Multi-Family House in Buffalo
For Sale by Owner |
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| Asking Price |
USD 40,662 |
| Property Type |
Multi-Family House |
| Year Built |
1880 |
Property Address :
24 Sweet Ave,
Buffalo, New York 14212
Erie County
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Seller information:
Name : Mel Kim
Phone: 7184847224 |
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| Floors : |
2 |
| Garage Size: |
None |
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| Size : |
1777 sq. feet |
| Lot Size : |
1777 acres |
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Description:
$13,554 Back at Closing Cash to You = Net Investment $40,662.00
Rock Solid Facts
23.51% return on Investment cash on cash
NO CLOSING COST
One Year home warranty
One Year management free
One Year Rent Guaranteed
One Year Tenant Guaranteed
Instant Cash back at closing over $13,554.00
Positive cash flow from day one
Hud / Section-8 issued over 15,000 Vouchers
Great management team to deal with tenants / maintenance
Qualified Tenant
This property will not require any of your work related involvement
Newly Renovated and Rented with annual income of $9036 in Buffalo NY. This HUGE Profit positive Income property is a great opportunity for your next real estate investment.
Gross Monthly Income 24 Sweet
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Monthly Rental Income Unit#1 $363 48.21%
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Monthly Rental Income Unit#2 $390 51.79%
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Total Income: $753
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Monthly Expenses
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City and County Taxes: $21 2.82%
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Insurance: $28 3.67%
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Water: $74 9.83%
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User Fee (Garbage) $18 2.45%
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lawn / Snow $15 1.99%
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Gas/Electric Tenant Pays
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Maintenance (10%) $75 10%
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Management (10% Rent) Optional
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Total Monthly Expenses $232 30.77%
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Cash Flow
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List price $54,216
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Cash Back at Closing $13,554 25%
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Net Purchase Price $40,662
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Finance Amount #ERROR!
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Mortgage Payment: $0
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Monthly Cash Flow: $521
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Yearly Cash Flow: $6,256
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Annual Cash on Cash ROI: 15.39%
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Cap Rate: 15.39%
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Recoup your out of pocket cash in less than: 5 Years
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Additional Income
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Tax Benefit from Depreciation Approx. $591 1.45%
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Appreciation a
http://www.FSBOads.com/12717
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Nearest Properties:
5BR/2BA Multi-Family House for Sale in Buffalo, NY 14212 - $42,390 (0.1 mi)
4BR/1BA Home for Sale in Buffalo, NY 14212 - $34,986 (0.2 mi)
4BR/2BA Home for Sale in Buffalo, NY 14220 - $20,000 (2.4 mi)
3BR/2BA Home for Sale in Buffalo,, NY 14211 - $34,000 (2.4 mi)
3BR/1BA House for Sale in Buffalo,, NY 14211 - $32,500 (2.4 mi)
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| Submission Date: |
07-16-2009 |
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