Solid block house, 2/1, absolutely no repairs needed! Rent ready with a willing and able renter standing by.Cap Rate as rental: 16.1%Net Operating Income: $7,900Gross Income: $9,000 Gross Income ($9,000) = Market Rent ($750) x 12 monthsNet Operating Income ($7,900) = Gross Income ($9,000) - Insurance ($800) - Property Taxes ($300)Cap Rate (16.1%) = Net Operating Income ($7,900) / Purchase Price ($49,000) + Repairs ($0)
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