Greenacres, FL Not Lake Worth Property is an Attached Single Family House. 1/2 Duplex (No Assoc.) Huge 16.2% ROI (Return on investment) Based on the following Rental Income $800 (Lower end of the Comp Range) Annual RE Taxes $899 / Estimated Insurance Annual Cost $750 $800 X 12 = $9,600 Gross Income $9600- $899 (RE Taxes) - $750 (Insurance) - $960 (10% Vacancy) = $6,991 $6,991 / (39,900 = $3,000)= 16.2% ROI (Return on investment) Kitchen and bathroom are in good condition and do not need repairs or upgrades to rent. Property will need the following repairs to be rent ready. Flooring approx. 400 Sq. Ft and Interior Paint Optional upgrades to the property not necessary to rent. Replace Windows, Upgrade to Central AC and Upgrade Electrical Panel Original Floor Plan was a 2/1 but it currently being used as a 1/1. Can easily be converted back to a 2/1 by framing and drywall work. Estimated cost to Make rent ready repairs and convert to a 2/1 $3,000 Cash Offers Only Show By Appointment ONLY.Do Not Disturb Tenant. Property delivered vacant at closing. Rental and Sales comps based on Multi Family sales and rentals see link below for comps
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