Property Description:
Wow...Excellent end unit townhouse in the heart of the Fairview subdivision of Camden which offers unbelievable returns and instant equity. This 3 bedroom, 1 bath home also features a huge eat-in kitchen, living room, utility room with washer and dryer hookup, a master bedroom with a huge walk in closet, enormous fenced in lawn and yard, a long two car driveway, plenty of off street parking and a bonus room. Very little to do here. This home is basically move in ready. Pack the bags and start cashing checks TODAY. Do not hesitate to make this your first home or add this to your rental portfolio.
Asking: $48,000
Repairs: $3,500
ARV: $75,000
Net Profit: $24,000
Rents: $1,200/month
Annual Expenses: $2,754
Net Income: $11,646/year
Cap Rate: 23%