Tuesday, September 29, 2009

Bank Owned 3/2 Orlando Fl Near Apopka Vineland and Silver Star



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Financial Analysis
Price $69,000
Closing Cost $2,500
Rehab $3,500
Total Cash Investment $75,000
ARV $110,000
Vacancy Rate 7.00%
Rent 1,100
Tax+Ins. 300
Monthly Cash Flow 800


Yearly Cash Flow 9600
Net Vacancy 8928
ROI (Full Occupancy) 12.80%
Adjusted ROI (Net Vacancy) 11.90%
Equity $35,000


Property Highlights
Sqft: 1310
Beds: 3
Baths: 2
Construction Block
Year 1986
Wholesale Price: $69,000
After Repair Value: $110,000
Repair: $3,500
Area Zip Code: 32839
Subdivision: Silver Ridge Phase 1
Notes: This is a clean 3/2 in a nice area, the house was built in 1986. This house sold for $230,000 in 2007 and when it was built in 1986 it sold for $74,800.

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