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%
2 Bedrooms
2 Baths
Sold
