For Sale: Charming Home in Established Neighborhood - Excellent Buy-and-Hold Opportunity! Welcome to this delightful property located in a well-maintained and established neighborhood. Offering a range of possibilities, this home presents an ideal investment opportunity for those looking to add to their portfolio. Key Features: Prime Location: Situated in a desirable, well-established neighborhood, this property benefits from a sense of community and convenient access to amenities such as schools, parks, and shopping centers. Sold As-Is: This home is being sold in its current condition, allowing buyers the opportunity to personalize and customize it according to their preferences. Rental Income Potential: Currently, the property generates $1,170 in monthly rent, resulting in an annual rental income of approximately $14,040. This exceptional rental income significantly surpasses the 1% rule, which suggests that the monthly rent should be at least 1% of the purchase price. With a purchase price of $65,000, this property offers an impressive return on investment (ROI) of approximately 21.6%. It's important to note that these figures do not include the fact that the property is currently rented below the Fair Market Rent rate of $1,330. This presents an even greater opportunity for potential buyers to increase their rental income and enhance the return on investment (ROI) further. Spacious and Versatile: With 3 bedrooms, 2 bathrooms, and 1,560 square feet of living space, this home offers ample room for comfortable living. The nice backyard adds an additional outdoor space for relaxation and entertainment. Future Flip Potential: Once the current tenant's lease ends, this property could also be considered for a potential flip project, allowing buyers to maximize their investment and customize the home to meet their vision. Please note: The tenants are currently residing in the property, and we kindly request that you refrain from disturbing them. To ensure a smooth process, serious buyers will be required to provide earnest money as a demonstration of their commitment and eligibility to view the property. Serious buyers looking for an exceptional buy-and-hold opportunity or a potential flip project will appreciate the numerous advantages this property offers. With its prime location, strong rental income potential, and the possibility of raising rents to the Fair Market Rent rate, this home presents an enticing investment prospect. Contact us today to schedule a viewing and learn more about this appealing property and its impressive return on investment potential.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
