Description

Renovated three bedrooms one bath. Very large master bedroom. New flooring, paint, windows, lights, and appliances. Tiled bathroom with new vanity and toilet. Very clean basement with plenty of storage. Partially fenced in backyard. One car garage with plenty of parking space on the driveway.

———  SOLD  ———

PROFORMA*:

   MONTHLY RENT :                                                                  $1,195

   MONTHLY EXPENSES** :                                                     $940.28

   MONTHLY CASH FLOW :                                                     $254.72

   CASH ON CASH RETURN :                                                   12.66%

View Analysis Here

* Assumes conventional financing with a 20% down payment, 30 year fixed rate mortgage at 5.5% interest.
** Expense calculations include mortgage (PITI), 7% vacancy, 8% property management, 5% maintenance, and 5% capital expenditures.