Well Maintained South Bethlehem Row Home. Proforma Cap 12+% at $1,200 a month rent.
This home is has 3 bedrooms, 1 bathroom, living room, dining room and large kitchen that leads to a rear deck . The basement has 9 ft ceilings, exposed brick and a full size door to go to the rear covered patio that sits under the rear deck. This home has replacement windows on the 2nd floor, gas furnace, gas water heater (installed in 2018), updated electrical panel (installed in 2017) and a brand new rubber roof (installed in 2019 with a 20 year warranty). Tenant occupied, Month to Month. Current rent at $950. Tenant is vacating in June, moving out of state.
Gross Inc: $14,400 Proforma after June 2020 Current actual is $11,040 Current tenant leaves June 2020!
Net Inc: $11,566 After tax and ins numbers.
Operate Exp: $2,834 Tax, Ins, trash