Seattle Investors Club Investment Deal – Buy & Hold Rental / Available Now!
OCCUPIED – Do Not Disturb! Contact Seattle Investors Club for Viewing / Easy Access
Real Estate Details:
Address:
8307 Renton Ave S
Seattle, WA 98118
Beds: 4
Baths: 1.75
Sq/Ft: 2,200 SF / $136 SF
Price: $300,000 / Property is listed for sale
Alert: Great Rental!!!
Estimated Rehab Cost: $15,000
Estimated After Rehab Value: $345,000
Estimated Rent: $1,950 per month
Estimated Mortgage Payment: 5% Down / 30yr-fixed / 4.5998% = $1,630.48 per month
*Contact Nikki Benson at Caliber Home Loans for this deal at 206.427.7252 or at
nikki.benson@caliberhomeloans.com / Lower rate available with higher down payment
COMPS:
– http://www.matrix.nwmls.com/DE.asp?ID=14531494601
PHOTOS: Click here
Deal Summary:
Come and get it! Move-in Ready or keep as a rental. Well maintained 4 bed 1.75 bath on level lot with a very usable floor plan. Lots of updates in this spacious home including double pane windows. 2 bedrooms & 1 full bath up & 2 bedrooms and . 75 shower down. FANTASTIC, fully-fenced back yard. Convenient location close to bus, schools & freeways. 1 car carport, fenced entry. Separate lower entrance available! Excellent cash on cash return!! Buy for $300,000, put in $15,000 improvements and now worth approximately $345,000. Put on 80% LTV, estimated at $276,000. Approx $40,000 cash left in deal = HUGE cash on cash return on rent or sell on lease option. Go for it!
Improvements Needed: $15,000
– New Kitchen / Install Rental Quality + Appliances
– Full Interior Paint
– New flooring / carpety & vinyl
– Powerwash vinyl siding
Additional info:
– Inspection Available: Yes / house has good systems / forced air furnace & newer panel
– Closing: 45 days after offer accepted / tenant’s moving out
For Showings:
DISCLAIMER: Buyers may not rely on this information and must do their own review of all the numbers and information in regards to this property.
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