This property is prepped and ready for finishing touches! Demo completed, just needs $27K in repairs.Β Perfect for Section 8 with a rental potential of $1,450/month which ensures reliable income! Donβt miss out!Β
Financial Analysis
- Property Price: $135,000
- Down Payment (20%): $27,000
- Loan Amount $108,000
- Interest Rate: 6.5%
- Loan Term: 30 years
- Monthly Rent: $1,450
- Monthly Mortgage Paymentβ $683
- Property Management Fee (8%): $116
- Annual Taxes: $2,000
- Annual Insurance $1,200
- Monthly Maintenance (5%) $72.50
- Monthly Vacancy (2%): $29
- Total Monthly Operating Expenses: $484.50
- Total Monthly Expenses: $1,167.50
- Monthly Cash Flow: $282.50
- Annual Cash Flow: $3,390
Cash-on-Cash ROI: 12.56%