Property Description:
Going, Going. GONE!!!! Move quick on this one, you won't find another one at this price in this condition! Fixer Upper! This 2 Bedroom 1 Bath Ranch Style Home Has Great Potential! Features a one-level floor plan with all bedrooms located in the same area, bathroom has ceramic tile floors, possible hardwoods underneath partial carpet, nice size eat-in-Kitchen and Living Room, Central Air and Heating, Private Driveway w/1 Car Carport, Shed, Patio with Large Backyard. PRICE $34,500.00 Estimate Rehab $14,000.00 Total investment $48,500.00 Monthly Est rent $700.00 Monthly tax expenses from county records $113.33 Monthly insurance expenses $41.66 Monthly mgt expenses (10% of rent) $70.00 Monthly rent after expenses $475.0 x 12 $5,700 CAPRATE / RETURN 11.75%