WOW! Eustis, FL 32726

  • House
    5349 acre
    bedroom 9 Bedrooms
    bathroom 6 Baths
  • Flip/Rental
    $229,900
    Status : Sold
    Year Built : 1919
 Description
Property Overview:
Property is in good condition and is fully rented out.  Located in nicely established part of Eustis walking distance to downtown.  One of the tenants has been there 10+ years and building never has a problem renting out.  The property has great returns and you will start earning money the day you close.  Property manager in place and would be willing to continue managing the property.

Unit breakdown
4  1/1’s  @  675 per month
1  2/1     @  750
1  3/2     @  850 (10 year tenant)

Property Features:
Large Parcel 1.36 acres
Tenants pay all utilities
Each unit is individually metered
Centrally located in the heart of Eustis close to schools, hospital and bus lines
Tied into City water&sewer


 Rehab Work Needed
 General Amenities
 Distance

 Summary

Overview
WOW! Eustis, FL 32726 Sold
$229,900
Property ID: 5ba53a6503bce
Address: Login to View
City: Sanford
State/Province: FL
Zip Code: 32726
Country: USA


Rental Analysis

+ Purchase Price: $229,900
+ Purchase Closing Cost: $6,897
+ Rehab Cost: $0
Total Acquisition Cost: $236,797


Monthly Rent: $4,300
+ Annual Potential Rent: $51,600
- Vacancy (0%): $0
Annual Gross Income: $51,600
Annual Gross ROI: 21.79%


Flip Analysis

+ Purchase Price: $229,900
+ Purchase Closing Cost: $6,897
Total Acquisition Cost: $236,797


+ Selling closing cost: $12,000
Total Holding Cost: $12,000


Total Flip Cost: $248,797
Projected ARV: $400,000
Net Income (Profit): $151,203
CAP Rate: 60.77%

 Message

6 + 1 = ?