This classic 1940s stone home in the Brucemore neighborhood is the perfect fixer-upper investment, offering endless potential for customization and value appreciation.
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This home is listed by jane Glantz at Skogman Realty
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<p class="sec-txt-bld">Projected annual rent:</p>
<p>$42,000</p>
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<div class="sec3-head">Operating Expenses</div>
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<p class="sec-txt">Property Tax:</p>
<p>$1,195</p>
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<p class="sec-txt">Insurance:</p>
<p>$1,700</p>
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<p class="sec-txt">Regular Maintenance:</p>
<p>$1,8600</p>
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<p class="sec-txt">Reserves for Replacement:</p>
<p>$3,400</p>
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<p class="sec-txt">Annual Expenses:</p>
<p>$4,095</p>
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<p class="sec-txt">Net Operating Income:</p>
<p>$24,905</p>
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<p class="sec-txt">CAP Rate:</p>
<p>5.84%</p>
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<p class="sec-txt-bld">What Sets It Apart</p>
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This property offers unique features like a 3-car garage, a spa, and a fireplace in the primary bedroom, making it ideal for luxury upgrades. The formal dining room, spacious kitchen, and outdoor spaces enhance its rental appeal. With the right updates, this home can be transformed into a high-end rental property.
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<p class="sec-txt-bld">Investor HIghlights</p>
<p>At $699,990 with a 5.8% cap rate, this property offers strong investment potential. Rental income could reach $5,000-$6,000 per month after renovations. Recent updates like a new roof and refinished floors reduce initial investment costs, making this an attractive option for long-term returns. </p>
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