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favorite this post $19000 / 3br - 1100ft2 - Investment property, great buy and hold property (Anderson sc) hide this posting unhide

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3BR / 1Ba 1100ft2

house

Income Breakdown
$550.00=Monthly Income
$550.00x12=$6,600 Yearly Income
EXPENSES
Taxes’s=$600
Maintenance =$600
Vacancy =$600
Insurance =$600
Total Expenses =$2,400
$6,600
-$2,400
=$4,200 Net Yearly Income
$19,000 Purchase Price
+$10,000 Repairs
=$29,000
$4,200/$29,000=14% Cap Rate
ARV=41,000
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