We have a condo that will be renovated and ready for move in July 21st
we are looking to pre-sell. It=92s by BSU in a nice complex with pool
appraisal is around $135,000 according to our wholesaler to be
verified by sold comps as usual. Our price will be $115,000 2 bed 1
it hasn=92t started being remodeled as of yet but the plans are new
paint bathroom, kitchen cabinets, appliances will not be included.
It already has new furnace n heater new carpet. It=92s about 880 square
ft with a 2 car garage and we are looking at about $800 to $830 per
month in rents. If you are interested or know someone who is let me
know and we=92ll get it going. This is not on the MLS we take title
Thursday so if your looking to get in pre-rehab let me know as well.
Location: Boise, Idaho
Monthly Rent $800
Annual Rent Growth Rate 5.0%
Vacancy Factor 5.0%
Expense Estimates
Property Management Rate 7.0%
Utilities per month $0
HOA per month $11
Other expenses per month $0
Annual Insurance cost $600
Property Tax Rate 1.40%
Re*****sment interval (years) 5
Maintenance Reserve % 1.0%
Post-tax cash flow Total return Return if Sold Percentage return if
sold
3 -year $2,509 $22,476 $14,258
57%
5-year $6,348 $43,244 $34,010
136%
This is in addition to the $20k in instant equity!
Call (208) 703-7307 or Email william@[EMAIL PROTECTED]
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