Thursday, September 17, 2009

Bank Owned Property in Apopka 3/2.5 1311 Sqft

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Financial Analysis
Price$62,000
Closing Cost$2,500
Rehab$10,000
Total Cash Investment$74,500
ARV$105,000
Vacancy Rate6.50%
Rent1,050
Tax+Ins.235
Monthly Cash Flow815


Yearly Cash Flow9780
Net Vacancy9144.3
ROI (Full Occupancy)13.13%
Adjusted ROI (Net Vacancy)12.27%
Equity $30,500


Property Highlights
Sqft:1311
Beds:3
Baths:2.5
ConstructionBlock
Wholesale Price: $62,000
After Repair Value:$105,000
Repair:$10,000
Area Zip Code:32703
Subdivision:Lake Hammer Estates

Notes: Great 2 story home in Apopka Fl, clean house. Home sold for $74,900 when it was built in 1994

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