Monday, September 14, 2009

Bank Owned 3/2 in Metrowest Must See!!!

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Financial Analysis

Price

$57,000

Closing Cost

$2,500

Rehab

$9,000

Total Cash Investment

$68,500

ARV

$95,000

Vacancy Rate

6.90%

Rent

1,000

Tax+Ins.

300

Monthly Cash Flow

700





Yearly Cash Flow

8400

Net Vacancy

7820.4

ROI (Full Occupancy)

12.26%

Adjusted ROI (Net Vacancy)

11.42%

Equity

$26,500





Property Highlights

Sqft:

1043

Beds:

3

Baths:

2

Construction

Block

Wholesale Price:

$57,000

After Repair Value:

$95,000

Repair:

$9,000

Area Zip Code:

32835

Subdivision:

Westmont



Notes: Great rental home previously sold for $200,000 in January 2006. Needs carpet, paint, new A/C unit and updated kitchen. Must see in Metrowest!!!!

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