· Vinyl siding home which was originally built in 1950. The home has 3 bedrooms with 2 baths and has 1,460′ of living space. Sits on an extra large .71 acre lot.
· The home is currently occupied and is rented by a long time tenant at $800/mth. Annual Rental Income $800/mo x 12 = $9600
Current Taxes = $840/yr
Insurance = $600/yr
Prop Mgmt = $960/yr
Net ROI = $7200 / $69,900 = 10.3%
· Tax Value of $18,600 w/ 2018 taxes of $840! Enjoy the solid monthly cashflow and sit back and watch this deal continue to appreciate. Remember house sold back in 2006 for $132k!
