Turnkey Properties
Property Overview
- Property Type: SINGLE FAMILY HOME
- 4 Bed
- 1,653 Sqft
- 1 Bath
- 1 Garage
Additional Information
- Cap Rate: 7%
- Current Rent: $1,695
- Cash on Cash Return: 5.75%
- Current Status: Occupied
- Lease Term: 09/30/24
- Utilities: Tenant Pays All Utilities
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Renovations
Major Renovations Completed:
Full interior paint (walls, ceilings, doors & trim)
Touch up beams in living room to match
New LVP flooring in living room, front room, hallway & bedroom
New heat vents where needed
New carpet and pad throughout 2nd floor & stairs
Updated Electrical
– Light fixtures & bulb fixtures – flush mount
– New outlets & switches, including covers
– New GCFIs (kitchen, bathrooms, utility room)
– All low voltage removed throughout interior & exterior
– Smoke Detectors & CO detectors (1 in each bedroom, hallway upstairs, 1 in main floor hallway)
– New light bulbs throughout
Renovated Kitchen
– Cabinets painted & new hardware installed
– Granite countertops
– New faucet & drain
– New LVP flooring
– New dishwasher & microwave hood
Brand New Bathroom
– New tile tub surround w/ concrete backer
– New posi-tempt shower fixtures
– New toilet
– New vanity
– New medicine cabinet
– New light fixture
– New LVP flooring
– New hardware
Drywall repairs throughout
New storm doors (front and back)
Landscaping (remove weeds, trim hedges/vegetation, mulching)
Tuck point & seal front steps
Tuck point brick veneer front corner & rear corner foundation
New doors & hardware throughout (including new or repaired bi-fold doors as needed)
Some new vinyl replacement windows & window repairs throughout
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.
