Wholesale Fix And Flip Cash Flowing

WHOLESALE RENTAL OPPORTUNITY

224 10th Avenue East Bradenton, Bradenton, FL 34208

$83,000 After Repair Value -
$69,900 Asking Price -
$5,000 Cost of Repairs =
$8,100 Potential Profit

Property Details

Asking Price $69,900

After Repair Value $83,000

Costs of Repairs $5,000

Potential Profit $8,100

Living Area 1000 ft2

Property Type Single Family House

Bedrooms 3

Bathrooms 2

Half Bathrooms 0

Parking 0

Listed with Agent No

EPI (Estimated Potential Income)

Potential Rental Income $12

Yearly Expenses $1,000

Property Taxes $750

Net Operating Income $9,140

Cap Rate 12

Property Description

Free $500 Home Depot Gift Card*

Established real estate investor, who provides solid real estate investments to real estate investors, has an off-market opportunity in a hot Bradenton rental area.

It should produce a return of 12% annually with a property management and repair allowance.

Three bedroom, two baths, 1000sf, built in 1962.

The house next door is rented for $1200 a month.

A similar house sold next door in similar shape for $75,100 in January.

Two parcels are included. 224 10th Avenue East and 1008 3rd Street East (A $10.000 Value).

Monthly Rent $1100 x 12 $13,200
Vacancy Rate 1 Month (8%) ($1,100)
Gross Rental Income $12,100

Management Fee 10% of Collections ($1,210)
Taxes and Maintenance ($1,750)
Net Operating Income $9,140

Cap Rate $9,140 / $75,000 12%

Value based on $69,900 purchase and estimated $5,000 renovation.

* Free $500 Home Depot Gift Card with completed transaction to help with renovations.

Current tax bill for both parcels is $750.

You can count on an easy, no-hassle transaction.

It is on lockbox. Show it to yourself. It is an absolute steal. Tell me when you want to close.





investor special, cash buyer, make offer, motivated seller, landlord, income, handyman, vacant lot, must sel

Repairs Needed

Paint, Toilets, Wall unit AC's, Plumbing Fixtures

CONTACT LISTING OWNER

James Willig

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