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Fully Rented & Fully Rehabbed with annual income of $8334 in Buffalo NY. This $915 per month Gross Income property is a great opportunity for investment. CASH BACK AT CLOSING $9882 Click Here for Proforma Analysis | Gross Monthly Income | 84 Warren | | Monthly Rental Income Unit#1 | $525 | 57.38% | | Monthly Rental Income Unit#2 | $390 | 42.62% | | Total Income: | $915 | | | Monthly Expenses | | | | City and County Taxes: | $27 | 2.94% | | Insurance: | $28 | 3.02% | | Water: | $46 | 5.08% | | User Fee (Garbage) | $12 | 1.32% | | lawn / Snow | $15 | 1.64% | | Gas/Electric | Tenant Pays | | Maintenance (10%) | $92 | 10.00% | | Management (10% Rent) | Optional | | Total Monthly Expenses | $220 | 24.01% | | | | | | Cash Flow | | | | Purchase price | $59,292 | | | Cash Back at Closing | $9,882 | 16.67% | | Net Investment | $49,410 | | | Monthly Cash Flow: | $695 | | | Yearly Cash Flow: | $8,344 | | | Annual Cash on Cash ROI: | 16.89% | | | Cap Rate: | 16.89% | | | Recoup your out of pocket cash in less than: | 5 Years | | | | | | | Additional Income | | | | Tax Benefit from Depreciation Approx. | $647 | 1.31% | | Appreciation approx. 5% annually | $2,965 | 6.00% | | Total Realized Income (net cash flow+Depreciation+Appreciation) | $11,955 | 24.20% | | | | | | Property Info | | | | SBL# | 112.29-6-12 | | DEED BOOK | 11140 | | | DEED PAGE | 6528 | | | FRONTAGE | 30 | | | DEPTH | 100 | | | SQUARE FT | 1315 | | | YEAR BUILT | 1905 | | | BED ROOMS | 5 | | | BATHS | 2 | |
$9,882 Back at Closing Cash to You = Net Investment $49,410 Rock Solid Facts - 24.20% 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 $9,882
- 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
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| Property Size | 1315.00 ft² | | Appartments | 2 | | Trade Size | 1315.00 ft² | | Year of Construction | 1905 | | Heating Type | 0 | | Floor(s) | 2 | | Price: | $ 49.410
| | Rent Income: | $ 915
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| Price: $ 49.410 | Brokerage: 0 | | Rent Income $ 915 |
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Contact Information
Contact Us About This PropertyThis Property has been rehabbed under the guidelines outlined on the “Our Rehab Process” page of this site. Please click Here for more information regarding this innovative process. This property is being sold with all required property inspections from the City, Rental Assistance Agencies and Local Municipalities completed and passed. Purchase Terms: This property can be purchased via an all-cash offer. Contact us for details. No Closing Costs. Management Info.: Click HERE for information on the Management team. This property has a clear title so rapid closing is available. $3,000 earnest deposit required for purchase after acceptance of the contract. For more information or to write a purchase offer, please E-mail us at your information including : mel@buy-income-properties.com |
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| Street, Nr. | Warren Ave , 84 | | Zip Code | 14217 | | Town | Buffalo | | District | | | State | New York | | Country | United States Of America | |
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MEL Kim
Fax: Fax
mel@buy-income-properties.com
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Buffalo NY 84 Warren Ave | 2 Family Newly Renovated
