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 GREAT CASH FLOW PROPERTY

  • House
    768 square_feet
    bedroom 2 Bedrooms
    bathroom 1 Baths
  • Flip/Rental
    $38,000
    Status : Available
    Year Built : 1953
 Description
Address:112 N Garden Ave,Siler City, NC 27344 DETAILS: 2 beds, and 1 bath. built: 1953 Sqft: 768 2007 - New roof,new vinyl sidings and new windows. It has central air. town turned gas off. HVAC - they don't use it. Tenant: Current Rent Amount: $450.00 a month Currently No Lease, month to month Tenants been there for 15 years. You can raise the rent amount. No recent rehab in this area in this house size. Most house are sold as is condition. You can invest about $10,000 to $15,000 and get about $70k to $80k in return. Or invest about $5k to $10k and keep it as a rental property. Most of these house in this area is cash flow investment properties. Thanks. Shariful Islam
 Rehab Work Needed

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 General Amenities

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 Summary

Overview
GREAT CASH FLOW PROPERTY Flip/Rental
$38,000
Property ID: NC200591045
Address: Login to View
City: Asheboro
State/Province: NC
Zip Code: 27344
Country: USA


Rental Analysis

+ Purchase Price: $38,000
+ Purchase Closing Cost: $1,140
+ Rehab Cost: $0
Total Acquisition Cost: $39,140


Monthly Rent: $0
+ Annual Potential Rent: $0
- Vacancy (3%): $0
Annual Gross Income: $0
Annual Gross ROI: 0%


Flip Analysis

+ Purchase Price: $38,000
+ Purchase Closing Cost: $1,140
+ Rehab Cost: $20,000
Total Acquisition Cost: $59,140


+ Selling closing cost: $2,700
+ Agent Commision : $2,700
Total Holding Cost: $5,400


Total Flip Cost: $64,540
Projected ARV: $90,000
Net Income (Profit): $25,460
CAP Rate: 39.45%

 Message

4 X 7 = ?