-PRICE JUST REDUCED!!! Investors looking for solid cash flow and minimum sweat equity this 3Bdrm/1bath is ripe for the picking! New roof in 2006, newer replacement window & doors. Newer kitchen cabinets & counter top, tiled entry & bath, hardwood flooring in living room and hall way makes for low rental maintenance. Appliances stay with this home is on slab with pull down attic storage. Fenced in yard with backyard parking. Additional Description Today’s market conditions ARV’s often difficult to interpret and is highly subjective. This one is really difficult but by using several properties that are within less than ½ of a mile and within a 5 yr age different, conflicting amounts show from $14~28/sq foot and since this is such a wide variance we are using the NATV of $21,700 as ARV. So this would give this about a $29% equity spread. MLS history shows property sold for $8k in 2007 before rehab was done. Repairs Property is Occupied by seller, and there for rent Ready for most investors. Estimate on change over repairs at $4,000 or less including adding Central A/C with minor parching on ceiling and closet door replacements. (Rehab detail estimate available on request) Rents/Cash Flows Rent-O-Meter.com shows that Rents average $695/mo., using other sources including BLC/MLS a blended rent rage for 3/1’s shows more like the $625~650 which is what we are using. Using $650 a possible projected cash flow would be WITH REDUCED PRICE over $350/mo. Depending on financing and reserves. Property appears to have lower taxes and show only at $254/Semi-Annual. 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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