I came across this investment property for sale on Gilmore Street in Riverside, biking distance from King Street. Great location for continuous tenancy. Seller claims: NEW CENTRAL AC, FULL SIZE WASHER AND DRYER, GRANITE COUNTER TOPS, ALL NEW STAINLESS STEEL APPLIANCES NEW BATHROOMS NEW KITCHEN.
Military can purchase this home with no money VA loan if 1 of the units is to be occupied as primary residence. Let me know if you would like more information, if there are interested parties I will preview the property, take video, and provide more data.
*If interested please email me at PacificoProperties@gmail.com.
**For loan information please contact our preferred lender, Mr. Michael Gayda at email@example.com (VA, FHA, Conventional, Renovation).
Purchase Price: $174000.00
Monthly Rent: $1800.00
Potential Gross Income (PGI): $21600.00
Vacancy and Collections (VAC): $1080.00
Effective Gross Income (EGI): $20520.00
Taxes (2015): $1100.00
Insurance: $1000.00 estimated
Utilities: $0.00 estimated
Maintenance: $1080.00 estimated
Net Operating Income (annual): $15640.00
Before Tax Cash Flow (annual): $7471.00
Overall Capitalization Rate (OAR): 9.0%
Equity Dividend Rate (EDR): 17.2%