Asking $45,000 + $30,000(REPAIR COST) = $75,000 TOTAL INVESTMENT
$75,000 @ 6.25% 30YR MTGE = $459.40/ Taxes & Insurance= $659.40
$2,500.00 - $659.40 = $1,840.60 Positive Cash Flow
Great deal in the englewood area with lots of equity to play with. This brick 2 unit has 5 beds 2 baths with basement that can be converted a extra unit. 1st floor has 2 beds 1 bath, 2nd floor has 3 beds 1 bath. Great for section 8, this building can bring in 2500 in rents. 900 for the first floor, 950 for the 2nd floor and 650 for the basement unit (If converted). Asking is 45k Arv is $190k to $200k
