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$78000 / 1092ft2 - Fix-N-Flip Kiwanis Park $40k Profit Potential (Roseville)

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27540 Kaufman St

(google map)

1092ft2 available nov 14

house

Great investment opportunity located in Roseville, MI. Owner currently rents to a friend below market at $775/mo. Lease expires in March 2020 and property is being sold with Resident in place. House is in good shape with newer roof and water heater. Property is currently occupied so please do not disturb the Occupants.

$ 78,000 Investor Price
$ 11,000 Cosmestic Renovations
$ 130,000 Resale Value

This would be a quick renovation project for you that you could flip or rent out.

Nearby Schools
John R. Kment Elementary School
Eastland Middle School
Roseville High School

Type: 1-Family
Style: Bungalow
Occupancy: Rented
Beds: 3
Baths: 1
Square Footage: 1,092
Year Built: 1954
Lot SqFt: 5,227 sf
Lot: x
Taxes: $ 1,6302
Accessor Value: $66,400

Cashflow Analysis
$1,110 - Gross Potential Rent
($136) - RE Taxes
($ 78) - Insurance
($111) - 10% Management Fee
($ 56) - 5% Vacancy Reserve
($ 56) - 5% Maintenance Reserve
$673 - Monthly Positive Cashflow

10% Cash-on-Cash ROI

***********************
* Make an Offer Now !!! *
***********************
Your are purchasing an assignable purchase contract on this property. Showing requests that have an Offer included will be given priority. Showings only with offers and proof of funds. Buyer to pay total closing costs. If something materially different is found during your visit, your Offer may be withdrawn or amended. We review ALL offers and accept backup offers.

*** Realtors - Add your fee (whatever you like), over and above the asking price

The gross profit profit potential provided is only our guesstimate and is provided for informational purposes only. Investors are encouraged to perform their own due diligence and review any provided interior & exterior photos, videos and/or comps for an idea of property condition, scope of work, and after repair value. Investors may contact our team with any specific property questions. Signed contract and deposit are required within 24 hours if your Offer is accepted.
  • do NOT contact me with unsolicited services or offers

post id: 7019700894

posted:

updated:

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