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  • 119 Rounds Avenue, Buffalo

119 Rounds Avenue, Buffalo

Address: 119 Rounds, University, Buffalo, NY
Type: Double Unit House
Sale Price: $36,850
Gross Yield: 28%

This double unit house in a stable mainly owner occupier area needs some internal and external work and will be fully renovated and tenanted as a condition of sale (This is included in the price) One identical renovated house on the same street (no 146) has just sold to an owner occupier for $79,000.

Legals: $800
Vendor Financing: 5 year loan of 30% @ 10% interest – $11,055 loan, with monthly repayments of $230 (monthly amortisation of $184, interest $46)
Total Cost to Buyer: $26,595
Gross Monthly Rent: $850
Monthly Costs: $132.50
Net Monthly Rent: $626 -$93 management = $533

IRR in first year assuming no capital growth – Net Income / Cost = 21%
IRR after 5 years assuming no capital growth – Net Income/Cost = 106%

CONTACT US
Tel: +44 20 7193 2079
E-mail: info at abbotsinchcapital.co.uk

  • Abbotsinch Capital LLC
  • Tel: +44 0141 356 2813
  • Email: info@abbotsinchcapital.com

Abbotsinch Capital LLC