This property is being sold with all required property inspections from the City, Rental Assistance Agencies and Local Municipalities completed and passed. PROPERTY AMENITIES: •New 30-Year Architectural Roof •Vinyl Siding •Newer Reconditioned Furnace •Brand New Electrical Service •Freshly Painted Interior •Brand New Water Service •Remodeled Kitchen •Remodeled Bath •Brand New Plumbing •Large Master Bedroom RENTAL INFORMATION: Tenant is on a new one year lease and pays $700 a month. Tenant paid a full cash security deposit equal to one month’s rent prior to moving in. Current Property Manager will stay on at New Owner’s request. MONTHLY EXPENSES: Property Taxes-City & County....$52.89 Insurance.... $40.00 Water....Tenant Responsible Sewer/User Fee....$30.00 Lawn....Tenant Responsible Snow Removal....Tenant Responsible Gas/Elecric....Tenant Responsible Property Management....Optional (10%) TOTAL MONTHLY EXPENSES....$122.89 RETURN ON INVESTMENT (Cash Purchase): Rental income:....$700.00 Expenses:....$122.89 Total Monthly Positive Cash Flow:....$577.11 Annual Positive Cash Flow:.... $6,925.32 Annual ROI: 18% Get your entire initial investment back in under 6 years!!
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.
