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 Condo in North Miami Beach! Cash Buyers Only!

  • Condo
    970 ft2
    bedroom 2 Bedrooms
    bathroom 2 Baths
  • Flip/Rental
    $72,000
    Status : Sold
    Year Built : 1969
 Description
Email for info! jessy@joycereidcapital.com
MUST CONTACT TO SCHEDULE A WALK THRU
this will be an assignment of contract - cash buyers only!

$72k + cc
16850 S Glade Dr Apt 2k North Miami Beach, FL 33162
2bd/2ba 970sqft
market rents $1500
Needs cosmetic redone for most of the place, walls, kitchen, bathrooms, light electrical work
 Rehab Work Needed
 General Amenities
 Distance
Location Map
Image Gallery
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 Summary

Overview
Condo in North Miami Beach! Cash Buyers Only! Sold
$72,000
Property ID: FL190287997
Address: Login to View
City: Miami Beach
State/Province: FL
Zip Code: 33162
Country: USA


Rental Analysis

+ Purchase Price: $72,000
+ Purchase Closing Cost: $2,160
+ Rehab Cost: $20,000
Total Acquisition Cost: $94,160


Monthly Rent: $1,500
+ Annual Potential Rent: $18,000
- Vacancy (3%): $540
Annual Gross Income: $17,460
Annual Gross ROI: 18.54%


Flip Analysis

+ Purchase Price: $72,000
+ Purchase Closing Cost: $2,160
+ Rehab Cost: $20,000
Total Acquisition Cost: $94,160


+ Selling closing cost: $3,600
+ Agent Commision : $3,600
Total Holding Cost: $7,200


Total Flip Cost: $101,360
Projected ARV: $120,000
Net Income (Profit): $18,640
CAP Rate: 18.39%

 Message

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