Property ID:
5b7e1b443c63c
City:
Ormond Beach
State/Province:
FL
Zip Code:
32176
Country:
USA
Rental Analysis
+ Purchase Price:
$799,900
+ Purchase Closing Cost:
$0
+ Rehab Cost:
$100,000
Total Acquisition Cost:
$899,900
+ Annual Potential Rent:
$144,000
- Vacancy (10%):
$14,400
Annual Gross Income:
$129,600
Annual Gross ROI:
14.4%
+ Property Taxes:
$13,598
+ Insurance (6 Months):
$700
+ HOA Fees:
$0
+ Miscellaneous Expenses:
$11,520
Total Annual Expenses:
$25,818
Monthly Rent:
$12,000
Monthly Net Cash Flow:
$8,649
Net Operating Income:
$103,782
CAP Rate:
11.53%