Block duplex, conforming structure is in great shape. Will need some TLC to get this one rent ready, basic cosmetics, flooring, paint, one kitchen. Great investment. ROI as rental:Purchase Price: $44,000Repairs: $10,000Estimated Rent: $500/mo.Net Operating Income: $10,400 = Yearly rent ($12,000) - Taxes ($600) - Insurance ($1,000)Cap Rate: 19.3% = NOI ($10,400) / Purchase Price ($44,000) + Repairs ($10,000)
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