504 Hillside Dr., Lakeland, FL

$ Click for current price
3 BEDROOMS | 1 (1 full ) BATHROOMS | 1050 SQUARE FEET
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Beautiful Northwest Lauderhill Pool Home. One of the nicest areas of Lauderhill.
Very Large 3/2 2 car Garage w/ a Pool.
Just across the street from the West Wind park. Walking distance to Piper Highschool.
Nice Brick Home in Ybor needs AC and Some Updates.
Comps in the area are 100k+, Section 8 Rents around $1100+
Buy 69k
Fix 8k
Sell 100k/Rent $1100
20k+ Flip or $1100+ Residual Income for life
Beautiful Home on a Large Corner Lot.
Large 4/2 in Palm Bay w/ a Fire Place.
Large Yard, Move in Ready
Comps around 160k
Buy for $104,750
Holding/Closing/Slight Rehab(Barely any needed) $15,000
Total Investment $119,750
Over 40k in Profit!!!
Beautiful Updated home just blocks from the beach, close to Boyd Hill Nature Preserve.
Kitchen and Master Bath updated 2 years ago. Newer A.C.
No actual repairs needed, but the guest 1/2 bath could be updated.
5837 S. 8th St. 2/2 141k Very Old, Needs Updates
5898 S. 5th St. 2/1 135k Very Old, Needs Updates
5837 S 5th St. 2/2 129k Very Old, Needs Updates
All Comps are Very old homes that all need updates but move in ready, no major problems. Kitchens look like they are vintage from the 70’s
Beautiful Home on a Large Corner Lot.
Large 4/2 in Palm Bay w/ a Fire Place.
Large Yard, Move in Ready
Comps around 160k
Buy for $104,750
Holding/Closing/Slight Rehab(Barely any needed) $15,000
Total Investment $119,750
Over 40k in Profit!!!
Great Fix-N-Flip or Rent-N-Hold
Comps between 175-180k (Included in Pics)
Buy = 138k
Rehab = 15k
Closing/Holding = 5k
Sell = 180k
Profit = 22k
Section 8 Rents between $1,500-$1,800 for 3/1’s in the area.
9.6% Cap Rate on Sawgrass Condo!
1/1.5 2 assigned parking spots
No Restrictions / OK to rent the 1st year!
Section 8 Rents $1,200
$1,200 x 12 = $14,400 (Gross Income)
$14,400 – $1,640 (taxes) – $3,312 (HOA $276 per month) = $9,448 (Net Yearly Income)
Showing today 9/22 @ 5 p.m. on Facebook Live!!! Follow our fanpage here to watch!!! Or follow Craigs Facebook Here!
2/1 Condo. in a good neighborhood. 14.9% Cap Rate!!!
Very little rehab needed
Buy for $48,750
Rehab $10,000
Total $58,750
Section 8 Rents in the area for a 2/1 between $1,000-$1,100
H.O.A. = $265
Taxes = $488 for 2015
Cap Rate Equation:
Using $60,000 as total cost between Purchase, Rehab and closing costs.
Using $1,050 as rent – H.O.A. fee of $265 per month = $785 Monthly Net Rent
$785 x 12 months = $9,420
$9,420 – $488 (Yearly Taxes) = $8,932
$60,000 Total Investment
$8,932 Yearly Net Income
= 14.9% Cap Rate