Generating over $6,100 per month in gross rental income ($73,000+ per year), this investment offers a unique combination of cash flow and turnkey management in a sought-after location. After expenses the CAP rate is over 8% and 5.5% cash-on-cash ROI. The home is leased to one tenant, PadSplit, which hosts the property on their platform. PadSplit not only helps members save money and live closer to work but also provides an avenue for investors to achieve 3x+ cash flow. All members are professionally screened by PadSplit, required to pass a background check and undergo income verification. PadSplit handles inbound requests from members and enforces house rules. One rent payment is direct-deposited into the owner's bank account based on the home's previous month's performance. Sold with an optional top-rated super-host who coordinates cleaning and repairs, this property is ideal for any investor. Contact us today for preferred lenders if you need financing. If PadSplit is new to you, please Google 'PadSplit' to learn more about this game-changing affordable housing solution before calling. Part of a portfolio, contact the listing agent if you are interested in purchasing multiple properties with a similar setup and ROI. OFFER REQUIREMENTS: Do all due diligence before submitting an offer, $7,500 EMD, closing agent MUST be Heather Salvatoriello with The Close Agent.
Sold for $340,000
Zillow last checked:
Listing updated:
Bought with:
Dillon Cook, 3324785
KEYRENTER TAMPA PROPERTY MANAGEMENT
Source: Stellar MLS,MLS#: U8226536
Originating MLS: Orlando Regional
Originating MLS: Orlando Regional
Price history
| Date | Event | Price |
|---|---|---|
| 4/29/2024 | Sold | $340,000$224/sqft |
Source:  Stellar MLS #U8226536 Report a problem | ||
| 3/26/2024 | Pending sale | $340,000$224/sqft |
Source: Stellar MLS #U8226536 Report a problem | ||
| 2/24/2024 | Price change | $340,000-2.6%$224/sqft |
Source: Stellar MLS #U8226536 Report a problem | ||
| 1/26/2024 | Listed for sale | $349,000+66.2%$230/sqft |
Source: Stellar MLS #U8226536 Report a problem | ||
| 12/8/2021 | Sold | $210,000+394.1%$138/sqft |
Source: Public Record Report a problem | ||
| 8/28/2015 | Sold | $42,500$28/sqft |
Source: Public Record Report a problem | ||
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Estimated market value
$357,400
