A turnkey Section 8 property with a long-term tenant, newer construction (2000) and high net ROI of 17%. Cash only offer. Monthly rent of $1250 out of which the tenant pays ~$200. Please call (919)602-5208 if interested. Here're the details:Subdivision: Washington Park SubdivisionYear Built: 2000Beds: 4Baths: 3.5Style: CraftsmanAppliances: Stove, Refrigerator, Dishwasher, & Garbage DisposalHeating: GasCooking: ElectricWater Heater: GasSq Ft: Approx 1818 sq ftSection 8 Tenant: Long Term TenantMonthly Rent: $1,250Asking Price: $65,000Annual Rental Income: $15,000Gross ROI: $15,000/$65,000=23% ROITaxes: $1200Insurance: $700Property Management: $1500 (10% of rent)Maintenance: $1500 (10% of rent)Net Operating Income: $15,000 - $1,200 - $700 - $1,500 - $1,500 = $10,100Net ROI: $10,100/$65,000 = 16%Looking for a quick close. CASH BUYERS ONLY. Please call (919)602-5208.
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