Features:
2-3 beds, 1.5 bath
Built in 1940, 1,287 sq ft
1 car detached garage
Roof has no leaks
Open floor plan
Great curb appeal and flip opportunity!
Rent rate:
$825/mo
Rehab & Expenses:
Full refresh needed including flooring, paint, kitchen update, and basement cleanup.
The more ambitious investor can reconfigure the hallway to have easier access to 2nd bedroom.
Estimate is at 20k depending on your resources.
Semi-annual tax = $500.00
ARV and Return:
$90-95k based on recent solds.
10% CAP and $27k in Profit/Equity!