Act Fast! This won't last long. The first one with a signed contract and $2,000 earnest money gets the deal.Annual Taxes: $1600 (roughly) Rent Amount: $1,250 Repairs Estimate: $30,000 - $40,000 (rehab for rental only)Total Investment: $55,000 (worst case)Yearly Income: $15,000Insurance: $1200Vacancy & Mainenance: $1560Taxes: $1600Total Expenses: $4160Net Total: $10,900Cap Rate: 20%To see pictures, go to this link: needs landscapingsiding and roof is good, needs guttershas new windows, several needs glass replacedkitchen and bathrooms need to be updatedneeds new doors throughout the houseneeds electrical panelneed plumbing throughout, pipes have been ripped out basement is finished, has signs of mold in certain areas, ceilings are high (8ft) the main floor - 2bd, 1ba, Dining Rm, Porch, Living Rm, & Kitchen2nd floor - sitting room area, 1 bedroom front stairs need to be repaired gate around property needs repairs. no a/c unit no furnace, no water tank. Proof of funds required for viewing.Buyer responsible for survey, inspections, escrows, transfer stamps (if applicable). Sold as is, no survey, taxes prorated at 100%. Proof of funds or pre-approval required with all offers. Please do your own due diligence. Deposit Required. If you are interested, make an offer or feel free to contact us with any questions. Do you know someone that would buy this deal?
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