

Repairs Needed

New flooring and windows. Renovation of bath along with some repairs needed on exterior of property.

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