Tuesday, September 29, 2009

Bank Owned 3/2 near Mall of Millenia.

Click on Image to Enlarge



Financial Analysis

Price

$66,000

Closing Cost

$2,500

Rehab

$7,000

Total Cash Investment

$75,500

ARV

$115,000

Vacancy Rate

7.00%

Rent

1,150

Tax+Ins.

300

Monthly Cash Flow

850

Yearly Cash Flow

10200

Net Vacancy

9486

ROI (Full Occupancy)

13.51%

Adjusted ROI (Net Vacancy)

12.56%

Equity

$39,500

Property Highlights

Sqft:

1210

Beds:

3

Baths:

2

Construction

Block

Year

1994

Wholesale Price:

$66,000

After Repair Value:

$115,000

Repair:

$7,000

Area Zip Code:

32839

Subdivision:

South Pointe

Notes: 3/2 home in Southpointe, just south of Americana Blvd. Nice home built in 1991. Side entry two car garage. Needs cosmetic update. Very close to the Millenia Mall.





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