Tuesday, September 29, 2009

Bank Owned Newer Built 3/2 East Orlando Fl


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Financial Analysis
Price $69,000
Closing Cost $2,500
Rehab $5,000
Total Cash Investment $76,500
ARV $110,000
Vacancy Rate 6.80%
Rent 1,100
Tax+Ins. 300
Monthly Cash Flow 800


Yearly Cash Flow 9600
Net Vacancy 8947.2
ROI (Full Occupancy) 12.55%
Adjusted ROI (Net Vacancy) 11.70%
Equity $33,500


Property Highlights
Sqft: 1130
Beds: 3
Baths: 2
Construction Block
Year 1994
Wholesale Price: $69,000
After Repair Value: $110,000
Repair: $5,000
Area Zip Code: 32822
Subdivision: Pine Ridge Hollows
Notes: 3/2 home of Goldenrod just south of Curry Ford. Newer Home built in 1994. Garage is partially converted into a laundry room. Needs vanity tops in bathroom along with minor cosmetic updates. Great house

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