Cash Cow
*** ********* ***, ********, AL
16.86% return
SP:
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Property Description

Insane investment. Package of 6 houses. Potential to generate 16%+ net returns on investment. Renovation and management services are available. Easy to manage. Low expenses. Only $36k per house. Rents in the area are $650+ for 2bed/1bath, $850+ for 3bed/2bath and $900+ for 4bed/2bath. Do not miss out on this amazing opportunity.

Property Information

  • Listing statusActive
  • Property typeMulti Family
  • Total units6
  • Total bedrooms16
  • Total bathrooms8
  • Building size5513 sq. ft.
  • Lot size1.4 acres
  • Year built1936 - 1975
  • County******** County
  • Subdivision********** *********
  • ConstructionCBS, Brick
  • RoofShingle
  • Water sourceCity
  • Water disposalSewer
  • HeatingGAS, Central
  • CoolingWIND/WALL UNIT, Central air

Property Financial Summary

  • Sale price $220,000
  • Estimated rehab 1 $30,000
  • Total investment $250,000
  • Type Proforma
  • After repair value $320,000
  • Potential profit $70,000
  • Gross income (annually) $54,000
  • Operating expenses (annually) $11,847
  • Net income (annually) $42,153
  • Gross return 21.60%
  • Gross income (monthly) $4,500
  • Operating expenses (monthly) $987
  • Net income (monthly) $3,513
  • Net return 16.86%

Property Income & Expenses

  • Income
  • *** ********* ***
  • 3 bed / 2 bath $850/month $10,200/year
  • 3 bed / 1 bath $800/month $9,600/year
  • 4 bed / 2 bath $900/month $10,800/year
  • *** ********* ***,
  • Unit 753 Merwina Ave: 2 bed / 1 bath $650/month $7,800/year
  • Unit 755 Merwina Ave: 2 bed / 1 bath $650/month $7,800/year
  • Unit 757 Merwina Ave: 2 bed / 1 bath $650/month $7,800/year
  • Total $4,500/month $54,000/year
  • Expenses
  • Insurance $325/month $3,900/year
  • Property Taxes $184/month $2,207/year
  • Maintenance reserve $333/month $4,000/year
  • Lawn care $145/month $1,740/year
  • Total $987/month $11,847/year

Property Questions & Answers

Q: How do I make an offer on this property?
A: Placing an offer is a simple process. All offers must be presented in writing with an escrow deposit of 10% or $5,000, whichever is larger. Escrow has to be sent to the attorney or title company who is handling the file for this property. Please send us an inquiry and one of our team members will get in touch with you to further assist you. You can also give us a call.

Q: Does this property come with clear title?
A: All our properties come with clear title. We highly recommend you purchase title insurance as well.

Q: Why is the property address and location information hidden?
A: This property is a premium property and is completely off-market. Full access is available to premium clients only. If you are not a premium client, we require to have an executed non-disclosure agreement on file in order to share the property details with you.

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