Add to your Rental Portfolio - Debary FL

Apartment

1 ft²

2 Bedrooms

2 Baths
Rental

$64,900 0

Status : Sold

Year Built : 1986

Description

The subject property is located in the city of Debary. We feel that it would make an excellent rental because it is the cheapest property in the entire city (by PPSF),the 6th cheapest property in the entire Volusia County and has the potential to earn an investor a 13% ROI. It can be purchased for $64.900,needs nothing repairs as a rental, so you would be all into the project for roughly $67,400. The rental comps of renovated homes in the area, lead us to believe this property has a $75,000 ARV. This means an investor has $7,000 worth of equity sitting in the property. Call or email your Stonebridge agent for more details. This property is certain to sell quickly.

Community includes:
- Screened pool, heated spa, pavilions, outdoor grills, boat ramp
AC is in working condition
Kitchen appliances included
Ceramic tiles in wet areas
7-month minimum lease period.
Washer and dryer included
Split floor plan
Assigned parking/guest parking
Cheapest property in Debary

Rent Rehab: None

Avg Rent = 1,000/mo
Gross Rent ROI = 13.96%

Current Rent = 725/mo
Current Gross ROI = 9.07%