26 Walnut Ave, Waterbury, CT 06704

This 3 family is ready to be rented as is. There is someone living on the 3rd floor apartment paying rent, so the apartments are livable. Purchase Price= $45,000Repairs= $10,000ARV= $70,000Comps 1. 112 Rose st Wtby, CT sold for $65,000 on 10/19/12 3800sqft 8 beds 3 baths2. 50 Welton st Wtby, CT sold for $65,000 on 2/27/13 12brs 3 baths 3930sqft 3. 102 Hill st Wtby, CT sold for $75,000 on 2/21/13 9brs 3baths 3588sqftRents for $825 each apartmentTotal rent income $2475Property Management $198 a month for all 3 AptsMaintenance fee $105 a month for all 3 AptsTaxes $490 monthlyInsurance $525 monthlyWater and Sewage $133 a month for all 3 AptsVacancy $250Cash Flow $775 a monthROI 16%