1404 Walnut St, Harrisburg PA 17103

3 bed/1 bath, 1,204 sq ft / Done & Rented

 

About the project

Terrific all brick townhome located close to downtown Harrisburg, the State Capital Complex, Reservoir Park, State St Bridge, and easy access to all major shopping and entertainment venues. 3 bed 1 bath. 1,204 sq. feet. New gas hot water heater. New gas hot water heating system. Hardwood floors throughout entire 1st floor. New kitchen. Cute rear yard. Will have a new 2 year lease in place. Rock solid home built very well. Entire home was rehabbed within the last 4 years and has been under professional property management the entire time.

Price:                              $84,900

Renovation:                  $0

Total All In:    $84,900

Rent:                                $945/mo

Property Mgmt (6%):   $57

Insurance:                       $38

Taxes:                               $162

Maintenance (5%):         $47

Vacancy (7%):                 $66

Total Expenses:              $370

NOI per month:              $575

Cap Rate:                         8.13%

GRM:                                 7.49

Comps*:                           $90,000

* Comps are NOT a guarantee, but an estimation of after repair value (ARV)