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Virginia

3622 Virginia Ave

Property Features 4 Bedrooms 2 Baths 1556 sqft 4356 Lot size **Completely rehabbed with over $20,000 in improvements since July 2009.**

Currently being rented to Section 8 tenant for $898

APPRAISED VALUE YOUR PURCHASE PRICE $80,000 $65,000

INVESTMENT STRATEGY: 20% Down Payment Loan Amount Closing Costs $13,000 $52,000 $3,400

Total Out of Pocket at Closing: $16,400

Mortgage payment (based on 7% interest): Taxes and Insurance: $346 $145 Monthly Costs: $490

Current Rental Agreement 10% Management fee Actual Rental Income $898 $89.80 $808.20

Monthly Cash Flow $318.20 ROI: 23%

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