Great Campus Opportunity
Today’s highlight is a single family home VERY close to campus (courtesy of Coldwell Banker Realty Group 1). It has 4 bedrooms, will undoubtedly have no vacancy if managed correctly. It is currently a single family home, but I am calculating to convert it into a 2-unit property in order to capitalize on rents.
Rents are calculated at $1,800 with $15,000 in up-front remodel costs.
Click here to view the MLS listing.
In the analysis below, I have assumed a purchased price of $193,000. This follows the market average of 98% list to sale price in Manhattan, so is a safe bet.
My thoughts on this property:
As you will see in the analysis above, I project this property to make:
- 13.5% ROI
- 7.6% Cap rate
- 8.2% Cash on Cash Return
This is a great low-capital opportunity, give me a call today!
For more information on this property, and where I got my figures, feel free to email me at David@RenbergRealty.com, or give me a call at (785) 236-9438.