Thursday, October 15, 2009

(SOLD) Metrowest 2/1 $49,000

Click on Image to Enlarge

Financial Analysis
Price $49,000
Closing Cost $2,500
Rehab $6,000
Total Cash Investment $57,500
ARV $90,000
Vacancy Rate 7.00%
Rent 950
Tax+Ins. 300
Monthly Cash Flow 650


Yearly Cash Flow 7800
Net Vacancy 7254
ROI (Full Occupancy) 13.57%
Adjusted ROI (Net Vacancy) 12.62%
Equity $32,500


Property Highlights
Sqft: 943
Beds: 2
Baths: 1
Construction Block
Year 1985
Wholesale Price: $90,000
After Repair Value: $90,000
Repair: $6,000
Area Zip Code: 32835
Subdivision: Westmont

Notes: 1985 Built home in Metrowest. Has good potential if you or someone you know would be interested in enclosing the garage to create a new master and make the house a 3/2, that was just one idea I heard from a rehabber I spoke with on this home. The neighborhood collects good rent too I used to live on the next street over on the corner of Lucille and Westmont.

No comments:

Post a Comment