Off Market Rental Property With Great Upside!

  • House
    528 square_feet
    bedroom 2 Bedrooms
    bathroom 1 Baths
  • Flip/Rental
    $45,000
    Status : Available
    Year Built : 1920
 Description
2nd NE Winter Haven FL 33881

$45k

ARV $70k+/-
-2bd/1ba 528 sqft
-Wood frame
-City water/sewer
-Built in 1920
-Tenant Occupied $650/mo
-Market rents $800
-$0-3k rehab estimate for touch ups if keeping as a rental
-$10k+/- rehab estimate if wanting to flip, would need to give tenants a 30 day notice

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 Rehab Work Needed
 General Amenities
 Distance
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 Summary

Overview
Off Market Rental Property With Great Upside! Flip/Rental
$45,000
Property ID: FL19098969
Address: Login to View
City: Winter Haven
State/Province: FL
Zip Code: 33881
Country: USA


Rental Analysis

+ Purchase Price: $45,000
+ Purchase Closing Cost: $1,350
+ Rehab Cost: $3,000
Total Acquisition Cost: $49,350


Monthly Rent: $800
+ Annual Potential Rent: $9,600
- Vacancy (3%): $288
Annual Gross Income: $9,312
Annual Gross ROI: 18.87%


Flip Analysis

+ Purchase Price: $45,000
+ Purchase Closing Cost: $1,350
+ Rehab Cost: $10,000
Total Acquisition Cost: $56,350


+ Selling closing cost: $2,100
+ Agent Commision : $2,100
Total Holding Cost: $4,200


Total Flip Cost: $60,550
Projected ARV: $70,000
Net Income (Profit): $9,450
CAP Rate: 15.61%

 Message

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