Great opportunity for investment or starter home. See pictures for more details. updates needed: refinish hardwood, paint, cosmetic updates Call me to visit my house >> # at bottom of webpage If you are a real estate investor looking to buy and hold this property then below is some analysis: Purchase Price: $44,000 Estimated Repairs to get highest rents: $13,000 Transfer Tax: $440 Closing Costs (sale): $660 Buyer's initial investment: $58,100 + Monthly Rental Income: $1,000 - Vacancy Reserve: $100 - Monthly Real Estate Taxes: $160 - HOA Fees: $0 - Insurance: $60 - Property Management: $0 - Utilities: $0 - Reserves for Future Repairs: $100 = Net Monthly Operating Income: $580 Your Annual cash return: 12.0% Call me to visit my house >> # at bottom of webpage
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