Fountain Square two bedroom, that’s prime for amazing Cash Flow. This is two houses down from new development and a two minute walk to the wonderful restaurants on the Historic Fountain Square strip.
REPAIRS: repair cost estimate = $10k. New carpet and floors, replace appliances, fresh paint, new windows, exterior soffit repair, replace central AC unit, some roof repairs, kitchen and bath updates (possible).
RETURN ON INVESTMENT: The median rent for a 2 bed, 1 bath is 625 per month. With an upfront investment of $25,900 (principal, repairs, closing costs), rent at $625 per month and a vacancy rate of 13% you will see income around $6,560. After expenses (taxes, insurance, maintenance, and property management) costing $2,530 you should see a Net Operating Income around $4,030. Calculate the Cash-on-Cash return for year one around 15% (This doesn't include any tax deductions or tax benefits).
This property is prime for cash flow, don't let these investments sit any longer, the longer you wait the less you make. Call Now!
Repair Estimates are our best guess on rental quality repairs; this is not a retail flip repair estimate. Please seek professional advice.
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