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

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