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PROPERTY OVERVIEW

Turnkey property in very popular area of University Heights. Great opportunity for long-term tenant. Don't miss out, reserve now!
 
 
Comparable sales w/in last 90 days:
$134,900 - 3578 Cedarbrook Rd., University Heights
$132,000 - 2103 Wynn Rd., University Heights

 

 

RENOVATION HIGHLIGHTS

  • Original wood floors in great condition
  • Chair railings and crown molding
  • Exterior repairs and upgrades
  • Basement w/ laundry area

PROPERTY FEATURES

  • Detached 2-car garage
  • Master bdrm has lots of windows
  • Hardwood floors throughout main floor
  • Fenced in yard

INVESTMENT HIGHLIGHTS

  • Buy with Only 20% down
  • Offered POS Violation Free
  • Full Management in Place
  • Estimated 14% Cash on Cash
    (based on core financials)
  • Great for New Investors
  • See comparable sales above in 'Property Overview' 

Projected Year 1 Core Financials

Monthly Rent: $1,150

Gross Annual Income: $13,800

Property Tax: $3,466

Property Mgmt: $1,380

Insurance: $450

Projected NOI: $8,504

 

Cap Rate: 7.39%

Cash on Cash: 14.28%

 

Direct Price: $115,000

Price w/ Agent: $120,000

20% Down: $23,000

Disclaimer: The estimated analysis are presented in good faith and in no way represent a commitment on the part of the Seller(s), or any affiliate thereof, to provide the returns indicated herein. Please be sure to understand the risks associated with investing in real estate and make appropriate assumptions; while 1-year (3rd party) warranties are typically offered as a mitigator for certain expense risks, they should not be a replacement for normal rental property assumptions. Any promotions or other marketing statements must be included in the transactional paperwork associated with the property in order to be valid. Please be sure to conduct your own due diligence and seek your own professional advice.

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