Priced as low as they can go. These two central Columbia properties are situated in one of the city’s strategic neighborhood zones. The homes are both eligible for the various incentives and grants provided by the City of Columbia. These quaint three bedroom and one bath homes have several items that have been updated within the past five years. Madison is currently rented for $550/mo. Highview just became vacant and needs some repairs. Market rent from both when full is $1,100/mo.
This is an interest only seller financed deal and both properties are required as a package. With seller financing, an investor can grab these for little down and cash flow with a terrific return right away. See details below. Call to schedule a walk through today: 573-397-7655
210 Highview Ave, Columbia, MO 65203
1010 Madison St, Columbia, MO 65203
Down payment due at close: $9,000
Estimated Repairs/Closing $3,000
Estimated Rent $1,100
Monthly Net Operating Income $660
Interest only debt service $298
Monthly Cash Flow $362
Annual Cash Flow $4,344
Cash ROI 36%
Purchase price: $74,000
Balance due after 5 yrs $65,000
(NOTE: I Buy Mid-MO Houses is marketing a contract to purchase this property)
A portion of all profits are donated to local Habitat for Humanities or other affordable housing initiatives. Thank you for your business!