A brick ranch with an active lease and professional management, offering a straightforward addition to a rental portfolio.

This 3-bedroom, 1.5-bath property offers approximately 1,360 square feet and was built in 1967. The projected monthly rent is $1,575, with estimated monthly operating expenses of $530, producing projected net monthly income of $1,045. Based on the asking price of $169,900, the projected cap rate is 7.4%.

The property is currently tenant occupied, allowing income to begin immediately after closing. Professional property management is included or already arranged for a smoother transition.

The projected ROI of 9.4% combines the income profile with a conservative market appreciation assumption. Figures are estimates intended for listing presentation and should be independently verified during due diligence.