Great investment property that needs very little TLC with a 22% CAP!

  • House
    1152 square_feet
    bedroom 3 Bedrooms
    bathroom 3 Baths
  • Flip/Rental
    $53,000
    Status : Available
    Year Built : 1996
 Description
Coral Bells Ave Homosass FL 34448

$53k
ARV $84k/22% CAP

3bd/3ba 1152 sqft
Roof was replaced in 2017
Mobile home
City water/ sewer
Year built 1996
Market rents $1100

Comes with new tubs, toilets and stainless steel appliances
Baths and floors are almost complete
Rehab estimate $5-7k


All this one needs is a little TLC and it is good to go!

 Rehab Work Needed
 General Amenities
 Distance
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 Summary

Overview
Great investment property that needs very little TLC with a 22% CAP! Flip/Rental
$53,000
Property ID: FL191042737
Address: Login to View
City: Homosassa
State/Province: FL
Zip Code: 34448
Country: USA


Rental Analysis

+ Purchase Price: $53,000
+ Purchase Closing Cost: $1,590
+ Rehab Cost: $5,000
Total Acquisition Cost: $59,590


Monthly Rent: $1,100
+ Annual Potential Rent: $13,200
- Vacancy (3%): $396
Annual Gross Income: $12,804
Annual Gross ROI: 21.49%


Flip Analysis

+ Purchase Price: $53,000
+ Purchase Closing Cost: $1,590
+ Rehab Cost: $7,000
Total Acquisition Cost: $61,590


+ Selling closing cost: $2,520
+ Agent Commision : $2,520
Total Holding Cost: $5,040


Total Flip Cost: $66,630
Projected ARV: $84,000
Net Income (Profit): $17,370
CAP Rate: 26.07%

 Message

3 X 2 = ?