Thursday, October 1, 2009

29k 3/2 Must see!!!




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Financial Analysis
Price $29,000
Closing Cost $2,500
Rehab $15,000
Total Cash Investment $46,500
ARV $65,000
Vacancy Rate 7.00%
Rent 900
Tax+Ins. 300
Monthly Cash Flow 600


Yearly Cash Flow 7200
Net Vacancy 6696
ROI (Full Occupancy) 15.48%
Adjusted ROI (Net Vacancy) 14.40%
Equity $18,500


Property Highlights
Sqft: 1265
Beds: 3
Baths: 2
Construction Block
Year 1958
Wholesale Price: $29,000
After Repair Value: $65,000
Repair: $15,000
Area Zip Code: 32808
Subdivision: Riverside Cove


Notes: Needs some TLC but great price point to cash flow the property

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