Operation Real Estate
Purchase Price: $40,000
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
http://www.navicamls.net/displays/?n=359&i=6515165&k=s1qDXQg 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.)
http://www.navicamls.net/displays/?n=359&i=6515167&k=6Brl63k 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.