3/1 Florida Rental Minutes from the Beach A/c + Rv Cap Rate 15% Obo

Posting ID : A1068500011
Date Posted : 2015-08-19
Category : Housing Swap

Sunny Florida, 3 Big Bedrooms, 1 Bath, A/C, Rented to a Sec 8 Tenant for $681 month, Quiet Neighborhood, Better Than New...!!! Extra Clean, Low maintenance Vinyl siding, Hard Wood Floors, Pecan Trees, Low Property Taxes $550 per year, Insurance $600 Year, Central Area, Close to Everywhere, I-10, I-95, I -295, US1, Minutes from NAS JAX, Downtown, Shopping, The Beaches, Universities, laundry Room with Washer and Drier connections, Fenced back yard, Huge Lot, Can Park RV's, Boats, Big Trucks, All your Toys, Worth $50,000+ Will Take $45,000 or Make Offer, Motivated Owner, Other Properties & Management Available,

Completely Renovated home, 3/1, vinyl siding, Roof, windows, A/C, electric, water heater, Wood Floors, inside Laundry Big Enough for a full 2nd Bath, 4 Pecan Trees in the property, Big lot, Fenced Back Yard, House in great shape. Property Rented under Sec 8 Program Rent is $680 month

Total Income= 680 *12 = 8160
Property Taxes = $550 Yr.
Insurance = $600 Yr.
Net income = 8160 - 1150 = 7010
Net Cap rate = 7010/45000 = 15.57 %

Please do not disturb tenant! Please call to set up showing! Thanks!

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