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249 Saint John Dr Cahokia, IL 62206 4 Bedrooms     2 Bathrooms    1628 Sq Ft

Property Overview

Description Four bedrooms, 2 bathrooms, 1,628 sq. ft. ranch style house built in 1955 is waiting for your finishing touches to start cash flowing nicely! Nearly full-gut rehab for a NEW kitchen, mostly NEW bathrooms, NEW HVAC system, NEW lighting, NEW 200 AMP electric service! RENTAL Deal Summary Annual Gross Income: $10,800 (approx) Annual Real Estate Taxes: $2,600 (approx) Annual Insurance: $900 (approx) Annual Maintenance & Misc: $1,080 (approx) Annual Property Management: $1,080 (approx) Annual Net Operating Income: $5,140 (approx) Rent Ready Rehab Cost: $5,000 ***Net Return on Investment = 20.8%*** Property needs: - Some drywall finishing - New kitchen cabinets, counter, sink - Paint walls, ceiling, and doors - Install flooring in bedrooms (materials included) - Baseboard throughout - New bathroom vanities and mirrors - Install toilets (materials included) - Clear up the overgrowth in backyard TRADITIONAL Deal Summary ARV = $45,000+ 65% ARV = $29,250 Repairs = $5,000 65% ARV - Repairs = $24,250 SALES PRICE = $19,700 DISCOUNT of $4,550!!!! Serious Cash Buyers Only!

Property Details

    • Price: $19,700.00
    • Bedrooms: 4.0
    • Bathrooms: 2.0
    • Square Footage: 1,628
    • Garage: N/A