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 Investor Special 4 unit cash flow with 18% CAP, near the Indian River

  • House
    1992 square_feet
    bedroom 1 Bedrooms
    bathroom 1 Baths
  • Flip
    $160,000
    Status : Sold
    Year Built : 1962
 Description
$160k

ARV $185k

Quad: 1/1
Sqft 1,992
Built in 1962
Block 
City Water 
Must schedule an appointment
Market rent $2800

1BD/1BA EACH UNIT PAYING $600/MO ($2400/MO) 

100% OCCUPANCY

UNITS ARE ALREADY RENOVATED AND IN GOOD CONDITION, BUT IF YOU WOULD LIKE TO REHAB ESTIMATE 1-5K TOTAL

BRAND NEW METAL ROOF PLACED ON PROPERTY

PROPERTY TAXES  2442 FOR THE YEAR
MONTHLY WATER IS 250/ MONTH
TENANTS PAY THEIR OWN ELECTRIC

Contact Romy for more information:
(407)801-4740

 Rehab Work Needed
 General Amenities
 Tags
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 Summary

Overview
Investor Special 4 unit cash flow with 18% CAP, near the Indian River Sold
$160,000
Property ID: FL200127814
Address: Login to View
City: Cocoa-Rockledge
State/Province: FL
Zip Code: 32922
Country: USA


Flip Analysis

+ Purchase Price: $160,000
+ Purchase Closing Cost: $4,800
+ Rehab Cost: $4,000
Total Acquisition Cost: $168,800


+ Selling closing cost: $5,550
+ Agent Commision : $5,550
Total Holding Cost: $11,100


Total Flip Cost: $179,900
Projected ARV: $185,000
Net Income (Profit): $5,100
CAP Rate: 2.83%

 Message

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