Single Family Cash-flow positiveWithin your budget
212 Gilman Street
212 Gilman Street, Needles, CA
2 beds 1 baths 875 sqft
Diamond in the Rough, Investor Special! This 2-bed, 1-bath fixer offers 875 sq ft of living space on a 6,250 sq ft lot, a true blank canvas for your imagination. Ideal for investors or buyers looking to add value, this property offers strong upside and expansion potential (buyer to verify). Bring your vision and transform this opportunity into something special. Sold as-is.
List price
$50,000
Est. monthly rent
$1,400
DSCR4.10×
Lender minimum: 1.25×
Monthly cash flow
$813
Cash-on-cash return
65.03%
Down payment (25%)$12,500
Closing costs (5%)$2,500
Total cash needed$15,000
Loan amount (75%)$37,500
Monthly mortgage (7.50%, 30yr)$262
Annual property taxes$625
Insurance, vacancy, mgmt.$3,274
Net operating income (yr)$12,901
Gross yield33.60%