Now is the time to jump on this super cute investment property! Mostly maintenance free exterior! Public water, public sewer. Most investors know that any investment property that generates a 10% cap rate or better is just a "buy it!" opportunity. This property generates an 11.21% cap rate. This home was just rented in May of 2021 & the lease expires 5/31/22. The rent is $600/mo & the security deposit held by Target Investments is $600. For an investor it's as easy as can be! This home has an updated kitchen, an update full bath & the refrigerator & the stove are included in the sale. Tenants pay all utilities. The roof is asphalt shingle & the furnace is a gas boiler. The water heater is a 30 gallon water heater. Don't miss out on this great opportunity. Insurance cost $148/yr. Maintenance $750/yr. Vacancy Factor 5% = $360/yr. Codes inspection $195/yr. Taxes = $1,609/year. Total income $4,138, Total expenses $3,062. Total cap rate of 11.21%.
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