Wells Fargo Approved Short Sale – Need buyer – 11.54% Cash on Cash Return – That is a Steal of a Deal

Rents are $1050 to $1100.

Low side rents for $12,600 per year

Less HOA $186 pm       $2,232  p/y

Less Tax                        $1208

Less Insurance               $500 guesstimate

Net income               $8,660

Investment           $75,000 plus minor closing costs

ROI         11.54% cash on cash return

This does not take into consideration management, repairs or loss of rents. However, the property was built in 2006 and has granite counters and cherry cabinets! No fridge.