Wednesday, February 22, 2012

Special Buy $10,000 Investment Property

This is a great home in Euclid Ohio we just got a contract for $10,000 that's right $10,000. We need to do some mechanical updates like electrical box, steam heater, new roof, new water heater, and some other things. This home is a five bedroom two bath home has two kitchens. The bottom kitchen we will redo and the upstairs kitchen we will make a rec room and leave some cabinets and the water for a wet bar. This home also has a three car garage.

This home with purchase and rehab come in at between $45,000 and $50,000 total investment. The rent in the area is expected to be $1000 – $1050 per month. The net cash flow after property management, taxes, insurance will be $670 plus a month. That's a 17% return on your money. Wow what a great deal!



Call Lori 480-694-3735 if you want to reserve this property

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