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2 Rental Houses, $2200 per month income. Both are 2/1 units near downtown
$125,000
Pre-Approved Lending Terms
Powered by Clontz Capital
| Loan Amount | 172,500 |
| Down Payment | 12,500 |
| Rehab Funded | 60,000 |
| Rate | 8.75% |
| Lender Fees | 1,650 |
Location
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Winchester, KY 40511
Details
- Type: Single Family
- Bedrooms: 4
- Bathrooms: 2
- Square Feet: 1800
- Total Units: 2
Description
2 houses near downtown Winchester. One is currently vacant and the other occupied by long term tenant who just renewed their lease at $1100 per month. The other house should be at around 1100-1200 per month once rented.
Both are rough and need repairs.
Repaired Value for each house is around $150-175k and Rents could be at 1200 per unit.