Cash Buyers only Property was previously rented for $500 monthly. It will need the following to be rent ready Roof is leaking in 1 spot and will need to be repaired. As a result cieling drywall and laminate wood flooring in the kitchen will need to be repaired / replaced. 3 windows have broken glass that needs to be changed Houses is boarded up for security. RE Taxes $1,001.42 Estimated insurance $400 If this was rented again for $500 it would produce 13.1% cash on cash return. (Based on a $5,000 repair estimate) Rental comps 1152 Steele St. Rented for $535 227 Wall St. Rented for $550 910 Sanborn St. Rented for 535.00
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