$337500 / 3br - 1320ft² - Looking for Buy and Hold Investor! SFR 3/2 rent for $2350-$2450/mo (Whittier, CA)
This area is coming back with a fury! Great for the speculative buyer wanting to hold for a few years to let it appreciate!
1 year ROI is 85% leveraged at 60% at 5.3%. 32% ROI over 1 year putting in a tenant after rehab in a HOT AREA;
2 ways for the rehab. Rental quality requires about $5K-7K of work; rehab quality calls for about $25K in work which would include removing a wall to open up between the kitchen and living room, modernizing the bathroom, upgrading the kitchen, fixing the pool timer and cleaning the stagnant water, smooth plaster ceilings need patching of some cracks, fixing some paneling.
Property already has dual paned windows, nice exterior paint; interior is decent, needs some touch up. Also has the great fan that cools the property down in 10 minutes; more efficient than an air conditioner, and heating.
Cash buyers please; no agents.
Have a great day!
- do NOT contact me with unsolicited services or offers