Nice house located in Beautiful Highland Lakes with access to many community lakes. Comes with 3 bedrooms (possible 4th bedroom in bottom fl) 2 full baths. Property has solid foundation, good roof, one updated bathroom and already tiled kitchen floors. Property will need about 10k of minor TLC to get rent ready. If you plan on flipping, it will need an updated kitchen, bathroom, carpet, paint, some moldings, landscaping and updates in bottom floor. House has electric heating baseboards and a propane gas connection to hook up a furnace or chimney. Public water and private sewer, house was built in 1978 and is currently assessment at $218,900. House can rent between $1,200 – $1,500 Taxes are $5,709
Gross Income – $15,600
5% Vacancy – $780
Taxes -$5,709
Insurance – $700
Net Income – $8,411
ROI – 10.5% (return on investment)
Comps:
138 Barry Dr N. Sold for $163,770 on 09/25/15
(1 bedroom less 1 bath less)
70 Cedar Tree Dr Sold for $169,000 on 12/18/15
(1 bedroom less 1 bath less)
8 Rustic Rd Sold for $165,000 on 11/03/15
(1 bedroom less)
49 Cedar Tree Dr Sold for $194,900 on 12/21/15
15 Acorn Dr Sold for $160,000 on 01/21/16
CALL OR TEXT JOHN JARAMILLO
FOR MORE INFO AT
732-630-2627
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.