TITLE:
Superb SFR Rental with extra Lot
CONTROL:
Owner
VALUE:
$250,000
LOAN:
$108,341
EQUITY:
$141,659
TYPE:
Homes/Condos
HAVE:
Remodeled SFR with new roof, new siding, fresh paint, plumbing update. Long term renter in place. Fenced backyard on a cul-de-sac. Upgraded flooring and Bath, gutters and electrical box
ADDRESS:
1426 - 1430 S 5th, Kelso, Washington
BENEFITS TO NEW OWNER:
Stable rental history. 8/3/20 Appraisal value. Solid property in appreciating neighborhood. Zillow says its value has gone up since August!
GROSS SCHEDULED INCOME:
$14,400 Actual
VACANCY LOSS:
$1,200
GROSS EFFECTIVE INCOME:
$13,200
EXPENSES:
$5,302
NOI:
$7,898
DEBT SERVICE:
$0
CASH FLOW:
$7,898
CAP RATE:
3.16%
ENCUMBRANCE
BALANCE
PAYMENT
RATE
DUE
ASSUMABLE
LOAN 1
$108,341
$630
4%
06/30/2025
Yes
BENEFITS SOUGHT:
Combine to get a better position
CAN ADD:
Other rentals in adjacent packages
REMARKS:
New Gutters 11/23
COUNSELOR:
Hal Palmer
PDG Services
P. O. Box G
Longview, Washington, 98632
