Friday, October 16, 2009

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

Click on Image to Enlarge

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.

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