Solid 2br/1ba block house. Easy rehab, only very minor cosmetics needed. Cap Rate as rental: 13.4%Net Operating Income: $8,170Gross Income: $9,600 Gross Income ($9,600) = Market Rent ($800) x 12 monthsNet Operating Income ($8,170) = Gross Income ($9,600) - Insurance ($800) - Property Taxes ($630)Cap Rate (13.4%) = Net Operating Income ($8,170) / Purchase Price ($59,000) + Repairs ($2,000)
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.
