With a Little TLC this would make a GREAT rental OR home for yourself! Asking: 153k Property Profile 738 nelson dr Square Footage 2271 Year Built 1993 Bed/bath/garage 4/2 Subdivision stonewood Annual rental income $18,000 Net Rental income $8,336.64 annual Taxes $3,316.00 ARV $170,000.00 Repairs needed: floors, panel box, 2 AC units, paint and carpet, kitchen sink Estimated cost $15000 Water heater burst last year. Has since been replaced. Seller has insurance claim of around 19k that will be released upon purchase. Rental Numbers: Monthly Income: $1500 NOI: $695 Cash Flow: $695 Cash on Cash: 12:41% Cap Rate: 4.90% GRM: 9.44 Link to first floor video below https://drive.google.com/open?id=0B7afT9nwedRrLXZiaEpzYXBFR0U
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