Description

3br/1ba, 1109 sqft. Cape
Full Basement
Off-Street Parking

Needs Interior Cosmetics, New Roof, and A/C.
Conservatively $10,500.

Equity Profit
$90,000 ARV/FMV
$49,900 Asking Price
$13,000 Repairs
$62,900 Total Investment
$27,100 Gross Equity

Cash Flow Analysis
$825 Projected Rent
$573 PITI ($62.9k @ 7%)
$252 Positive Cash Flow

Capitalization Analysis
$9,900 Gross Income
$1,859 Annual Expenses
$8,041 Net Operating Income
Cap Rate: 13

Comparable Sales
1300 Lenore – 3/1, 979 sqft – $90.0k on 5/22
3257 Medina – 3/1, 1108 sqft – $91.4k on 05/09
3210 Norwood – 3/2, 1173 sqft – $95.0k on 02/29
3051 Hamilton – 3/2, 1109 sqft – $104.0k on 05/06