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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Needs minor repairs (Outdated.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
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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 = ?