Block construction built in 1953. The home sits on two lots so there is plenty of room to add a garage or to play. After "Charlie" roof and septic system(brand new lift station tank). Wood walls and ceilings in main section. originally a one bedroom, but a large room was added and has been used as a bedroom but current use is a family room. Three window a/c systems with remotes. 18 inch porcelain tile everywhere but the bedroom. Updated electrical breaker box and updated plumbing. Home has city water which costs about $24 a month. Taxes around $700(less if you homestead).Some windows could use some repair. Owned as a rental unit with just one tenant since 2009. Great first home or rental again. Cash only sale. Owner related to the listing agent. Capitalizaton Rate Calculator for Rental Property Property Purchase Price $41,500 Revenue Monthly Annually Gross Rent $525.00 $6,300.00 Expenses Monthly Annually Taxes $62.50 $750.00 Insurance $33.33 $400.00 HOA $0.00 $0.00 Management *(1) $0.00 $0.00 Repair/Maintenance *(2) $25.00 $300.00 Total Expenses $120.83 $1,450.00 Net Income $404.17 $4,850.00 Capitalization Rate (3) 11.69%
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