9410 NE Gertz Ct, Portland, OR 97211

2 Bedrooms / 1 Baths / Single Family

For Sale: $174,000.00


Contact Info

PD Investment Properties
 (503) 765-6780

View On Property Owner's Website

This property is brought to you by:
Northwest Real Estate Investors Association

Exciting Price Drop With the Potential for Income on Day ONE!

Charming 2BD/1BA Home located in NE Portland. *Remodeled in 2012. *Currently occupied by tenant for the past 5 years (income from day one!) $1160/month current rent (inlcudes HOA and garbage pick up). $1,500/month should easily be attainable goal from the start as $2,000/month is the market rent in this area. *Double digit cash on cash return for a quick, cash transaction of >10%, do nothing to bring rents to market and still realize an 8% ROI *After a cash closing and refinancing, the ROI (accounting for principal, 5% interest, taxes, insurance, HOA, and a rent of $1500) would be a whopping >11%! Plenty of buffer for vacancy rate, property management costs, and reserve budget! *Motivated seller, needs to close fast *Purchase Price: $174,000 Rare opportunity for net positive cash flow in the Portland area

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