4926 Boudinot Street

Investor special! 4926 Boudinot Street is the perfect addition to your rental portfolio **14.70% Cash-on-Cash Return**. This property offers a light cosmetic rehab opportunity to bring it back to life with the major work already started. The cast iron sewer line has been replaced with PVC, saving you time and money. This spacious home also features private driveway parking in the rear a desirable feature for tenants. With minimal effort, an investor can transform this into an excellent cash-flowing asset for years to come. Dont miss this solid investment opportunity! THE FINANCIAL BREAKDOWN: Purchase Price: $140,000 / Estimated Renovation Budget: $50,000 / Total Project Cost: $190,000. THE PRO FORMA (PROJECTED VALUE): (ARV): $225,000 (Creates $35,000 in forced equity) / Projected Rent (Section 8): $1,780/month ($21,360/year). PROJECTED CASH-ON-CASH RETURN: This deal is projected to deliver a 14.70% Cash-on-Cash Return based on the following: Initial Cash Invested: $36,100 (Assumes 20% down on purchase + 6 months interest-only carry on $162k in loans). Post-Refinance Annual Expenses: $16,053 / P&I: $12,933 (On a $162k refi loan at 7%) / Taxes: $1,920/ Insurance: $1,200 / Projected Annual Cash Flow: $5,307 ($21,360 Rent - $16,053 Expenses). Contact Chelsea with questions or to set up a showing.