Property taxes are estimated at $133 a month
Insurance is estimated at $104 a month
4 large renovated 1bd/ba units and a large bonus room that can be used as storage or washer/dryer room
3 units occupied currently grossing $1,925 a month all tenants are new and signed yearly leases. (3rd one signing this week)
Tenants pay all utilities, Owner pays lawn and for a small dumpster
4th unit is rehabbed and ready to be occupied
All units have gone under renovation through the year and I do not have a t-12 on this just able to provide the leases.
Property is self managed by owner also with the help of a local broker that handles leases and tenant screening
Potential gross rents $2,575 with 4th unit occupied
Property is still positive cash flow with 3 units rented. With 4th unit rented will make for a healthy return
INTEREST 5.75% $1050 MONTHLY PAYMENT
POTENTIAL GROSS RENTS $2575 WITH 4TH UNIT RENTED WILL MAKE A HEALTHY RETURN
ENTRY FEE 32 K
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Bathrooms | |
Sq. footage |