CASH FLOW Opportunity 14% ROI for Cash Buyer

  • House
    864 ft2
    bedroom 3 Bedrooms
    bathroom 1 Baths
  • Rental
    $55,000 0
    Status : Sold
    Year Built : 1960
 Description
Property overview, out of 60 available homes in this zip code, this is the second cheapest 3 bedroom SFH by purchase price, and 4th cheapest  by LP Sqft. This solid block home simply needs a light rehab to place a tenant at market rent for a 14% Gross ROI. 

Property features include, shingle roof, vinyl & laminate throughout the home, older kitchen & bathroom, A/C window units. Only minutes from downtown Lakeland, and all major toll roads. 

Rent rehab: 15K, interior paint, flooring, Kitchen & bath updates, drywall repair, A/C window units, misc cosmetics is recommended.

If deciding to flip, I can see ARV sale price for 75-80k from comparables.


 Rehab Work Needed
  • Appliances
  • Bathroom
  • Bedroom
  • Floor
  • Kitchen
  • Living Room
  • Paint Interior
 General Amenities
 Distance
  • Hospital : 1 Minutes
  • Playground : 1 Minutes
Image Gallery

 Summary

Overview
CASH FLOW Opportunity 14% ROI for Cash Buyer Sold
$55,000
Property ID: 5b7ce0986ab97
Address: Login to View
City: Lakeland
State/Province: FL
Zip Code: 33805
Country: USA


Rental Analysis

+ Purchase Price: $55,000
+ Purchase Closing Cost: $0
+ Rehab Cost: $15,000
Total Acquisition Cost: $70,000


Monthly Rent: $950
+ Annual Potential Rent: $11,400
- Vacancy (5%): $570
Annual Gross Income: $10,830
Annual Gross ROI: 15.47%


 Message

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