Thursday, October 29, 2009

(SOLD) 3/2 in Sanford Florida for 35k....Super Cheap!!

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Financial Analysis
Price $35,000
Closing Cost $2,500
Rehab $8,500
Total Cash Investment $46,000
ARV $70,000
Vacancy Rate 8.90%
Rent 900
Tax+Ins. 250
Monthly Cash Flow 650


Yearly Cash Flow 7800
Net Vacancy 7105.8
ROI (Full Occupancy) 16.96%
Adjusted ROI (Net Vacancy) 15.45%
Equity $24,000


Property Highlights
Sqft: 1050
Beds: 3
Baths: 2
Construction Block
Year 1961
Wholesale Price: $35,000
After Repair Value: $70,000
Repair: $8,500
Area Zip Code: 32771
Subdivision: San Lanta
Notes: 3/2 Sanford in Florida....super cheap great cashflow property.

Wednesday, October 21, 2009

(SOLD) $25,000 Cheap Cashflow House



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Financial Analysis
Price $25,000
Closing Cost $2,500
Rehab $10,000
Total Cash Investment $37,500
ARV $55,000
Vacancy Rate 8.60%
Rent 700
Tax+Ins. 265
Monthly Cash Flow 435


Yearly Cash Flow 5220
Net Vacancy 4771.08
ROI (Full Occupancy) 13.92%
Adjusted ROI (Net Vacancy) 12.72%
Equity $17,500


Property Highlights
Sqft: 1181
Beds: 3
Baths: 1.5
Construction Block
Year 1958
Wholesale Price: $25,000
After Repair Value: $55,000
Repair: $10,000
Area Zip Code: 32805
Subdivision: Haralson
Notes: 3/1.5 Cheap house, needs paint and carpet or tile, updates to kitchen and bathroom. Also needs to be ducted for central A/C otherwise has wall units now.

Friday, October 16, 2009

(SOLD) Bank Owned in Skylake Orlando Fl....3/2 with appliances

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Financial Analysis
Price $59,000
Closing Cost $2,500
Rehab $2,000
Total Cash Investment $63,500
ARV $100,000
Vacancy Rate 5
Rent 1,000
Tax+Ins. 300
Monthly Cash Flow 700


Yearly Cash Flow 8400
Net Vacancy 7963
ROI (Full Occupancy) 13.23%
Adjusted ROI (Net Vacancy) 12.54%
Equity $36,500


Property Highlights
Sqft: 1225
Beds: 3
Baths: 2
Construction Block
Year 1971
Wholesale Price: $59,000
After Repair Value: $100,000
Repair: $2,000
Area Zip Code: 32809
Subdivision: Skylake

Notes: Very clean house in Skylake with tons of rentals. The house has all appliances including washer and dryer, this home is rent ready.

Thursday, October 15, 2009

(SOLD) Metrowest 2/1 $49,000

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Financial Analysis
Price $49,000
Closing Cost $2,500
Rehab $6,000
Total Cash Investment $57,500
ARV $90,000
Vacancy Rate 7.00%
Rent 950
Tax+Ins. 300
Monthly Cash Flow 650


Yearly Cash Flow 7800
Net Vacancy 7254
ROI (Full Occupancy) 13.57%
Adjusted ROI (Net Vacancy) 12.62%
Equity $32,500


Property Highlights
Sqft: 943
Beds: 2
Baths: 1
Construction Block
Year 1985
Wholesale Price: $90,000
After Repair Value: $90,000
Repair: $6,000
Area Zip Code: 32835
Subdivision: Westmont

Notes: 1985 Built home in Metrowest. Has good potential if you or someone you know would be interested in enclosing the garage to create a new master and make the house a 3/2, that was just one idea I heard from a rehabber I spoke with on this home. The neighborhood collects good rent too I used to live on the next street over on the corner of Lucille and Westmont.

Tuesday, October 13, 2009

3/1 in Sky Lake....Bank Owned

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Financial Analysis

Price

$45,000

Closing Cost

$2,500

Rehab

$10,000

Total Cash Investment

$57,500

ARV

$80,000

Vacancy Rate

7.90%

Rent

900

Tax+Ins.

265

Monthly Cash Flow

635





Yearly Cash Flow

7620

Net Vacancy

7018.02

ROI (Full Occupancy)

13.25%

Adjusted ROI (Net Vacancy)

12.21%

Equity

$22,500





Property Highlights

Sqft:

915

Beds:

3

Baths:

1

Construction

Block

Year

1963

Wholesale Price:

$45,000

After Repair Value:

$60,000

Repair:

$10,000

Area Zip Code:

32809

Subdivision:

Sky Lake

Thursday, October 8, 2009

Bank Owned 3/1 $27,000 Investment Property Orlando Florida





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Financial Analysis

Price

$27,000

Closing Cost

$2,500

Rehab

$7,500

Total Cash Investment

$37,000

ARV

$60,000

Vacancy Rate

8.60%

Rent

750

Tax+Ins.

265

Monthly Cash Flow

485





Yearly Cash Flow

5820

Net Vacancy

5319.48

ROI (Full Occupancy)

15.73%

Adjusted ROI (Net Vacancy)

14.38%

Equity

$23,000





Property Highlights

Sqft:

915

Beds:

3

Baths:

1

Construction

Block

Year

1964

Wholesale Price:

$27,000

After Repair Value:

$60,000

Repair:

$7,500

Area Zip Code:

32811

Subdivision:

Richmond Heights



Note: 3 bed 1 bath house for cheap! Need paint, carpet, and A/C to be installed. Sold for 119k in 2006