This property was originally planning to be sold turnkey lite, but now the property is being fully rehabbed so will be sold as a turnkey property (despite the comments in the video). A recent comp suggests this property should appraise well above asking price, and the property manager just confirmed a $1700-1800 rent estimate, but $1600 is being used in the numbers to keep it conservative.
Price $199, 000
$353/month cash flow after mortgage
9.91% cash-on-cash return
Disclaimer: All information contained in this video is deemed reliable but not guaranteed. No warranties are made as to the accuracy of any descriptions and/or other details regarding the specific property presented and I make no guarantee, warranty or representation as to the property, seller, or the current or future performance of the property.
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