GREAT INVESTMENT PROPERTY IN NORTH PORT! WIATH A CAP RATE OF 11%🔥🔥

Sarasota County, North Port, FL, 34287
Sold
Listed at: December 9th, 2022
Price
$140,000
ARV
$280,000
Gross Margin
$140,000
Sq. Footage
1218
Type
Single-Family
Parking
Attached Garage
Year build
1984
Lot size
0.23 acres
Bedrooms
3
Bathrooms
2
Half Bathrooms
0
Summary

Single-family Home

3 bed 2 bath 1,218 sq. ft.

Fix N Flip Profit


Retail ARV

$280,000.00

Purchase:

$140,000.00

Rehab

$30,000.00

1st Closings 2%

$2,800.00

Holding Cost 2%

$2,800.00

Agent 5%

$14,000.00

2nd Closing 2%

$5,600.00

Projected Profit

$84,800.00

Cash on Cash ROI


Purchase:

$140,000.00

Rehab

$30,000.00

Taxes

$1,073.00

Insurance

$1,500.00

Closing Cost 2%

$2,800.00

Purchase+ Rehab Closing

$173,873.00

Monthly Rent

$2,300.00

Annual Rent Roll

$27,600.00

ROI Cash On Cash

16%

Cap Rate

11.41%



Cap Rate


Purchase+ Rehab+ Closing

$173,873.00

Annual Rent Roll

$27,600.00

Management 10%

$2,760.00

Taxes

$1,073.00

Insurance

$1,500.00

HOA

$228.00

Maintenance 8%

$2,208.00

NOI

$19,831.00

Cap Rate

11.41%




Needs a new HVAC

Needs painting throughout

Kitchen/baths need updating

Repairs estimate at $30,000

Starting price $140,000

ARV $280,000



Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Ashley

★★★★★
★★★★★
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