4br Great for a Rental Property or For you to Live in! Rock Island in Sioux City, Iowa For Sale

$19,900, 4Bd/1.5Ba Single Family House, xxxx sqft.
Michael | 215-315-xxxx
5th St, Rock Island, IL xxxx1
Instant Equity! Light Rehab Opportunity! Rock Island, IL
4Bd/1.5Ba Single Family House
$19,900
Year Built
xxxx
Sq Footage
xxxx sqft.
Bedrooms
4 Beds
Bathrooms
1.5 Baths
Laundry
In Unit
DESCRIPTION
5th Street Rock Island, IL
Located in Rock Island, IL this 1,523 sqft single family house is ready for a face lift. This 4 bedroom/ 1.5 bathroom cutie is in a great area of Rock Island and is in the Rock Island School District. The property needs some interior updating. Good bones. See pictures for more details.
Contact us for showings at (215) 315-xxxx
If you are looking to buy and hold (rental property) this property then below is some analysis:
Rental Analysis
Purchase Price: $19,900
Estimated Repairs to get highest rents: $18,276
Reinstatement Costs: $0
Transfer Tax: $30
Closing Costs (sale): $398
Buyer's initial investment: $38,604
+ Monthly Rental Income: $800
-Vacancy Reserve: $80
-Monthly Real Estate Taxes: $130
-HOA Fees: $0
-Insurance: $67
-Property Management: $0
-Utilities: $0
-Reserves for Future Repairs: $80
= Net Monthly Operating Income: $443
Annual cash return: 13.8%
Occupancy: vacant
Layout: Rancher
Sq Footage: 1,523
Year Built: xxxx
After Repair Value: $65,000
Call us for Access:
215-315-xxxx
Rock Island
see additional photos below
ADDITIONAL PHOTOS
Contact info:
Michael
215-315-xxxx
For sale by Owner
Posted: Jun 24, xxxx, 9:18pm EDT