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Property Description

Over $39k in potential profit in this nice Lakefront Condo in Cypress Bend w/ Very Minimal Rehab Needed.

Comps:

$200,000 – 2206 S. Cypress Bend Dr. #401

$195,000 – 2200 S. Cypress Bend Dr. #102

Buy – $135,900

Fix – $15,000

Closing/Holding – $5,000

Sell – $195,000

Profit – $39,000+

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Great ROI on this Rent-N-Hold in Pine Ridge At Martin Downs!!!

2/2 in desireable Pine Ridge Gated Community.

Monthly HOA Includes basic cable,lawn care, pool, tennis, garbage, exterior insurance & 24 hour Martin Downs security making rounds!

No Age Restrictions!  Minutes to downtown Stuart, and I-95 and Turnpike access just 10 minutes away.

Comps:

1635 SW Silver Pine 2/2 1,111SqFt Sold 10/2016 $125,000

MLS ID:  M20000121

2762 SW Matheson   2/2 1,111SqFt Sold 10/2016 $120,000

MLS ID: M20000812

1935 SW Silver Pine Way #117,F-1 2/2 1,111SqFt Sold 04/16 $130,000

MLS ID: RX-10199152

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Property Description

Turn Key Quaint 2/1 CBS Construction No Re-hab Needed.

Carport/Office, Office can be used as a 3rd bedroom.

Local Rents are around $1100-1300

Taxes $982.54

Using an Average of $1,200 Rent in Area x 12 Months = $14,400 (Potential Gross Income)

Taxes are Under 1k for this property & Insurance around $1,100 Yearly so Net Income = $12,300

$12,300 / $79,700 (Purchase Price) = 15.4% Cap Rate!

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Property Description

Nice 3/2 w/ a 2 Car Garage in Palm Bay very minimal rehab @ 65% A.R.V

Ceiling has a whole in the garage only, see pics attached. Roof was replaced after the damage, but the drywall was never fixed.

Both bathrooms recently updated. Only updates needed are some drywall work in the Garage, Kitchen could use updates and the back porch ceiling needs some fixing also, but thats it.

ARV Based on Below Comps is about $150

Sales price of $98,750 is 65% of ARV

Comps: 

1827 Vauxhall Street $172k

1496 Napanee Street $154k

1561 NW Paisley Street $142k

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Property Description

Nice Lakefront Condo in Cypress Bend w/ Very Minimal Rehab Needed.

Comps:

$200,000 – 2206 S. Cypress Bend Dr. #401

$195,000 – 2200 S. Cypress Bend Dr. #102

Buy – $135,900

Fix – $15,000

Closing/Holding – $5,000

Sell – $195,000

Profit – $39,000+

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Property Description

Nice Legal 4/2 w/ Mother in Laws Quarters in BEautiful Fulford by Sea Neighborhood.

Home was being used as a 3/1, and a seperate 1/1. Mother in laws quarters includes kitchen.

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Property Description

Legal 4-Plex!!! Consisting of 3/1 Home and 3 1/1’s

2 Seperate Buildings 1st is a 3/1 could use Updates.

2nd is a Tri-plex consisting of 3 1/1’s on the same lot.

See it on Broward County Appr. – http://www.bcpa.net/RecInfo.asp?URL_Folio=474331060070

Current Rent Roll:

3/1 Home Rented out for $1,100 section 8 in the area is $1,300-$1,400

all 3 1/1’s rented for $500 section 8 in the area is $750-$850

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Property Description

Turn Key Quaint 2/1 CBS Construction No Re-hab Needed.

Carport/Office, Office can be used as a 3rd bedroom.

Local Rents are around $1100-1300

Taxes $982.54

Using an Average of $1,200 Rent in Area x 12 Months = $14,400 (Potential Gross Income)

Taxes are Under 1k for this property Yearly so Net Income = $13,400

$13,400 / $79,700 (Purchase Price) = 16.8% Cap Rate!

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Property Description

Nice 3/2 w/ a 2 Car Garage in Palm Bay very minimal rehab @ 65% A.R.V

Ceiling has a whole in the garage only, see pics attached. Roof was replaced after the damage, but the drywall was never fixed.

Both bathrooms recently updated. Only updates needed are some drywall work in the Garage, Kitchen could use updates and the back porch ceiling needs some fixing also, but thats it.

ARV Based on Below Comps is about $150

Sales price of $98,750 is 65% of ARV

Comps: 

1827 Vauxhall Street $172k

1496 Napanee Street $154k

1561 NW Paisley Street $142k

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Property Description

MOTIVATED SELLER!!

BEAUTIFUL 5 BED 3 BATH READY TO MOVE IN HOME IN DESIRABLE NEIGHBORHOOD. 1 BEDROOM ON THE FIRST FLOOR WITH FULL BATHROOM. 

UPGRADED KITCHEN: WOOD CABINETS 42″, GRANITE COUNTER TOP, GRANITE BACKSPLASH, STAINLESS STEAL APPLIANCES, VERY LARGE PANTRY.

$5K HOME FILTRATION SYSTEM.

EASY TO SEE.