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.

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