$71,000 What a Great Investment! ::: in Las Vegas, Nevada

$71,000
What a Great Investment! :::
Price: $800
Seller:
Type: Houses for sale
State: Nevada  City: Las Vegas  Category: Houses for sale
Houses for sale in Nevada
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2 Bedroom, / 2 Bath, xxxx sq ft single family home for sale. Great rental opportunity near Nellis Air Force Base. So easy to rent to great renters! This home is in good shape and has the original owners. This house needs a light coat of paint and carpet. Homes in this area rent from $800-$xxxx per month. It generates black from the word go! Cash buyers move to the front of the line. Call 702-768-xxxx (Tom) for more info. Investment Highlight Purchase Price $71,000 Gross Potential Income $900x12=$10,800 Vacancy 10% -$1,080 Effective Gross Income $9,720 Tax $550 Insurance $360 Management (10% EGI) $972 Repair & Maintenance (10% EGI) $972 Total Operating Expense $2,854 Net Operating Income $6,866 Cash on Cash Return 9.67% Conservatively.