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$24000 / 4br - 1275ft2 - ~~ Great as an Investment Property or For you to fix-up and Live in ! (Iron River)

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807 W Cayuga St

(google map)

4BR / 1.5Ba 1275ft2

house

807 W Cayuga St, Iron River, MI 49935
Price $24,000

Bedrooms: 4
Baths: 1.5
Sq Footage: 1,275
Detached single family
Annual Real Estate Taxes $1,641
Water: city
Sewer: city
Natural Gas Forced Air
Acre 0.25

Call me to visit at show contact info

1 1/2 story barn/garage on lot. The home has a full basement, first floor full bath and small bedroom. The second floor has 3 bedrooms and a 1/2 bath. The home needs a updating but has lots of potential and a nice central location.

If you are a real estate investor looking to buy, fix, and re-sell this property then below is some analysis:

Purchase Price: $ 24,000
Estimated Renovations: $20,000
Transfer Tax: $ 206
Closing Costs: $360
Buyer's initial investment: $ 43,676

+ Monthly Rental Income: $850
- Vacancy Reserve: $85
- Monthly Real Estate Taxes: $137
- HOA Fees: $0
- Insurance: $60
- Property Management: $0
- Utilities: $0
- Reserves for Future Repairs: $85
= Net Monthly Operating Income: $483

Your Annual cash return: 13.3%

Call to visit: show contact info
  • do NOT contact me with unsolicited services or offers

post id: 7018320552

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