InvestorsHere is another kickin' smokin' killer deal for ya!It is a 3 bedroom, 1 bath home with 1,458 sq ft. The exterior has vinyl siding and a roof that looks to be fairly new and in good shape. Front porch shows no signs of settlement or cracking and the inside is solid.The property was built in 1940 and will need some updates inside. Mostly cosmetic. Repair/replace paneling, paint, carpet & vinyl. I would not anticipate this rehab as very extensive, maybe 5-7k and you will have a great 3 or 4 bedroom rental.Rent comps in this area are $650-$750 depending on the level of your rehab.So lets run the numbers:Purchase Price: $12,500 Closing Costs: $ 500 (approx) Repairs: $ 7,000 Taxes & Insur: $ 650 Total $20,650Annual Rental Income: $7,800 (conservative at $650x12)That gives you an incredible return on investment of 38%. That also means you have your initial investment back in 3 years or less and then this property is a CA$H COW forever kicking off 8-9k a year as rents increase.Property Inspection Video CLICK HEREInvestors, don't drag your feet on this one, it is priced to move. It's cheaper than any REO property you will find on MLS today! Call right away! (423) 475-7777David Visit www.ChattanoogaPropertyLiquidators.com to see more dirt cheap houses like this one
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