This is a great rehab opportunity. Fix and Flip or Fix and hold on long term.
This is a great rehab opportunity. Fix and Flip or Fix and hold on long term. Sold
- $7,000
- 2 beds
- 1 baths
- 700 sqft
Sold
- Price:
- $7,000
- Address:
- 635 East St.
Depue, Il 61322 - Square Feet:
- 700
- Lot Size:
- 50' X 100'
- Bedrooms:
- 2
- Bathrooms:
- 1
- Terms:
- For Sale
- Property Type:
- Home
- Const. Type:
- Frame
Additional Features
635 East St. Depue Il 61322 Fair Market Rent $550.00 Acquisition Cost $7,000.00 Materials $15,000.00 - $20,000.00 (will use the 20K figure) Holding Costs $1,000.00 Taxes $450.00 (will go up to about $900.00 in two years) $75/month Insurance $50/month Property Management $55/month Fair Market Rent $550.00 – Monthly expenses $$180.00 = Net cash flow of $370.00 per month N I PV PMT 120 10 $28,000 $370 So, figured over 10-year term you receive 10% payout on your money. If you do not sub out the property management a greater return yet.