This is a Single-Family Home located at 118 Dade Lane, Hopkinsville KY. 118 Dade Ln has 3 beds, 1 bath, and approximately 784 square feet. The property has a lot size of 0.5 acres. Asking Price: 17,500 30% Cash on Cash, Motivated Seller * Plays: Buy and Hold. Make rent ready and cashflow. Collect rents of $694 a month once rehabbed. - Rent: $694 per month X 12 (months) = $8,328 yearly gross profit - $8,328 (year profit) x 70% (Thirty percent to account for expenses) = $5829 yearly net profit. Purchase Price: $17,500 + Rehab around : $10,000 = $27,500 CAP RATE & ROI: $5,829/$27, 500= 21.2% CAP RATE $8,328 / $27,500 = 30.3% ROI Contact Info: Larry Mitchell (317) 599- or email County: Christian ** Excellent Area for Children, Very safe and Good School System** * Willing To Discuss Property Price*-------------------------------------------------------------------------------------------------Second property 115 Rozella Ave Hopkinsville,KY 2DB/1BTRent $680-$700AVR $57K*Great installed Property, Excellent Roofing, Sound Foundation*Both Properties on the Same Foundation*Great Rental properties - TurnKey* Asking Price 17.5K !!
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