Monday, September 21, 2009

Bank Owned 6/4 Landlord Property in Sky Lake

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Financial Analysis
Price $59,000
Closing Cost $2,500
Rehab $4,000
Total Cash Investment $65,500
ARV $110,000
Vacancy Rate 7.90%
Rent 1,400
Tax+Ins. 300
Monthly Cash Flow 1,100


Yearly Cash Flow 13200
Net Vacancy 12157.2
ROI (Full Occupancy) 20.15%
Adjusted ROI (Net Vacancy) 18.56%
Equity $44,500


Property Highlights
Sqft: 1906
Beds: 6
Baths: 4
Construction Block
Wholesale Price: $59,000
After Repair Value: $110,000
Repair: $4,000
Area Zip Code: 32809
Subdivision: Sky Lake
Notes: This home consist of a 3/1 in the front portion of the house, with three 1/1 studios in the rear. The seller is making repairs from the minor damage caused by a small leak in he laundry room. The permit status for the studios is unknown. This home has excellent income generating potential.

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