New Income property

Here is a new income property that needs no construction. This property is located in a desirable area and will get around $1000 per month in rent.  Lets look at the description of this property;

 Very attractive 4-bedroom Cape Cod with lots of light on a quiet dead end street. 2 full baths nicely updated. Brand new stove and built-in microwave. Dishwasher & Garbage Disposal. Lovely cabinetry and first floor utility/laundry off the eat-in kitchen. New carpet(2015), paint (2015), and fixtures (2015). Newer 2-1/2 car garage with opener. Backyard fenced in completely with privacy fence and gate. Newer roof, windows, doors (including storm doors) and driveway along with slider to patio.

As you can see a home warranty and a great tenant will get you consistent checks.  This one may also be a great lease option candidate.  Here is how that would look.

This is what I would see in a Lease Option package . $2000 Down Option sale price $100,000.  That would get you a profit on the sale of the home and a great income.  Lets look at the Approx income numbers

Cost of Home__________$82,000

Rent_________________ $  1000

Taxes_________________$   198

Property management____$   100

Insurance______________$    60

Net income____________$   642

If you decide to lease option this property you will also have $18,000 gross profit there.  As you can see this property has a very nice return.  Please call Brett 216-703-5740 Coldwell Banker to get more information.






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