CASH FLOW Opportunity 14% ROI for Cash Buyer

House

864 ft²

3 Bedrooms

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