Buy & Hold Investor: Looking For Passive Income? Don’t Look Any Further–Currently Rented To A Long-Standing Tenant Who Wants To Remain In Place. Home Recently Passed Section 8 Inspection. Housing Assistance Payment Amount is $1266/Mo.
- Come in the door without the headache of finding a tenant
- Home needs no work– Mechanicals Functional | Solid Foundation & Roof
- Tons Of Equity
- Begin Cash Flowing Right Away
The Numbers:
| ARV | $205,000 |
Comps: Recent Sales
| Contract Price | $85,000 |
| Assignment Fee | $5,000 |
| Rehab Costs | $5,000 |
| Closing/Holding Costs | $15,000 |
| All In | $110,000 |
| Net Operating Income/Cap Rate | $851/10.5% |
| Monthly Cash Flow | $503 |
See below for a detailed purchase assumption breakdown of Expenses and Cash Flow
Buy & Hold: Total Expenses/Cash Flow
Please contact Dave Smith at (708) 929-1956 or reply to davesmith@theequitablesolution.com
with any questions or for inspection details.
Details of the house in description according to the homeowner and public information (please do your own due diligence).