42% Gross Yearly Return for Under $27,000!
Property is a 4 bed, 1 bath row home. Property is being sold “as-is”. It needs a lot of work. We’ve priced it accordingly.
Are you an investor? How many of your investments yield 13.05% per year (net)? This property is estimated to bring in a 13.05% cap rate once rented! Market rents are roughly $900/mo.
How can you buy this home?
- Cash: $15,000
- Rent-to-own: $29,700, 20% down (non-refundable), $900/mo rent, + $300/mo (non-refundable) which will go towards purchase of the home
- Seller Financing: $32,670, 20% down, 5 year mortgage amortized over 30 years. 15% interest.
- Mortgage through another lender: $15,000 purchase price + cost of renovations. Subject to terms and conditions of your lender. Is your credit score at 580 or higher? Is your household income 18,500 or more per year? We might have some financing options for you. We can refer you to a few. If your credit score is 580 or lower, but your household income is 18,500 or more per year, we might be able to help you fix that too.
This property is within walking distance of Downtown Trenton and many other conveniences such as; places of worship, food, shopping, public transit, etc…
Zillow says it’s worth $81,548 and that rents are around $1250.
Interested in more properties? Check out: http://propertiesforsaleintrenton.com/