This is only an example of what you may find here-this property may be sold by now
Up for Bid for the full purchase price and for
the new Owner/Investor is this 2 bedroom, 1 bathroom Mt Morris Home with finished basement, fenced yard and a garage in the
Beecher School District having a long time Tenant paying $485 per month. The home features a dry finished basement, Fenced
Yard and a nice tenant with a job who has been renting the home for over three years. Located in Mt Morris Township, the yearly
taxes are paid in full and will run the owner about $830.00 per year. The property is free and clear.
CASH COW! With Rent payments at $485 per
year that totals $5,820.00 - $830.00 in Property Taxes and Insurance at $300 with management at $576.00 will give the avid
Investor roughly a $4,114.00 profit each year. If the bidding goes to $8000.00 that return on your investment would be
51 percent return on your investment. Currently we pay the tenant 's water bill to keep the tenant happy which brings the
annual return down to around 49 percent. If you allow for a maintenance margin than your return will be a tad smaller but
still a wonderful return. Try getting that return on your savings account. Besides you will also own the appreciating asset.
This home could be your next rental cash cow. Bid Now!
We are buying larger properties now and therefore liquidating all properties paying less than
$500 in rents. Because we bought this home from an investor with this month to month tenant in place we have not been able
to get pictures of the inside. Repairman that we have hired say that the interior looks very nice and well kept. We are out
of state investors as with many of our properties that we have purchased with existing tenants, we have only had the opportunity
to collect the rents and have not had the opportunity to inspect the interior of the home. This property is offered with a
WARRANTY DEED and TITLE INSURANCE (see below for closing costs). Seller is a Arizona Licensed Real Estate Agent. Property
is managed locally. Some interior upgrading may be necessary if tenant were to move out. We offer no guarantee that
tenant will stay after sale. She has been on a verbal month to month contract for the last three years. As we always say,
"treat them right" and they will stay. Please leave tenant alone. Drive by only.