Structurally, the roof on this property is sound, perhaps 12 years old. The furnace is a new used furnace perhaps 6 years old, but installed 2 years ago. The property lists as a 2 bedrooms and 1 bath, and has a loft-type open area on the 2nd floor. This property rents for 600 and is currently vacant. This property has passed HUD codes for 3 consecutive years and is SECTION 8 READY Fair Market Rent $625 x 12 months = $7500 Expenses: Annual taxes = $630 Annual Insurance = $585 Yearly Water = $525 (avg) Since the renovation of this property in 2011, there has been very minimal expense such as touching up exterior paint in preparation for Section 8 inspection. The cost for this repair was $150 in June 2014. Recap: Gross Profit = $7500 Total Expenses= $1890 Net Profit= $5610
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.
