Investor Special Fix & Hold!

  • House
    1962 ft2
    bedroom 4 Bedrooms
    bathroom 3 Baths
  • Flip/Rental
    $117,000
    Status : Sold
    Year Built : 1985
 Description
ARV ~$165k
Property converted into a 4bd/2.5ba (was 3/2.5)
Market Rents in the $1300 range
Have not seen interior as eviction is currently in place but will be completed by 2/23
Anticipating a deep clean, trash out and just cosmetic upgrades.

*We are selling our equitable interest on this property. This will be an assignment of contract.
     Rehab Work Needed
     General Amenities
     Distance
    Image Gallery

     Summary

    Overview
    Investor Special Fix & Hold! Sold
    $117,000
    Property ID: FL190285390
    Address: Login to View
    City: Palm Bay
    State/Province: FL
    Zip Code: 32909
    Country: USA


    Rental Analysis

    + Purchase Price: $117,000
    + Purchase Closing Cost: $3,510
    + Rehab Cost: $10,000
    Total Acquisition Cost: $130,510


    Monthly Rent: $0
    + Annual Potential Rent: $0
    - Vacancy (3%): $0
    Annual Gross Income: $0
    Annual Gross ROI: 0%


    Flip Analysis

    + Purchase Price: $117,000
    + Purchase Closing Cost: $3,510
    + Rehab Cost: $15,000
    Total Acquisition Cost: $135,510


    + Selling closing cost: $4,950
    + Agent Commision : $4,950
    Total Holding Cost: $9,900


    Total Flip Cost: $145,410
    Projected ARV: $165,000
    Net Income (Profit): $19,590
    CAP Rate: 13.47%

     Message

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