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$ 55,000
Est. payment | /mo
3 Beds
2 Baths
1,256 SqFt
$ 55,000
Est. payment | /mo
3 Beds
2 Baths
1,256 SqFt
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,256 sqft
Subdivision Cedar Grove Add
MLS Listing ID 21219972
Bedrooms 3
Full Baths 2
HOA Y/N None
Year Built 2002
Annual Tax Amount $718
Lot Size 6,272 Sqft
Acres 0.144
Property Sub-Type Single Family Residence
Property Description
Tenant-occupied, income-producing Shreveport rental offered at $55,000. This 3-bedroom, 2-bath home is currently rented for $800 per month, producing gross rental income of $9,600 annually. Owner-reported property taxes and insurance total approximately $2,054 annually. Including a pro forma $75 monthly management allowance, estimated recurring expenses are $2,954 annually, producing estimated NOI of $6,646 and a 12.08% cap rate at the asking price, before vacancy, repairs, capital expenditures and reserves. Built in 2002, the property contains approximately 1,256 square feet. Seller reports the home was completely remodeled before tenant placement, with improvements including electrical, plumbing, water heater and roof, which may reduce near-term deferred-maintenance risk. Lease, payment history, expense documentation and investor operating analysis are available for review. Please do not disturb the tenant. Showings must be scheduled through the listing agent. Financial information is provided by the owner and should be independently verified by the buyer
Location
State LA
County Caddo
Direction Google Maps
Rooms
Dining Room 1
Interior
Interior Features Built-in Features
Appliance Electric Oven
Exterior
Utilities Available City Sewer, City Water
Garage No
Building
Story One
Level or Stories One
Schools
School District Caddo Psb
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Listed by Steven Pracht • Pinnacle Realty Advisors
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