Investment Properties West Mifflin – Cashflowing 2BR Rental Sold

  • $23000
  • 2 beds
  • 1 baths
213 Sylvan - Investment Properties West Mifflin

This cozy single family home located in West Mifflin is an ideal opportunity for a cash-out-refinance rental property investment. Easy access to the Waterfront in Homestead and to Downtown Pittsburgh, with some updates, this home can be a well preforming addition to your rental portfolio.

Rent: $650/month * 12 = $7,800
Taxes: $924/yr.
Management: $780/12=$65/month
Maintenance: $390/12=$32.50
Insurance: estimate $700/12=$58.34
ARV: $45,000
Repairs:
Bathroom renovation $5,000
Garage Door $1500
Kitchen Upgrades $2000
Misc. $1000
Total Repairs = $9,500
25% Discount on ARV (Loan Amount): $33,750
20yr note at 4.5%
Monthly P&I: $213.52
Monthly Expenses (loan payment+management+maintenance): $369.36
Monthly positive cashflow: ($650-$369.36) $280.64/month
Positive Cash Flow yearly: $3,367.68
Cash Investment needed: $33,500
Cash-out-Refinance: Zero Cash Left in the transaction after permanent loan established.
Price:
$23000
Address:
213 Sylvan Avenue
West Mifflin, PA 15122
Lot Size:
50x136x50x136
Bedrooms:
2
Bathrooms:
1
Terms:
For Sale
Property Type:
Home
Year Built:
1913
Const. Type:
Aluminum Siding - Frame

Call (412) 818-3800 for more details

Property Location