Photo 1 of 5
$36,000
Sold on 6/30/15
| Beds |
Baths |
Sq. Ft. |
Taxes |
Built |
| 3 |
1.00 |
780 |
|
1970 |
|
On the market:
41 days
|
View full details, 15 photos, school info, and price history
INVESTOR OPPORTUNITY W/LONG TERM TENANT...$500 a month lease expires JUNE 2016...Tenant has indicated they would like to stay past June 2016...Full brick...3 bedrooms / 1 bathroom...Combination living / dining room...Kitch w/new stove...Hardwood floors...Public transportation within walking distance...Estimated Cap Rate 9.75%: $500 rent TIMES 12 =s $6000 gross rent TIMES 65% (maintenance / vacancy factor) =s $3900 net rent DIVIDED BY $39,995 list price =s 0.0975 or 9.75% estimated cap rate.
Listing courtesy of Rufus Hutchinson, Keller Williams South Park
