Clean 3br/2ba home in centrally located area. Minor cosmetics needed. Priced aggressively for sale. Private financing available — cash offers preferred.
Rent – $9,000.00
Taxes – $660.00
Insurance – $750.00
Property management (optional) – 10% + 1st month rent – $900.00
Lawn maintenance (optional) – $50/bi-weekly – $0.00
Total – $2,310.00
Net: $6,690.00
Total yearly – $6,690.00
Total monthly – $557.50
Price – $29,000.00
Net Cap Rate – 23.07%