Assignable Contract — 3BR Single Family, ~$110,000K Equity · Albany, NY

About this deal

Assignable purchase contract on a 3-bed, 2.0-bath single-family home located at 55 Elk Street, Albany, NY. Contract price $285,000. Assignment fee is pre-negotiated and already priced in. Comps support solid post-rehab value — an equity play with minimal work required.

The numbers

Cap rate

5%

Net operating income

$12,180/yr

Cash flow

+$1,015/mo

Occupancy

19 of 111 units

Figures are provided by the seller and haven’t been verified by ListDeed. Do your own due diligence.