Turn-Key rental property. Close and Cash Flow Day One! 2 Bedroom, 1 Bathroom CBS home with concrete tile roof and original hard-wood floors. They don't build them like this anymore! Electric panel has been upgraded to 100amp GE panel in 2018, water heater replaced in 2014, wall/window AC units <1 year. LOW MAINTENANCE. Washer and Dryer Hook-Up in detached shed. Tenant pays $1,250 per month and all utilities. Lease expires 8/31/2020. Full security deposit will be transferred to Buyer at closing. Pro Forma Cap Rate of 7.75% (with projected tax increase included); Return on equity as high as 16% with conventional financing.
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