This charming 2BR, 1BA has just been
COMPLETELY RENOVATED,
is in perfect shape and is move-in ready.
•
New Bathroom
w/Ceramic Tile & New Fixtures
•
New Kitchen with
Ceramic Tile
•
New Windows
•
New Water Heater
•
New Central Air
(one of only 3 houses on the block!)
•
New Laminate
Flooring
•
New Carpet
•
New Paint
Throughout
•
New Ceiling Fans In
All Bedrooms, Living Room, & Dining Room
•
Many More Upgrades…
We're offering this house for cheap to ensure a quick sale and
free up cash for new purchase/rehab projects in the neighborhood.
Other houses two blocks away on Kirkwood St that just appraised at $65,000,
a house one block away on 9th St. appraised for $70,000, and
another one block away on Spruce St. that just appraised at $68,000. There’s
no appraisal on this house, but there’s a tremendous amount of equity left
on the table for the buyer as it’s priced for a quick sale and a deal can be
struck!
For fellow investors, here are the numbers …
•
Rent $750 - $800 per month
(area average)
•
Mortgage
$179.87/
month
(based on 20% down and a 6% interest rate)
•
Insurance
$33/ month
(based on current rates with State Farm)
•
Taxes $75 per month
(current assessment)
•
Management Fee
(if you use one)
approx $75/month
•
MONTHLY CASH FLOW: $ 437.13 - $ 387.13
This property is expected to appraise for about $60k (slightly less
than others in this area but only because of its slightly smaller square
footage) which will leave you $20,000 in equity!
With all that cash flow, and the instant chunk of equity, you’ll be
hard-pressed to find a better deal in the city!
CALL NOW!
(302) 545-3135
or email us at
info@commoncentsproperties.com
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