Price: $23,000, 3 beds/ 1 baths

1912 S. Croskey Street Philadelphia, PA

http://www.postlets.com/res/2996875



3 bed / 1 bath rowhouse

Purchase Price (including assignment) is $23,000.

Rehab for rental $20,000-23,000

Rehab for flip $30,000

Rents $685 – 750

ARV $80,000 – 85,000



Call Eric at 215-200-7665



Purchase Price (including the assignment fee)23,000

Total Estimated Repairs: 23,000

Closing Costs (sale): 750

Buyer's initial cost: 46,750



Estimated After Repaired Value (ARV): 80,000

Re-fi @ 70%: 56,000

Re-fi cost 2%: 1,120

Buyer's initial cost: 46,750

Buyer's Profit @ Closing: 8,130



Monthly Rental Income: 700

Vancany 10%: 70

Taxes: 44 ($532 per year)

Insurance: 50 ($600 per year)

Utilities: 0 (Tenants pay)

Reserves 8%: 56

Net Operating Income: 480



Monthly Principal & Interest @ 7.0%: 373



Cashflow: $107 a month

Price: $126,000, 3 beds/ 1 baths, 950 sq ft

What a cute 3 bedroom, 1 bath home in historic Truxton neighborhood in Portsmouth, Virginia. Newer carpet, paint, and central heat and A/C. Available immediately for purchase at $126,000 or for rent at $1050.

(List: 6/15/09 through 10/15/2009)