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PROPERTY OVERVIEW

3 bed colonial style property on a very nice lot with a private back yard. Fully renovated throughout and includes a full basement as well. See renovation highlights for recently completed improvements. Very low taxes!

RENOVATION HIGHLIGHTS

  • Full kitchen remodel
  • Bathroom remodeled
  • New paint throughout
  • New flooring throughout including new carpet in bedrooms
  • Brand new hot water tank

 

 

PROPERTY FEATURES

  • Large private backyard
  • Full basement
  • Front and side porches
  • Beautifully renovated throughout
  • Colonial style for long-term family tenant

INVESTMENT HIGHLIGHTS

  • 9.25% cap rate
  • Buy with only 20% down
  • 1 year home warranty with APHW
  • Full management in place
  • Very low taxes

 

Projected Year 1 Core Financials

Monthly Rent: $1,000

Gross Annual Income: $12,000

Property Tax: $1,188.00

Property Mgmt: $1,200

Insurance: $450.00

Projected NOI: $9,162.00

 

Cap Rate: 9.25%

 

Direct Price: $99,000

Price w/ Agent: $105,000

20% Down: $19,750

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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