A charming family house
3309 4th Avenue Racine, 53402 WI
Active Investment
$100,000
Property Description
Attractive Northside Split Level - Beautifully Maintained Inside and Out! This quality built home has 6 panel doors, hardwood under the carpeting and spacious rooms throughout. Big living room is open to the country size, custom kitchen with dinette perfect for entertaining. 3 bedrooms and bath up. The lower level offers a second bath and a charming family room with gas fireplace to enjoy those cold winter nights.
Property Details
Property Type
Single Family
Bedrooms
3
Bathrooms
2
Year Built
1954
Size
Floors
1,634 sqft
1
Business Plan
Purchase Price
Overhead Exp
Closing Costs
$155,000
$8,637
$7,536
Management Fee
Estimate Rehab
Unexpected
$0
$60,000
$6,000
Project time
4
months
Project total cost (All in)
$237,173
Investor Profit share
Investment
$100,000
Fixed rate (Yearly)
8%
+
From profit
10%
Title | Optimistic | Realistic | Pessimistic |
|---|---|---|---|
Selling Price | $309,000 | $299,000 | $289,000 |
Closing Costs 7.5% | $23,925 | $23,175 | $22,425 |
Project Profit (before Tax) | $47,902 | $38,652 | $29,402 |
Private Investor Share | $4,790 | $3,865 | $2,940 |
Net Total Private investor profit | $6,978 | $6,145 | $5,313 |
Investor ROI | 15% | 16% | 18% |
Contact us
11220 W. Burleigh Street Suite 100
Wauwatosa, WI, 53222
+1 (240) 370-4580