Richmond - Glen Allen - Turnkey Condo - Instant Cash Flow

8408 Donovan Ct, Richmond, VA 23228

$125,000 After Repair Value -
$109,000 Asking Price -
$0 Cost of Repairs =
$16,000 Potential Profit

Property Details

Asking Price $109,000

After Repair Value $125,000

Costs of Repairs $0

Potential Profit $16,000

Living Area 848 ft2

Property Type Condo

Bedrooms 2

Bathrooms 1

Half Bathrooms 0

Parking 0

Listed with Agent No

EPI (Estimated Potential Income)

Potential Rental Income $1,200

Yearly Expenses $400

Property Taxes $800

Net Operating Income N/A

Cap Rate N/A

Property Description

Turnkey apartment already with tenant. Tenant pays $950 a month and all utilities, and the lease is through September. Other apartments rent up to $1,200 a month in this area. This property is in GREAT condition, and is ready for it\'s next owner; seller is moving out of area.

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