|4 beds||1.0 Ba||1,600||$50K|
This is a must see Single Family Rental on a quiet street in Fineview that boasts a view of the city that rivals Mt. Washington. The entire street is a revitalized area with multiple brand new homes built and more on the way, including the 2 homes right next door.
3 bedroom 1&1/2 bath just sold on Meadville St. on 5/31/13 for $100,000.
Short list of repairs could include:
1. New roof - $5-$5,500
2. Carpet (to get that new feel) $2k
3. Small section of siding where next door house was
Total repairs = $8000 - THAT'S IT.
$8000 + asking price of $50,000 = $58,000 still provides a 12% ROI as shown below:
Total asking price plus repairs - $58,000
Annual rent - $10800
Annual utilities paid by owner - $600
Annual tax - $1243
Annual insurance - $800
Annual property management - $1080
Annual cash flow - $7077
Annual ROI% - 12.20%
Owner current takes care of the property management himself, but we can get you hooked up with a great and reliable company if you need. A ...(show more) ct quickly on this consistent cash cow in an up-and-coming neighborhood before it's gone!!
Rear deck|Huge finished attic
|Type||This listing is priced|
|Zip Code||63% less than||15212 Homes for Sale|
|Neighborhood||233% more than||Fine View Homes for Sale|
|City||78% less than||Homes for Sale in Pittsburgh|
|County||80% less than||Allegheny County Homes for Sale|
|State||81% less than||PA Homes for Sale|
|Primary School||58% less than||Homes for Sale near King M L Elementary School|
|High School||58% less than||Homes for Sale near Oliver High School|
|Unified School District||73% less than||Homes for Sale near Pittsburgh School District|