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 Bartow, GREAT FLIP OR BUY & HOLD UNDER 60K

  • House
    1050 acre
    bedroom 3 Bedrooms
    bathroom 1 Baths
  • Flip/Rental
    $58,900
    Status : Sold
    Year Built : 1958
 Description
Property Overview:  This is your chance to own the second cheapest home in the entire city of Bartow. With this 3 bedroom block home you have different options. Do a Minor rehab and place tenants, to get it cash flowing at a 17% ROI or do a full rehab and flip it, to cash in on a great profit. Take a look at the Flip and Rental analysis for a breakdown of your Return on Investment. Don't wait to long, this deal is sure to sell fast.

Property Features include;  Block Home with sturdy older roof, laminate floors throughout. Well maintained kitchen and bath. Located near all major highways and shopping centers. Call or email for more details. This property is certain to sell quickly.
 Rehab Work Needed
  • Floor
  • Paint Interior
  • Roof
 General Amenities
 Distance
Location Map
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 Summary

Overview
Bartow, GREAT FLIP OR BUY & HOLD UNDER 60K Sold
$58,900
Property ID: 5ba9264e974cf
Address: Login to View
City: Altamonte Springs
State/Province: FL
Zip Code: 33830
Country: USA


Rental Analysis

+ Purchase Price: $58,900
+ Purchase Closing Cost: $1,178
+ Rehab Cost: $15,000
Total Acquisition Cost: $75,078


Monthly Rent: $975
+ Annual Potential Rent: $11,700
- Vacancy (0%): $0
Annual Gross Income: $11,700
Annual Gross ROI: 15.58%


Flip Analysis

+ Purchase Price: $58,900
+ Purchase Closing Cost: $1,767
+ Rehab Cost: $30,000
Total Acquisition Cost: $90,667


+ Selling closing cost: $3,600
Total Holding Cost: $3,600


Total Flip Cost: $94,267
Projected ARV: $120,000
Net Income (Profit): $25,733
CAP Rate: 27.3%

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