Great Rental with $500 cash flow in Forest City
Cash Price $59,900
Amount of Repairs Needed $25,000
Rental Cash Flow $500
Potential Fix & Flip Profit/Equity $45000
Other similar houses in the area have recently sold for $120,000
Home Type:Brick Ranch
Lot Size: .27
Property Description:Great rental property in a quiet established neighborhood. Home just needs some TLC and cleaning. Property is occupied with a long term tenant. He has been there since 1993. Nice fenced yard with privacy and chain link fence. Concrete patio off the deck.
Updates/Repairs That Have Been Done:Carport has been enclosed
Potential Updates/Repairs Needed:Deck has a few boards that are bowing. Carpet is old and dirty. Floor behind toilet in main bath is spongy.
Our properties need updates/repairs and are offered at a deep discount for a fast cash sale.
Because our properties need repairs, they do not qualify for traditional financing.
Please call 803-610-2164 or email lorraine@InvestorsRehab.com for the address and more details.
We have been providing deep discounted properties in the Carolina’s for over 30 years.
See more wholesale discounted properties and get on our buyers list for future deals at www.InvestorsRehab.com.