Rennovation Highlights
- Updated kitchen and baths!
- Drywall repairs and fresh paint throughout!
- New flooring & carpet throughout
- Fresh Interior Paint Throughout
For Sale
Property Overview
Fully Renovated
i Fully renovated is a general marketing term applied for properties which have undergone comprehensive renovation and/or refurbishment improvements. Please review the “Renovation Highlights” and be sure to inquire about specific improvements were completed to properties in which you have interest. Ultimately, you should only depend on your observations and any reports obtained for complete accuracy.1 Year Warranty
i This property is offered for sale in a structured format designed for turnkey property buyers. As such, a 1 year home warranty is included in the price and is currently offered through America’s Preferred Home Warranty (APHW). APHW forms must be included in your purchase-paperwork package in order to apply. Please refer to this documentation for program details.Financing Available
i This property is eligible for financing. You are welcome to use your own lenders (please have a qualified lender pre-approval ready), or ask us for our preferred lenders and we are happy to provide a referral.
Property Features
- Projected rent of $1,600/mth
- Large lot and nice backyard
- Excellent, large floor plan
- Fully Renovated
- Appreciating Values!
Property Highlights
- $19,200 Projected Gross Income!
- A-class Investment Property
- Buy w/ as Little as 15% Down!
- 1 Year Home Warranty
- Incredible Cash on Cash Returns!!
Projected Year 1 Core Financials
(for estimating purposes only)
Monthly Rent: $1,600
Gross Annual Income: $19,200
Property Tax: $5,290
Property Mgmt: $1,800
Insurance: $500
Projected NOI: $11,610
Direct Price: $139,000
Price w/ Agent: $140,000
20% Down: $27,800
Cap Rate: 8.35%
Cash on Cash: %
Disclaimer: The estimated analysis are presented in good faith and in no way represent a commitment on the part of the Seller(s), or any affiliate thereof, to provide the returns indicated herein. Please be sure to understand the risks associated with investing in real estate and make appropriate assumptions; while 1-year (3rd party) warranties are typically offered as a mitigator for certain expense risks, they should not be a replacement for normal rental property assumptions. Any promotions or other marketing statements must be included in the transactional paperwork associated with the property in order to be valid. Please be sure to conduct your own due diligence and seek your own professional advice.
FINANCIAL PROJECTIONS: Richmond
Direct Offer
$139,000
Price w/ Agent
$150,000
20% Down Payment
$27,800
Preferred Lenders LINK
https://2020realestate.com/how-it-works/
Annual Gross Income
$19,200
Est. Annual Property Taxes
$5,290
Annual Property Management
$1,920
*Rate is for illustration only. Lender fees may apply.
Disclaimer: The estimated analysis are presented in good faith and in no way represent a commitment on the part of the Seller(s), or any affiliate thereof, to provide the returns indicated herein. Please be sure to understand the risks associated with investing in real estate and make appropriate assumptions. Any promotions or other marketing statements must be included in the transactional paperwork associated with the property in order to be valid. 2020realestate.com is not a lender or property owner. Please be sure to conduct your own due diligence and seek your own professional advice.
Resources
Preferred Insurance Provider
Mortgage Calculator