Amazing 16% Gross ROI - CASH FLOW All Day

  • House
    936 ft2
    bedroom 2 Bedrooms
    bathroom 1 Baths
  • Flip/Rental
    $48,900
    Status : Sold
    Year Built : 1920
 Description
Currently this is the cheapest SFH available in the entire Bartow 33830 Zip code, by purchase price and by LP Sqft. The seller has done mostly all of the major repairs, leaving only flooring, fixtures kitchen & bath to be finished. After performing a light rehab, simply place a tenant at market rent for an amazing 16% Gross ROI. 

Property features include, new architectural shingle roof, new windows, newer cabinets, new fence, front steps,Only minutes from Downtown Bartow, and all Major Toll Roads.

Rent rehab: 10-15K, interior paint, flooring, kitchen and bath updates, drywall repair, fixtures, misc cosmetics is recommended.
 Rehab Work Needed
  • Bathroom
  • Floor
  • Kitchen
  • Light Fixtures
  • Paint Interior
 General Amenities
 Distance

 Summary

Overview
Amazing 16% Gross ROI - CASH FLOW All Day Sold
$48,900
Property ID: 5b7cc83c8f779
Address: Login to View
City: Altamonte Springs
State/Province: FL
Zip Code: 33830
Country: USA


Rental Analysis

+ Purchase Price: $48,900
+ Purchase Closing Cost: $1,712
+ Rehab Cost: $10,000
Total Acquisition Cost: $60,612


Monthly Rent: $850
+ Annual Potential Rent: $10,200
- Vacancy (0%): $0
Annual Gross Income: $10,200
Annual Gross ROI: 16.83%


Flip Analysis

+ Purchase Price: $48,900
+ Purchase Closing Cost: $1,956
+ Rehab Cost: $12,500
Total Acquisition Cost: $63,356


+ Selling closing cost: $1,500
Total Holding Cost: $1,500


Total Flip Cost: $64,856
Projected ARV: $75,000
Net Income (Profit): $10,144
CAP Rate: 15.64%

 Message

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