Friday, July 24, 2009

Landlords This House is a Cash Cow! (Decatur) $33000

JUST LOOK AT THIS PRICE!!! HUGE REDUCTION!!! WHAT AN OPPORTUNITY TO OWN INSTEAD OF RENT! WONDERFULLY PRICED INVESTMENT POTENTIAL! GREAT FAMILY HOME.

This is an all brick ranch style home with two car carport built in 1960 and is in overall good shape. The home sits on a nice lot in a very nice established older neighborhood.

This home offers 3 bedrooms with 1.5 baths and includes a nice patio in the back!

This home needs very little work to be rent ready! The following is estimated repairs to retail: interior/exterior paint - $2000, gutters and downspouts - $750, replace hot water heater - $750, HVAC looks ok, re-finish hardwood flooring and new vinyl - $2000, update kitchen and bathrooms including new appliances - $3500, new front door - $500, update electrical panel box – $750, landscape and misc. repairs - $1500. Total rehab expense to retail $10k to $12k! In order to get house rent ready less than $5k in work required!

Tax value of $95,400! The home last sold for $75,000 on 1/6/98. After rehab I would price house at $89k for quick sale or keep in rental portfolio for future wealth. The neighborhood will easily afford market rents of $800-$850 per month.

Further details get in touch with Kevin morice @: 678-427-7700 www.thisgreathouse.com

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