$340,000
Reduced $9,000
Description
Generating over $6,100 per month in gross rental income ($73,000+ per year), this investment offers a unique combination of cash flow and turnkey management in a sought-after location. After expenses the CAP rate is over 8% and 5.5% cash-on-cash ROI. The home is leased to one tenant, PadSplit, which hosts the property on their platform. PadSplit not only helps members save money and live closer to work but also provides an avenue for investors to achieve 3x+ cash flow. All members are professionally screened by PadSplit, required to pass a background check and undergo income verification. PadSplit handles inbound requests from members and enforces house rules. One rent payment is direct-deposited into the owner's bank account based on the home's previous month's performance. Sold with an optional top-rated super-host who coordinates cleaning and repairs, this property is ideal for any investor. Contact us today for preferred lenders if you need financing. If PadSplit is new to you, please Google 'PadSplit' to learn more about this game-changing affordable housing solution before calling. Part of a portfolio, contact the listing agent if you are interested in purchasing multiple properties with a similar setup and ROI. OFFER REQUIREMENTS: Do all due diligence before submitting an offer, $7,500 EMD, closing agent MUST be Heather Salvatoriello with The Close Agent.
Listed by Kim Meredith-Hampton, .
Property Highlights
- Property Type: Single Family, Single Family Residence
- MLS #: U8226536
Room Information
| Full Baths | 2 |
| Total Baths | 2 |
| Total Beds | 9 |
Property Features
| Direction Faces | North |
| Interior Square Footage | 1,520 |
| Lot Size Acres | 0.14 |
| Lot Size Square Feet | 6,000 |
| Rooms | 14 |
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