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

 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

9 + 8 = ?