* Current tenant in the process of moving. Property delivered vacant at closing. * 5814E, 5825C, 5814C Hunting Ridge Lane are the only units on the market. All are for sale at $44,900 * Property needs minimal repair to be rent ready. Door frame repair and minor cosmetic repair on downstairs ceiling. * Should rent quickly for at least $750 * 5829F Hunting Ridge Lane rented for $775 on 12/08/14 * 5807A Hunting Ridge Lane rented for $750 on 02/23/15 * Property Taxes are $503 a year or $42 a month * HOA fee $179 per month as of 6/1/15 * So $750 - 179 - 42 = $529 * $529 X 12 = $6,348 Annual return on investment * $6,348 Divided by $24,900 = 25.5% Cash On Cash Return! * Property Set up like a Townhouse, but governed as a condo. * Cash Offers Only
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