Duplex with Profits and long-term tenants. Rent pays off the mortgage, giving you a free money-making house. Off-street parking in the back and some in front. Each unit has 2BR/1Bath/Kit/LR. Yard maintained by tenants. Save realtor fees and get a great investment. Lots of recent updates, doesn't need anything. Put in new doors, gutters, and fence. Great investment property, with excellent positive cash flow. Positive Income Facts: Current Rent: $1050/month Buying Price: $124,900 Mortgage (principal and interest) for FICO of 750: $591 Taxes & Insurance: $1,464.74/year or $122.06/month Water & Sewer (Landlord Pays): $69.69/month (based on last 6-months bills) POSITIVE CASH FLOW: $1050 - $591 - $122.06 -$69.69 = $267.25/month. Profit $267.25/month or $3,207/year. This means the tenants are paying your mortgage, and you are making $3,207 profit each year or $32,070 in 10-years. You also get tax benefits that reduce your taxes to the government, real estate is the best investment to make you a millionaire. Buyer's Realtor commission 3%.
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