Great Turn Key Multi Family Unit! Great Investment Opportunity!!! RETURN ON INVESTMENT13.82% MULTI FAMILY UNIT 3 bedroom, 1 bath, 924 SF each unit. Located near downtown Jacksonville and the sports complex. This is a two story duplex mulit-family. This has been professionally rehabbed and remodeled. Located on a corner lot. Each residence is located on the bottom unit or upper unit. Front porch on each unit. Nice yard, fully fenced and secured. YOUR INVESTMENT Price:$89,000 Monthly rent$1500 Initial invest$89,500 *Net monthly cash flow$1031 Initial Investment Calculation - TOTALS Purchase price$89,000 Closing costs$500 Monthly Cash Flow Calculation – NET Gross Rental income$1,500 Property tax expense$126 Insurance expense$58 Prop mgt fee$135 Maint and Vacancy$150 *Net Monthly cash flow $1,031 Net Return on Investment Net Annual Cash Flow$12,367 Total Initial Investment$89,500 RETURN ON INVESTMENT13.82%
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