$OLD Landlord investors looking for solid cash flow and minimum rehab this 2Bdrm/1bath bungalow has great bones and can be yours at 60 cents invested on the dollar. Low crime rates and right off bus lines, great for open or Sec8 market. Fenced in yard with new roof in 2001, newer replacement windows and vinyl siding on the exterior makes this low maintenance. Inspection shows new or newer Goodman gas furnace, with A coil intact, and needs line set & exterior condenser unit replaced. Appears to be hardwood flooring in living room under existing flooring. Appliances stay with this home that is on partial basement/crawl. Back yard as room for gravel parking to be added. Additional Description Today’s market conditions ARV’s often difficult to interpret and is highly subjective. Estimated ARV has put this at between $28~$30,000 with $38/sq foot. 2011 NATV at $29,800 would yield about a $29% equity spread. No MLS history shows for this property. Repairs Property has been vacant for over 6 mos from last tenant. Rehab estimates should be in the $9 to $11k range, including complete rehab of kitchen & bath. Replacement of stolen A/C condenser, minor mold in basement, patch paint and flooring. Minor repairs to siding, landscaping and fence repairs. (Rehab detail estimate available on request & always do your own Due Diligence) Rents/Cash Flows Rent-O-Meter.com shows that Rents average $600/mo., using other sources including BLC/MLS a blended rent rage confirms the $600 mark, which is what we are using. Using $600 a possible projected cash flow would be over $300/mo. Depending on financing and reserves. Property appears to have lower taxes and show only at $339/Semi-Annual which includes water & sewer. Property Solutions Resource "Improving neighborhoods, one house at a time" Mobile 317-529-5633 Email: PropertySolutionsResource@Gmail.com (Sorry but my website is having some technical issues, so email or call, YouTube video available)
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