Cap Rate at 7.43% at Starting Price
Tenant in Place on 2 Year Lease w/ blended rate of $2850/mo
Lease Expiration April 2028
Tenant has excellent credit (820 Range)
Over $100,000 in Renovation Dollars PLUS over $30,000 in Landscaping
Monthly Rent: $2,850
Taxes (2025): $5700 or $475/mo
Insurance $300/mo
Net Operating Income (Excl V&C as it’s Occupied): $2,075 x 12 = $24,900
Cap Rate: 7.43% at Starting Price
Property Details:
- A/C Only 4 Years Old
- Huge Lot on Cul De Sac with Large, Mature Trees (Approx 1/3 Acre)
- New Pex Plumbing
- Virtually Everything is Brand-New w/ Appliances
- New Siding, New Exterior Paint and Designer Entry
- Brand-New Duct Work
Note: Backyard Photos do not reflect current state after landscaping. New Photos Coming Soon!
Note: Cash, DSCR Loan or other approved financing
