Turnkey Properties
Property Overview
- Property Type: SINGLE FAMILY
- 2 Bed
- 850 Sqft
- 1 Bath
- 1 Garage
Additional Information
- Cap Rate: 8%
- Current Rent: $1,200
- Cash on Cash Return: 11%
- Current Status: Vacant
- Lease Term: -
- Utilities: Tenant Pays All Utilities
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Renovations
– New garage roof and wood sheathing
– New garage overhead door and hardware
– Professional landscaping – including mulching, weeding, leaf and yard clean up, edging and trimming
– Exterior lights, house numbers and locks
– Weather sealed deck
– Siding and gutter repairs
– Existing iding is vinyl – and in excellent condition.
– Existing house roof is approximately 10-12 years old based on professional assessment
– Electrical system upgrade
   – New 100amp electrical panel
   – New electrical meter base
   – Updated 100amp exterior service
   – Grounding
   – New GFCI outlets throughout
   – New switches and outlets throughout
– New Furnace
– New 40 gallon hot water heater and fittings
– Repaired exhaust
– Plumbing repairs/upgrades
   – New valves
   – New kitchen trap/valves
   – New laundry valves
   – New faucets – kitchen and bathroom
   – New supply lines in kitchen
   – New toilet
– Full interior paint
   – Walls
   – Trim
   – Ceilings
   – Doors
Professionally finished hardwood flooring throughout
   – Full sanding
   – Hand applied oak stain
   – 2 coats of matte polyurethane
– New door knobs and stoppers throughout
– Door repairs and adjustments
– Smoke & Carbon monoxide detectors installed
– New LED light fixtures throughout
– Luxury vinyl plank flooring installed
– Rear family room
– Utility room
– Updated kitchen with granite countertops
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
