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3148 Looney Street

Shreveport, TX 71103

Listing courtesy of Steven Pracht, Pinnacle Realty Advisors

$65,000

For Sale

Beds

Baths

Sqft

995

Year Built

1989

About this home

Tenant-occupied, income-producing Shreveport rental offered at $65,000. This 2-bedroom, 1-bath home is currently rented for $850 per month, producing $10,200 in gross annual income. Owner-reported property taxes and insurance total approximately $1,462 annually. Including a pro forma $75 monthly management allowance, estimated recurring expenses are $2,362 annually, producing estimated NOI of $7,838 and a 12.06% cap rate at the asking price, before vacancy, repairs, capital expenditures and reserves. Seller reports the home was completely remodeled before tenant placement, including electrical, plumbing, water heater and roof, which may reduce near-term deferred-maintenance risk. Lease, payment history, expense documentation and investor operating analysis are available for review. Please do not disturb the tenant. Showings must be scheduled through the listing agent. Financial information is provided by the owner and should be independently verified by the buyer