(Lafayette, LA) 🔑🫨Turn Key Rental, cash flow $700/MO !!!🏡
Attention real estate investors: Excellent Location to come and add a neautiful property to your portfolio ! Tons of potential with an already completed remodel with completely refinshed exterior, new windows, a beautifully remodeled bathroom, and new hot water heater along with new split wall unit A/C. This property is ready for its last few finishing touches to profit in the lucrative area of Lafayette.
ASKING PRICE: $110K
Rent Roll: $750/mo
ARV: $220,000
Perfect For:
🚪 Buy and Hold
(Purchase Price) $110K + (Turnkey) $0k = (Total Investment) $110k
(Current Rent Rate) $1750/mo - 1000 (PTI) = $750+/mo est. CASH FLOW!
Rental Comps:
318 Venus Dr, Lafayette, LA 70501- LEASED- 1500/MO
615 webb st, Lafayette LA 70501- LEASED 1650/MO
1608 Jefferson St, Lafayette LA 70501- LEASED 2100/MO
🏡Quick Flip
(Purchase Price) $110K + (Turnkey) = (Total Investment) $110k
(ARV) $220k - (Total Investment) $110k = $110K (Gross Profit) $95k after fees
Flip Comps:
112 Kingswood Dr Lafayette LA 70501 - SOLD $219k
403 Venus Dr Lafayette LA 70501 - SOLD $214k
Property Overview:
🛏 3 Bedrooms
🛁 1 Bathroom
📏 2461 sqft of potential
📅 Built in 1860
Property Details:
🧱Exterior: Completly refinished with fresh paint
🏠Roof: New
🪠Utilities: service panel and plumbing no issues
💦 NEWER Hot Water Heater: 2022
🥵NEWER A/C Unit: 2022
Additional Insights:
🚀 Area: Excellent rental location, low DOM for comparable homes nearby
🚧 Attention Required: (NONE) Freshly remodeled interior exterior and utilities
🔄 Vacancy: Tenant paying '23 market rent (no rent cap)
PLEASE CALL TO SCHEDULE SHOWINGS
TENTATIVE CLOSE DATE ON OR BEFORE 09/27/2024
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