15% CAP rate for landlord buyers on this property. Use or rent out the extra garages. Double lot!
This property has everything going for it... small house on a double lot, 4+ covered parking spaces, easy to rent out and keep rented.
15% CAP rate using the following numbers:
$38,500 purchase price $10,000 wholesale $15,000 rehab budget Rent house for $995/mo Rent out one of the garages for $150/mo for storage
Rents in the area run $950-1200 for 2BR.
Quiet dead-end street on the north edge of town.
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15% CAP rate for landlord buyers on this property. Use or rent out the extra garages. Double lot!
This property has everything going for it... small house on a double lot, 4+ covered parking spaces, easy to rent out and keep rented.
15% CAP rate using the following numbers:
$38,500 purchase price
$10,000 wholesale
$15,000 rehab budget
Rent house for $995/mo
Rent out one of the garages for $150/mo for storage
Rents in the area run $950-1200 for 2BR.
Quiet dead-end street on the north edge of town.