-Homes are nicely rehabbed, passed occupancy, and are rented to qualified tenants. -Homes are in solid neighborhoods, have 2-4 bedrooms and are priced well below retail value. -This portfolio generates a gross monthly income of $28,230 and gross annual income of $338,760. -Net monthly income is $17,631 (annual income $211,575) after owner paid fixed expenses and 25% offset for vacancy and maintenance. -The entire package can be purchased for $1,999,999 (above a 10 cap) -More detailed information for each property along with pictures can be provided upon request. -Tenants pay water, sewer, trash and are responsible for taking care of the lawn.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
