Description
This beautiful Single-Family Home is going to make someone a very happy tenant, and a very happy property owner! This cash flowing rental property is in a great Milwaukee neighborhood and we are going to give it the full Storehouse 3:10 treatment! You can expect a full remodel including Luxury Vinyl Plank flooring, brand new cabinets and counters, new doors and windows and of course the signature Mama G light fixture!
Follow along with us on the remodel journey on our YouTube Channel – Storehouse 3:10 Ventures – and click here to watch the initial walkthrough of the property!
——— SOLD ———
PROFORMA*:
MONTHLY RENT : $1,200
MONTHLY EXPENSES** : $908.47
MONTHLY CASH FLOW : $291.53
CASH ON CASH RETURN : 14.34%
View Analysis Here
* Assumes conventional financing with a 20% down payment, 30 year fixed rate mortgage at 4.5% interest.
** Expense calculations include mortgage (PITI), 7% vacancy, 8% property management, 5% maintenance, and 5% capital expenditures.