Property Financials (Financials Spreadsheet):

ARV: $130,000

Market Rent: $850/mo

Taxes: $50/mo

Insurance: $50/mo

Property Management: $85/mo

Gross Monthly Income: $665 (Cash Sale)

Cap Rate: 11%

Access will be given to highest bidder with signed agreement.

Property is in live-able condition as it sits. But you will want to do updates to pull higher rent. Spacious corner lot with a detached garage.

-HVAC is a bit older

-Roof is newer

-Exterior trim and paint recently done

-Interior you will want to update the kitchen and bathroom, paint, possibly flooring, light fixtures etc.