Bedrooms: 3 Baths: 1.5 Occupancy: vacant Layout: ranch Sq Footage: 1,693 Year Built: 1978 Acres: 0.20 Heater: forced air Located in Grants, NM this 1,693 sqft single family house is ready for a face lift. The property needs some interior updating. Good bones. See pictures for more details. Repairs/Updates needed: roof, drywall repair, paint, carpet, and some bathroom repairs Contact me to view my house If you are a real estate investor looking to buy and hold this property then below is some analysis: Purchase Price: $27,500 Estimated Repairs to get highest rents: $18,500 Reinstatement Costs: $0 Transfer Tax: $0 Closing Costs (sale): $550 Buyer's initial investment: $46,550 + Monthly Rental Income: $875 - Vacancy Reserve: $88 - Monthly Real Estate Taxes: $81 - HOA Fees: $0 - Insurance: $67 - Property Management: $0 - Utilities: $0 - Reserves for Future Repairs: $88 = Net Monthly Operating Income: $552 Your Annual cash return: 14.2% After Repair Value: $90,000 Call me for Access
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