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



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