Listing

Property Description:

Solid brick 4 bedroom, 2 bath home priced under $100,000 with immediate income potential. This property was most recently rented for $1,295 per month, offering a rare opportunity to step into a cash flowing asset at an affordable price point. The roof has been replaced within the last five years, helping reduce near term capital expenses. Based on prior rental history, the property generates approximately $15,540 in annual gross income. Using a conservative 30% expense ratio, the estimated net operating income comes in around $10,878 annually, resulting in an approximate cap rate of 10.8%+ at a $100,000 price point. For leveraged buyers putting 20% down, this deal projects a cash on cash return in the 30%+ range, making it a strong performer for both new and seasoned investors. With durable brick construction, four true bedrooms, and strong rental demand in this price range, this is the kind of opportunity that does not last long. Whether you are looking to expand your portfolio or secure your first investment property, this one checks the boxes. Listing agent is one of the owners.