This home is currently rented at $550/mth. $550/mth X 12 mth = $6,600. $6,600-$2,400 estimated repairs = $4,200. $4,200 / $20,000 purchase price = 21% ROI.... $550 / 2% = $27,500. We are $7,500 less than the 2% rule.
This home can be bought individually or it can also be included in a package deal if you are looking for a package or rentals. Please see attached list of other properties if you are interested in a package deal. Please run your numbers and do your diligence before making offers. Sorry, but no showings until we have a contract that is contingent on your viewing because we do not want to unnecessarily disturb the tenants.
Listing courtesy of Welcome Home Realty Group, LLC