Property Description

Here's a cash-flowing tenant occupied brick rental with strong fundamentals already in place. Priced at $85,000 and currently rented at $1,375/month, with a scheduled increase to $1,448/month, this 3-bedroom, 2-bath single-family home offers investors immediate income and attractive rent-to-price performance. The tenant is currently month-to-month and is willing to sign an annual lease if the next owner prefers longer-term stability. From an investor standpoint, the numbers are strong. At the current rent, the property produces $16,500/year in gross rental income, which equals approximately a 19.4% gross rent-to-price return. At the scheduled rent increase of $1,448/month, annual gross rent rises to $17,376/year, increasing the gross rent-to-price return to approximately 20.4%. For DSCR-focused buyers, the rental income gives this property attractive coverage potential. Based on an estimated 75% LTV loan, the current rent produces a strong estimated DSCR before taxes and insurance, and the scheduled rent increase improves that position even further. Final DSCR will depend on lender rate, taxes, insurance, and underwriting guidelines. The home also offers several ownership advantages investors look for. Brick construction, a good roof, a new furnace in 2024, and a new hot water heater in 2024 help reduce near-term capital concerns. The 1,603 sq ft layout includes 3 bedrooms, 2 full baths, a fireplace, and newer windows, giving tenants the comfort and functionality that support long-term occupancy. This is the kind of asset investors want in a buy-and-hold portfolio: already rented, solid monthly income, durable brick construction, recent mechanical updates, and upside with a scheduled rent increase. Please do not disturb the tenants. Contact us for details and showing instructions.

Property Features

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