Great Investment Property!
308 5th Ave East, Watrous, Saskatchewan.
A 4 bedroom house for $15,000!?!? Too good to be true? sort of.
This 862 square foot, four-bedroom house on a 50’ x 140’ foot lot in Watrous, Saskatchewan is listed at $15,000. Is it a little” rough around the edges” Oh yeah. This foreclosed property would make a great investment.
There was an empty lot that sold in Watrous last year that was also 50 ft x 140 ft and it sold for $12,500.
Could you rent out a 4 bedroom house with a huge yard in Watrous for $600 a month? Sure you could! $600 a month rent brings in $7,200 a year. Taxes on this property are $2,416 a year, let’s add on $1,200 a year for maintenance, your costs are about $3,600 a year, that means your…