Instant Equity! Light Rehab Opportunity! Mabelvale AR 23001 Gravel Ridge Road Mabelvale AR 72103 Bedrooms: 3 Baths: 2 Occupancy: vacant Layout: rancher Sq Footage: 1,344 Year Built: 1986 Located in Mabelvale, AR this 1,344 sqft single family house is ready for a face lift. The property needs some interior updating. Good bones. See pictures for more details. Repairs/Updates: paint, carpet, exterior updating, interior cosmetic updating. Contact me to view my house at (215) 315-3839 If you are a real estate investor looking to buy and hold this property then below is some analysis: Purchase Price: $15,000 Estimated Repairs to get highest rents: $20,160 Reinstatement Costs: $0 Transfer Tax: $50 Closing Costs (sale): $300 Buyer's initial investment: $35,510 + Monthly Rental Income: $700 - Vacancy Reserve: $70 - Monthly Real Estate Taxes: $24 - HOA Fees: $0 - Insurance: $67 - Property Management: $0 - Utilities: $0 - Reserves for Future Repairs: $70 = Net Monthly Operating Income: $469 Your Annual cash return: 15.9% Call me for Access: If you don't have the money to buy the house, I am willing to do owner financing.
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