...

High-Yield Investment Opportunity – Major Upgrades, Minimal Finish Wor $165,000

High-Yield Investment Opportunity – Major Upgrades, Minimal Finish Wor

5,000
Location: binghamton


image 1 of 1

High-Yield Investment Opportunity – Major Upgrades, Minimal Finish Wor

$165,000

28 Lydia Street


6BR / 4Ba


2464ft2

available now

license info:
10401302147

QR Code Link to This Post

This is a cash-flowing deal you don’t want to miss. Most of the heavy lifting is already done—new roof (2024), newer furnace, updated electrical and plumbing, and vinyl windows—saving you time and capital. What’s left? Roughly $30K in interior finishes and $10K in porch repairs to bring this property to full market potential.

The pro forma numbers tell the story:
🔹 Gross Operating Income: $48,960
🔹 Net Operating Income: $37,000
🔹 Post-renovation Cap Rate: 18%
🔹 Price: $165K + $40K in renovations
🔹 Bridge Loan (80/100 LTV): $172K
🔹 DSCR: 2.48
🔹 ROI: 48%
🔹 GRM: 4.19
With RUBS utility billing and coin-op ladry potential, there’s room to push income even further. This is a turnkey value-add play in a growing market, with strong fdamentals and upside baked in.
Lock it up before someone else does. https://buildout.com/website/1520392-sale

post id: 7859638504

posted: 2025-06-20 10:51



[?]

Source link

Sign In

Register

Reset Password

Please enter your username or email address, you will receive a link to create a new password via email.