Wholesale

$750 Income Monthly NOW In Va

209 Holly St, Franklin, VA 23851

$60,000 After Repair Value -
$50,000 Asking Price -
$0 Cost of Repairs =
$10,000 Potential Profit

Property Details

Asking Price $50,000

After Repair Value $60,000

Costs of Repairs $0

Potential Profit $10,000

Living Area 1130 ft2

Property Type Single Family House

Bedrooms 2

Bathrooms 1

Half Bathrooms 1

Parking 0

Listed with Agent No

EPI (Estimated Potential Income)

Potential Rental Income $990

Yearly Expenses N/A

Property Taxes $600

Net Operating Income N/A

Cap Rate 20

Property Description

Already have a tenant which is producing $750 per month Zillow Rent Estimate is $995 per month. Tenant has an existing lease that will end in August 2019. No major repairs needed but could pay around $3000 for repairs to update the home however, tenant is in place and is not asking for any updates or repairs. Tenant pays all of utilities, including water/sewer. Two other rooms in the house act as two bedrooms but they do not have closets. Even city classifies this as a 4 bedroom. Zillow\'s estimate is $58,712.

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Adanna Davis

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