Asking $ 89,995
Est. Repair $1,200 *
Est. Repaired Value $120,000 **
Potential Gross Profit >>>>$28,800<<<<
A true turnkey investment deal, already with tenant in place on a month to month lease of $1,400. Add this to your portfolio and start earning money from day one. Homes in the area rent for about $1,300 – $1,400 per month. Section 8 pays $1,355 for 4bedrooms in Mount Holly. Taxes for the year are about $2,845. Below is a break down if you decided to rent it.
Gross Income – $16,800
Taxes – $2,845
Insurance – $800
5% Vacancy – $840
Net Income – $12,315
ROI 13.68%
COMPS:
31 Paxson St Sold for $147k on 01/09/17 (2bed 2.5baths 1,080 sqft)
29 Bispham St Sold for $110k on 01/30/17 (4bed 2bath 1,896 sqft)
53 Buttonwood St Sold for $115k on 08/31/17 (3bed 1.1baths 1,682 sqft)
48 White St Sold for $137k on 07/26/17 (4bed 1bath 1530 sqft)
CALL OR TEXT JOHN JARAMILLO FOR MORE INFO AT 732-630-2627
IF YOU NEED FUNDING TO PURCHASE THIS PROPERTY OR ANY OF OUR PROPERTIES, PLEASE GIVE US A CALL AND WE CAN PUT YOU IN TOUCH WITH ONE OF OUR AFFILIATE LENDERS.
SERIOUS BUYERS ONLY PLEASE. Buyer must be purchasing with cash, hard or private money, or line of credit and able to close within (10) days or less. 10% Non-Refundable deposit due within 48 hrs of acceptance. Property being sold “as is”, any and all inspections and certifications, including Certificate of Occupancy will be Buyer’s responsibility. Free and clear title, quick closing offered.
TO MAKE AN OFFER CALL John at 732-630-2627. All information, regardless of source, should be verified by personal inspection by and/or with the appropriate professional(s). The information is not guaranteed. Measurements are solely for the purpose of marketing, may not be exact, and should not be relied upon for loan, valuation, or other purposes. The buyer is responsible at their sole cost and expense to obtain all required permits, approvals, and certificates, including but not limited to the certificate of occupancy and smoke detector certification.
*Estimate repairs are only an estimate, all buyers are encouraged to visit the property with the contractor and gather an estimate.
**After Repair Value is an estimate of what the property can be resold after repairs have been completed. All buyers should perform their own due-diligence.