I currently have under contract a great investment opportunity at 1536 14th Ave N in Nashville (please e-mail me for a pfd containing a more in depth break down of the numbers). This property is a 1 bd/ 1 ba and is rented out for the next 11 months to a tenant paying $400/mo + utilities. With around $5,000 in cosmetic repairs the property could be rented for around $600/mo + property`s ARV is around $38,000. I am asking $21,000 CASH very firm. As it stands, the property will already be providing you with an over 15% cap rate (3600/21,000 = 17.14), so you could either hold it as is or put in the $5k in repairs and rent it for more while gaining around $10k in equity. With the tenants already in place this is just a really great deal.
WHOLESALERS: I am offering $500 to anybody who refers me to a cash investor I end up closing with!
I currently have under contract a great investment opportunity at 1536 14th Ave N in Nashville (please e-mail me for a pfd containing a more in depth break down of the numbers). This property is a 1 bd/ 1 ba and is rented out for the next 11 months to a tenant paying $400/mo + utilities. With around $5,000 in cosmetic repairs t...