A move-in-ready rental combining an existing lease, recent updates, and third-party management.

This 3-bedroom, 1.5-bath property offers approximately 1,390 square feet and was built in 1955. The projected monthly rent is $1,675, with estimated monthly operating expenses of $575, producing projected net monthly income of $1,100. Based on the asking price of $179,500, 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.