Attention investors! This two bedroom 1 bathroom home features a big backyard and rental income of $650 month. While currently occupied with good pay tenants, it can be vacated for owner occupancy. The property has a steady and reliable rental income history. No work is needed, with major improvements last year including new paint, carpet, new washer/dryer and new roof! This house qualifies for 100% financing through Salisbury Neighborhood Housing (owner occupied only) with 5% interest and a standard 30 year fixed rate mortgage the total payment with principal, interest, taxes, and insurance would be under $250 a month! SNHS requires credit score of 650+ Visit their website! For investors, with 20% down (about $7500) and costs of about $2500 your net rent of $400/month returns 30% on your investment. Local banks will loan around 5% for 20 years. Cash on cash return of about 21% Can you beat that!
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