Property Description

This 3rd-floor end-unit condo is a high-yield, low-entry investment opportunity priced at just $64,999. With a market rent of $1,050/month ($12,600 annually), this asset delivers an estimated gross yield of ~19.4%???well above typical market returns. With conservative operating assumptions (taxes, insurance, HOA, and maintenance), investors can expect strong cash flow potential and an estimated cap rate in the 10???12% range, depending on expense structure. The property is currently positioned for immediate income through mid-November, minimizing vacancy risk and offering a seamless transition for a new owner. Inside, the unit features vaulted cathedral ceilings in both the living room and primary bedroom, enhancing perceived value and tenant demand. A fireplace, breakfast bar, and dedicated dining space create a functional, attractive layout. The split-bedroom floor plan increases rental flexibility, ideal for roommates or maximizing occupancy. Durable finishes; including laminate, carpet, and vinyl flooring???help keep maintenance costs low, while the owner???s suite offers a garden tub and separate shower, adding to long-term tenant appeal and retention. At this price point, with a strong rent-to-price ratio (~1.6%) and proven rental performance, this condo is a turnkey investment with immediate cash flow and long-term upside???ideal for investors seeking solid returns without heavy renovation or capital expenditure. All financial figures, including rent estimates, yield, and cap rate projections, are based on current market data and typical expense assumptions. Actual performance may vary depending on ownership structure, financing, management, and operating costs. Buyers are encouraged to conduct their own due diligence and verify all information independently.

Property Features

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