Purchase Price: $185,000

Investor Financing Assumed: 25% Down | 30-Year Mortgage
HOA: $381/month
Taxes: $3,660/year
Insurance (est.): $700/year

  +---------+-----------+
|  Rent   | Cap Rate  |
+---------+-----------+
| $1,700  |  6.20%    |
| $1,750  |  6.53%    |
| $1,800  |  6.85%    |
+---------+-----------+ 

 +---------+--------+--------+--------+
|  Rent   |   5%   |   6%   |   7%   |
+---------+--------+--------+--------+
| $1,700  |  +210  |  +123  |   +32  |
| $1,750  |  +260  |  +173  |   +82  |
| $1,800  |  +310  |  +223  |  +132  |
+---------+--------+--------+--------+ 

✔ Positive cash flow even at 7% financing
✔ Strong DSCR profile for conventional investor loan

✔ Updated, move-in ready unit
✔ Strong rental demand in area
✔ HOA confirmed NO rental caps
✔ Recently toured by another experienced investor who liked the property
✔ Exterior maintenance handled through HOA
✔ Stabilized condo investment

Note: Another investor was interested but did not want to exceed $180K, while the seller does not want to go below $185K — which is why this opportunity is still available.

(6% Interest | $1,750 Rent | 5% Annual Appreciation)

 +---------+--------------+----------------+---------------+----------------+
|  Rent   | 5-Yr Cash    | Principal      | Appreciation  | Total Gain     |
|         | Flow         | Paydown        | (5% Annual)   | (5 Years)      |
+---------+--------------+----------------+---------------+----------------+
| $1,700  |  $7,380      |   $11,000     |   $51,000     |   $69,380      |
| $1,750  |  $10,380     |   $11,000     |   $51,000     |   $72,380      |
| $1,800  |  $13,380     |   $11,000     |   $51,000     |   $75,380      |
+---------+--------------+----------------+---------------+----------------+ 

 📊 5-Year Return on Investment (ROI) 

This is a stabilized, cash-flowing condo investment with:

• 6%–6.85% cap rate
• Immediate positive cash flow
• No rental caps
• Solid appreciation upside
• Low maintenance structure