Nice rental or Quick Flip with Historic District benefits!

  • House
    1456 square_feet
    bedroom 2 Bedrooms
    bathroom 1 Baths
  • Flip/Rental
    $78,000
    Status : Available
    Year Built : 1920
 Description
11th St Zephyrhills FL 33542

$78k
ARV $130k
CAP 16%

2bd/1ba 1456 sqft
Wood frame
City water/sewer
Market rents $1100
Built 1920
Roof replaced in 2006 with a 30 year dimensional shingle

Overall it is rent ready but could also be a good flip if interior is upgraded
and can turn attachment into large master bath turning it into a 2bd/2ba

Historic house on double lot, enough room to build a guest house
The city even offers $5k for buying a house in the historic district and
the house will be eligible for city historic incentives next year in 2020 for its 100th birthday.
Great selling point if you decide to fix and flip! this perk is not available for investors.


Contact for more info!
 Rehab Work Needed
 General Amenities
 Distance
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 Summary

Overview
Nice rental or Quick Flip with Historic District benefits! Flip/Rental
$78,000
Property ID: FL191021849
Address: Login to View
City: Zephyrhills
State/Province: FL
Zip Code: 33542
Country: USA


Rental Analysis

+ Purchase Price: $78,000
+ Purchase Closing Cost: $2,340
+ Rehab Cost: $2,000
Total Acquisition Cost: $82,340


Monthly Rent: $1,100
+ Annual Potential Rent: $13,200
- Vacancy (3%): $396
Annual Gross Income: $12,804
Annual Gross ROI: 15.55%


Flip Analysis

+ Purchase Price: $78,000
+ Purchase Closing Cost: $2,340
+ Rehab Cost: $15,000
Total Acquisition Cost: $95,340


+ Selling closing cost: $3,900
+ Agent Commision : $3,900
Total Holding Cost: $7,800


Total Flip Cost: $103,140
Projected ARV: $130,000
Net Income (Profit): $26,860
CAP Rate: 26.04%

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