We have more turn-key Section 8 rentals! this one is a cute 2 bedroom, 2 bathroom siding Ranch style home. Its currently rented to a section 8 tenant for a whopping $1070 a month! Tenant takes good care of the property and are on annual lease. If you own section 8 rentals this is a no brainer! Again, with the cheap property taxes and guaranteed rent you are getting great ROI! Estimated ROI Purchase Price - $39,900 Rent - $1070x12 = ;$12840 Estimated Property manament - $107x12 = $1284 Estimated Insurance - $600 Property taxes - $261 Estimated Net rental inome - $10695 Estimated Net ROI - $10695/$39900 = 27%
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.
