158 Ideal Street, Buffalo

Written by Alan Findlay on . Posted in Uncategorized

Address: 158 Ideal Street, Buffalo NY
Type: Single Family Home
Size: 1,360sq ft 4 bedrooms 1 bathroom
Sale Price: $30,250
City Assessed Value: $41,900
Gross Monthly Rent: $675
Gross Yield: 27%

Freshly painted and carpeted single family home in desirable rental area.

Legals – $800
Vendor Financing – 5 year loan of 30% @ 10% interest – $9075 loan, with monthly repayments of $227 ($151 amortisation and $76 interest)
Total Cost to Buyer – $21,975
Monthly Costs $208
Net Monthly Rent $467 – $74 management = $393

IRR in first year assuming no capital growth – Net Income / Cost = 19%
IRR after 5 years assuming no capital growth – Net Income/Cost = 95%

CONTACT US for more detailed information
Tel: +44 20 7193 2079
E-mail: info at abbotsinchcapital.co.uk

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CONTACT

Abbotsinch Capital LLC
Tel: +44 0141 356 2813
Email: info@abbotsinchcapital.com