Here are the Stats:
3 Bedroom Brick Home
Turnkey- Rented at $1000 a month
Gross Annual Rental Income: $12,000/yr
Yearly Taxes: $2700/yr
Estimated Property Insurance: $1000/yr (*varies based on # of properties insured)
Annual Property Management: $1200/yr
Net Annual Rental Income:
Great! Let's do the numbers:
Gross Return on Investment: 40%
Cash on Cash Return: 24%
This is an excellent deal on its own, but WAIT....The Seller is Motivated.
Here's an excellent opportunity to make a deal, start collecting great rental income and get on the road to becoming an incredible Investing Millionaire!
Letitia Patterson is a licensed Realtor in Michigan. She has sold hundreds of Investment Properties to Investors from all around the world and loves helping them invest wisely for immediate cash-flow, as well as long-term gain. Letitia's mission is to help make Real Estate Millionaires!
Letitia N. Patterson
Cell: 248 506-9426