LOW RISK INVESTMENT PROPERTY !!!

This property was left empty for a few years due to owner moving to Key West. The interior though messy is in decent overall condition. The roof leaks have caused some subfloor damage due to particle board flooring standard manufacture construction. Fortunately the property being only 784 Sq Ft the overall renovation costs will be reasonable.

Pros of property

• Land is owned
• Mobile age is FHA financeable
• Solid bones
• Rent's in area $1000-1100 month

Cons of property

• Subfloor damages
• Roof is leaking in bedroom
• Exterior siding has mildew

Estimated Renovations

$25-30k : Basic update/repairs (New Roof, interior repairs, subfloor, ac)

$30-40k : Updated renovation (New siding/Cosmetic upgrades)

(Look beyond the pressure washing of the exterior)

Rental Example

1) 9175 SW 30th Ct Ocala / 672sq / $1250mo (Mobile)

2) 14484 Sw 39th Ct Ocala / 690sq / $1000mo (House)