Steal of a Deal

Rents are $1050 to $1100.

Low side rents for $12,600 per year

Less HOA $186 pm       $2,232  p/y

Less Tax                        $1208

Less Insurance               $500 guesstimate

Net income               $8,660

Investment           $75,000 plus minor closing costs

ROI         11.54% cash on cash return

This does not take into consideration management, repairs or loss of rents. However, the property was built in 2006 and has …