$350,000 After Repair Value -
$299,999 Asking Price -
$0 Cost of Repairs =
$50,001 Potential Profit

Property Details

Asking Price $299,999

After Repair Value $350,000

Costs of Repairs $0

Potential Profit $50,001

Living Area 3150 ft2

Property Type Single Family House

Bedrooms 6

Bathrooms 3

Half Bathrooms 0

Parking 2

Listed with Agent No

EPI (Estimated Potential Income)

Potential Rental Income $30,000

Yearly Expenses $1,500

Property Taxes $2,500

Net Operating Income $27,500

Cap Rate N/A

Property Description

Investor Special, home gets a 9.2% cap rate. Have had a long-term tenant for 3+ years paying $2500/month in rent. Home was renovated in 2016. Huge yard with all homes in the neighborhood on large lots and tree-lined streets. 6 large bedrooms, 3 bathrooms, all one story. Nice open layout, formal dining, family den. Updated kitchen with plenty of cabinets, added extra room could be game room or sun room. Wood and tile flooring throughout the house. Big back yard with covered patio. Attached garage with a 500 sq/ft detached storage shed. New fully fenced yard and house is over 100 feet off the street so very private. Convenient location close to highway 610 and 45.


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