SOLD! Idaho Falls Investment

Purchase Price: $40,000

3 bedroom

1 bathroom

1341 Sq Feet

Year built: 1925

5227 sqft lot

Shed included in fenced-in backyard

Most windows have been updated to vinyl. Gas furnace. Main floor laundry room. Wood siding. Metal Roof.

Approximate Repair Cost: $5,000 - 10,000

After Repair Value: $60,000 - 70,000 This link shows a Comparable Market Analysis

This property is located in an amazing rental area of Idaho Falls. Rent for this property is $650-675. (A few nicer features could yield $700-725 per month.) This link shows what is available to rent on MLS. Realtor is seeing 2 beds renting at $650, 3 beds for $700.

Approx. 12% CAP Rate

***Must have $1,000 non-refundable deposit by Monday, December 28 if interested. We will be moving forward with the first person to bring us the deposit.