Description
With a price of $289,736, and an average rent of $1,018, measures of investment performance include a GRM of 11.86, a before reserves cap rate of 6.21% , a cash on cash of 8.56%, and an after tax Internal Rate of Return (IRR) of 14.90%. If rents are raised to the market average of $1,148, measure of investment performance improve to a cap rate of 6.97% and a cash on cash of 11.57%.New windows for front house have been ordered and should be installed mid to late April.
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3BEDS
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0.16ACRES
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0BATHS
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01/2 BATHS
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1,450SQFT
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$200$/SQFT
School Ratings & Info
Description
With a price of $289,736, and an average rent of $1,018, measures of investment performance include a GRM of 11.86, a before reserves cap rate of 6.21% , a cash on cash of 8.56%, and an after tax Internal Rate of Return (IRR) of 14.90%. If rents are raised to the market average of $1,148, measure of investment performance improve to a cap rate of 6.97% and a cash on cash of 11.57%.New windows for front house have been ordered and should be installed mid to late April.
IDX information © 2021 The Southwest Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by The Southwest Multiple Listing Service or Sandi Pressley Team | Coldwell Banker Legacy. Data last updated: 2021-05-13T00:04:53.727.
Listing courtesy of Nm Apartment Advisors, Inc.. © 2021 Southwest Multiple Listing Service, Inc.