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Condo in North Miami Beach! Cash Buyers Only!

Condo

970 ft²

2 Bedrooms

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

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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%

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