Turnkey Properties
Property Overview
- Property Type: SINGLE FAMILY HOME
- 2 Bed
- 696 Sqft
- 1 Bath
- 1 Garage
Additional Information
- Cap Rate: 8%
- Current Rent: $1,050
- Cash on Cash Return: 10%
- Current Status: Vacant
- Lease Term: -
- Utilities: Tenant Pays All Utilities
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Renovations
Major Renovations:
Exterior
– Replace rear exterior door
– Replace front exterior door
– Replace Front storm door
– New rear steps and handrail
– Repair front chain link gate
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Garage
– New garage door opener
– New man door
– New junction box covers
Interior
– Paint throughout
– New drywall where needed
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Kitchen
– New kitchen cabinets
– New cabinet pulls
– New dishwasher
– New faucet, sink, p-trap, etc.
– Install insulation in rear wall
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Bathroom
– New bathtub and tub/shower faucet
– New tile tub surround
– New vanity and faucet
– New toilet
– New mirror
– New towel holders
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Electrical
– New light fixtures / exterior and interior
– New switches and outlet
– Removal of all low voltage wiring
– New overhead light in living room
– Smoke and CO2 detectors throughout
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Flooring
– ew 3/4″ subfloor throughout
– New LVP flooring in all rooms
– New baseboards throughout
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Plumbing
– Replace all drains
– New stack
– Replace all water supply lines
– Replace all shut off valves
– New HWT
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Misc
– Replaced 7 interior doors and hardware
– Install closet rods where necessary
– Install vapor barrier in crawl space
– Install covering for 2 crawl space openings
– New mailbox
– New address numbers
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HVAC
– New furnace
– Replace/repair duct work where needed
Pro Forma
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Property Management
Buying Options
Cash and most financing (including DSCR, SDIRA, etc.). Referrals for lenders available upon request.
$1,000 seller credit toward interest rate buy down.
