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 Single Family w Or Efficiency in Pompano Beach FL

  • House
    1133 square_feet
    bedroom 4 Bedrooms
    bathroom 3 Baths
  • Flip/Rental
    $179,000
    Status : Available
    Year Built : 0
 Description
(Not on MLS)

Cheapest available 4/3 in zipcode

4/3
1,133 sqft
CBS
5,127 Sqft Lot

Lcoated in opportunity zone east of Florida Turnpike.
Needs minor repairs (Outdated. Had fenced in yard.

Local Rents up to $2,000 per month

Remodeled SFH Nearby are going for up to $245k & up to $274k.

House has partition section in the rear with a seperate entrance that can be used as efficiency or converted back.

The property will be vacant upon closing.

Currently occupied. showing by appointment only







 Rehab Work Needed
 General Amenities
 Tags
Single Family  Off Market  Cashflow  Fix n Flip 
Location Map
Image Gallery
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 Summary

Overview
Single Family w Or Efficiency in Pompano Beach FL Flip/Rental
$179,000
Property ID: FL200211544
Address: Login to View
City: Pompano Beach
State/Province: FL
Zip Code: 33069
Country: USA


Rental Analysis

+ Purchase Price: $179,000
+ Purchase Closing Cost: $5,370
+ Rehab Cost: $40,000
Total Acquisition Cost: $224,370


Monthly Rent: $2,000
+ Annual Potential Rent: $24,000
- Vacancy (3%): $720
Annual Gross Income: $23,280
Annual Gross ROI: 10.38%


Flip Analysis

+ Purchase Price: $179,000
+ Purchase Closing Cost: $5,370
+ Rehab Cost: $40,000
Total Acquisition Cost: $224,370


+ Selling closing cost: $7,800
+ Agent Commision : $7,800
Total Holding Cost: $15,600


Total Flip Cost: $239,970
Projected ARV: $260,000
Net Income (Profit): $20,030
CAP Rate: 8.35%

 Message

4 + 5 = ?