Great investment-Three bedroom ranch, fantastic location, two blocks from seven Presidents Park. Long term tenant in place, pays market rent of $2300. Traditional financing (20% down payment $62,000, $249,000 mortgage @ 4.5%) monthly mortgage (including P&I, property taxes and insurance) $1650. Means your clearing $650/month..$7,800/year which =12.5% Return on Investment (ROI).
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