TITLE:
2 SFR in Northern KY
CONTROL:
Exclusive
VALUE:
$285,000
LOAN:
$210,000
EQUITY:
$75,000
TYPE:
Homes/Condos
HAVE:
1340 Kendall St ($1350/mo, 2br 1ba) and 1731 Banklick St ($1125/mo, 2br 1.5ba) both in Covington, Ky. Both have long term tenants, no capex needed. We have managed these properties since the owne bought them.
ADDRESS:
1340 Kendall St, Covington, Kentucky
BENEFITS TO NEW OWNER:
Cashflow properties, managenent in place, lomg term tenants
GROSS SCHEDULED INCOME:
$29,700 Actual
VACANCY LOSS:
$0
GROSS EFFECTIVE INCOME:
$29,700
EXPENSES:
$13,410
NOI:
$16,290
DEBT SERVICE:
$11,000
CASH FLOW:
$5,290
CAP RATE:
5.72%
BENEFITS SOUGHT:
Path to cash
CAN ADD:
up to 5 additional SFRs
COUNSELOR:
Jim Carmichael
Berkshire Hathaway Commercial Real Estate
2320 Grandview Drive
Fort Mitchell, Kentucky, 41017
