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  • House for Sale: Martha Street, Buffalo NY

House for Sale: Martha Street, Buffalo NY

Martha Street house is a good sized double family unit in a very popular rental street in Buffalo. 3 bedrooms downstairs and 2 bedrooms upstairs, the recently refurbished home benefits from refinished hardwood floors, freshly painted walls, new carpets, and tiled bathroom. Currently rented at $925.00 monthly, its in good condition and represents a decent income play.

Sale Price – $38,000
Legals – $800
Total Cost to Buyer – $38,800
Gross Monthly Rent $925
Monthly Costs $205
Net Monthly Rent $720 – $92 management = $628

Gross Yield – 29%

IRR in first year assuming no capital growth –
Net Income / Cost = 19.4%

IRR after 5 years assuming no capital growth –
Net Income/Cost = 97%

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