3br Ranch, 957 sq ft on 1st floor, 400 sq ft in finished basement to include 3rd bedroom and rec room with bar....Property offers hardwood floors, huge kitchen with new vinyl, and a huge backyard.Property will easily cash flow $250-$350 per month. Market Rent is $725-$750 per month (renter is ready to move-in on Dec 18)Property needs some repairs: carpet ($1000), paint ($1250), appliances ($750), hardwood floors refinished ($675) & small/misc ($500) = $4,175 total in repairs Total Investment = $48,675 100% Financing ($48,675) at 6% =$243 per monthProperty Taxes ($2,086) = $174 per monthProperty Insurance ($301) = $25 per month Total Monthly Costs = $442 Monthly Rent $725Subtract Costs $442 = $283 POSITIVE CASH FLOW PER MONTH
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