Ames Fixer, $14K in Sweat Equity
Tuesday, February 24th, 2009We have analyzed this deal to see how this particular single family home in Ames would be as a rental property. Read the article Income, Depreciation, Equity Build Up, Appreciation and Leverage in Deal Analysis for an overview of how I do the deal analysis below.
Please use the information below as a starting point for your analysis, but because data used below is submitted to us, it should all be independently verified with the help of a competent team of professionals.
Where is this property?
It is located in Ames, IA. The property address is kept private to preserve the deals for our real estate investor visitors. Request additional information on Deal #4841. This particular property was submitted to the Ames Real Estate Resources Website featuring real estate investor articles and local deals.
Run your own analysis on this particular property. Use our new, FREE Offer Generator real estate investor tool to change our assumptions and use your own.
How did we find this property?
We found this property from one of our real estate investor friendly agents/brokers or one of the real estate investor wholesalers we know in the Ames area.
If you would like more information about this deal, please request info about real estate Deal #4841.
Notes:
The following was left as notes by the person that submitted the deal to us:
A great deal investment home ideal for starters.
Property Details
- Bedrooms: 2
- Baths: 1.00
- Square Footage: 704 (see square footage estimates for info)
- All information is deemed reliable, but is pulled from tax records, a real estate agent or real estate broker, zillow, a researcher or the seller.
Income
- Gross Rent: $670/month (see Rent Estimates for more info)
- 4.00% Vacancy Adjustment: $27/month (see Vacancy Estimates for more info)
- Net Rent: $643/month
- NOTE: These numbers are for traditional rental income and NOT a rent-to-own. Rent-to-own analysis follows below.
Watch FREE Real Estate Investor Training Videos - Instantly watch free real estate investor training videos right now for free.
Run your own analysis on this particular property. Use our new, FREE