Fixer Upper or Rental Property.
Total Repair Estimate: $30K-$40K. After Repair Value is $225k
Rents out for $1400
Estimate expenses $240/month for taxes, insurance and small maintenance
Cash Flow: $1,130/month
Cap Rate is 10.04%
Fantastic location in a great neighborhood near Sanford, the Midco Aquatic Center, Edison Middle School, Garfield Elementary School, the VA Medical Center, and the Great Plains Zoo.
Home is also 3 minutes away from the University of Sioux Falls, and 4 minutes away from Augustana University.