Easily 10% Cap Rate once you raise the rent to market rate.
Updated Kitchen and bathroom, Large Backyard and house has central air. No HOA or Restrictions
Tenant’s is Month to Month – $1200 per month (long term tenant)
Can rent easily for $1800 per month
or even more rent per Section 8!
COMPS:
5732 PARKE AVE / SOLD FOR $215,000