House for Sale: West Side, Buffalo

Written by Alan Findlay on . Posted in Investor Insight, Properties

Large 4 unit building for sale in West Side, Buffalo, USA. This building, fully let for $2100 a month and in great condition is in an excellent up and coming location on Buffalo’s West Side. The famous ‘West Side Bazaar’ is round the corner as well as the café’s and shops of Grant Street. This would be an excellent growth play as the neighbourhood improves rapidly and potential values and rents increase with demand.

Sale Price – $90,000
Legals and Title Insurance- $2000
Total Cost to Buyer – $92,000
Gross Monthly Rent $2100
Monthly Costs $500
Net Monthly Rent $1600 – $200 management = $1400

Gross/Net Yield – 27.4%/18.2%

IRR in first year assuming no capital growth –
Net Income / Cost = 18.2%

IRR after 5 years assuming no capital growth –
Net Income/Cost = 91%

westferry_multi_buffalo_house

CONTACT US
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