Property Details
This turnkey investment property is the first of our “Green” rehab projects. Currently rented at $700 a month, this 3 bed 1 bath property has a positive monthly cash flow of $400+ and a 26% annual return.
- New windows throughout
- Organic carpeting on the entire main level
- New energy efficient furnace
- New energy efficient hot water heater
- Low VOC paint in the interior
- All new kitchen & bath
Rent = $700/month, ($8,400/year)
Property Taxes(summer & winter) =$191/month ($2,300/year)
Insurance = $120/month
Positive Monthly Cash Flow = $403
Rental yield = 26%
The figures above are actual figures that bring real cash flow and great returns. As a comparison, $20,000 invested into a saving account at a U.S. bank would yield a 0.4% annual return. The same $20,000 invested in stocks would bring 6% annual return (along with more risk).
Call Terrence @ 1 (313)532-2700
or email me at twright@arraymg.com
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