Short term Land contract option with $10,000 down. Live in 1 side and have your mortgage covered (live for free while making $). Great opportunity to live in 1 unit and rent the other side and have your mortgage paid for and making residual monthly income. Situated across the street from Evans Stadium and Hayward Middle School. Watch the Friday Night Lights from the front porch. There is also a baseball field there as well. 1747 is move in ready and 1745 side needs some clean up before it can be rented. There are hardwood floors under the carpet which can be possibly restored or painted. Kitchens have been recently upgraded. Lots of pex plumbing updates, upgraded electric, water heater and furnaces. Can be rented for $550 per side. Move in ready right away. Your mortgage could be $300-$350 per month and if you rent the other side for $550, your mortgage is covered, you live for free and are making $200-250 per month or $2,400-3,000/yr. Or, rent it out for $550 per side = ($1,100 x 12 mo) x 0.5 expense ratio (taxes, insurance, repairs, vacancy, etc) / ($40,000)=16.5% cap rate. Either way, it makes sense.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
