1091 Milltown Rd Verona, PA 15147
Rent Payment Guarantee
Have peace of mind and consistent cash flow with the Roofstock Rent Payment Guarantee. These vacant properties come with up to 12 continuous months of guaranteed rent payments from Roofstock, giving you and your property manager time to select the right tenant. Terms and conditions apply, see property pages for details.
  • Count on guaranteed rent for the entire first year
  • Your new property manager will help you find the right tenant, we’ll pay your rent in the meantime
Get the details
3bd, 1ba | 1,182sqft | Built in 1921
Inspection Contingency 
An inspection contingency may be requested on this property and Roofstock will schedule it once the contract is signed. Please see the diligence vault for any prior inspection report.
More details
  • Property Valuation:
    $90,000 - $109,000
  • Estimated Market Rent: $1,100
  • Inspection Report:
    Estimated Repairs: $2,500
  • Title: Clearance at Closing
Listing Broker: Howard Hanna
  • Lease Started
  • Lease Ends
  • Rent Status
    Vacant
  • Lot Size
    40,900
  • HOA
    None
  • Flood Risk
    Not Required
    Flood insurance policy is not required. For additional information click here.
Partner Listing
Rent Guaranteed

Certified Property Managers

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Initial Investment
This is the estimated amount of capital needed to purchase the property. This amount includes: your down payment, loan & acquisition fees, closing costs and immediate repair costs.

Estimates:
Down Payment: $25,000
Closing Costs: $2,500
Immediate Repair Costs: $2,500
$30,000
  • Prior Rent | Market Rent
    Market rent is based on third party rent forecasts for this property. To view current rent, select Current Rent from the menu at the top.
    $0.93/sqft
    $1,100
  • Appreciation
    Annual appreciation percentage is adjusted based on the selection in Financial Details section.
    3.4%
  • Cap Rate | Gross Yield
    Capitalization rate is the percentage return calculated by dividing net operating cash flow in Year 1 by the property purchase price. Your net operating cash flow excludes your loan costs.
    8.3%
  • Cash Flow | Cash on Cash
    First year net cash flow received after all operating expenses, capital expenditures, property taxes and debt payments. Assuming 5% vacancy and debt payments based on the lending assumptions selected.
    $2,966
Est. Total Cash Return
Is the sum of your estimated (i) annual net operating cash flows over 5 years plus (ii) property net sale proceeds minus your initial investment and outstanding loan balance.
in 5 Years
$32,392
IRR
A measure of annualized net return on an equity investment. Equals the discount rate at which the sum of the present value of all cash flows is zero. Calculation is based on actual and budgeted values.
in 5 Years
18.2%
List Price: $100,000
Price
Roofstock Realty’s policy is to not represent buyers on Partner Listings who wish to present offers less than 90% of the proposed price. You should seek other representation for offers below this amount.

PL-02

$100,000
Down Payment
Portion of the property price at the time of purchase when using leverage, or full purchase price when buy all cash.
25%
Loan Interest Rate
The loan interest rate of 4.750% is based on 75% or lower loan to home value for a 30 year loan.
4.750%

Estimated Total Gain
Is the cumulative sum of your estimated (i) annual net operating cash flows, (ii) property appreciation, and (iii) equity balance increase (excluding your initial investment) at a point in time. Unlike the Estimated Total Cash Return, Total Gain does not assume asset disposition and is only representative of potential gain during the holding period.

How it works

Check out a step-by-step overview of our investment process.
Learn more

Rent Guarantee Program Summary

Enjoy immediate cash flow while reducing leasing risk. This vacant property comes with up to 12 continuous months of guaranteed rent payments from Roofstock, giving you and your property manager time to select the right tenant. Roofstock will also pay your property manager’s initial leasing fee.

How you benefits

  • Count on steady rental income for the first year of ownership
  • Choose your own tenant
  • No upfront tenant placement costs to you

Terms and Conditions

  • You must use a Roofstock certified property manager during the term of the guarantee.
  • The guaranteed rent paid by Roofstock will equal 90% of the estimated market rent at the time of closing, as determined by your property manager.
  • This guarantee is non-transferable.
  • The guarantee starts on the first full calendar month following the closing of the sale of the property.
  • This guarantee will end at the earlier of: (1) when the property is initially leased by your property manager and the tenant moves into the property or (2) 12 months from the first day of the first full calendar month following the closing of the property.
  • Roofstock may terminate this offer at any time.

Partner Listing Summary

Lease and Tenant Summary

Financing Options

Property Management Options

Investment Terms