MARION COUNTY - BELLEVIEW - CASH FLOWSE 60TH AVE.BELLEVIEW, FL 34420Call Greg at Blue Sky Properties for more discounted deals.www.Blue-Sky-Properties.net407-766-76272 Bedrooms / 1 Bath768 SF (1158 Gross SF)Block ConstructionBuilt in 1963Price is $25.9k Looking for an inexpensive cash flow investment property? Here it is...This property is located ina a good rental area, has no HOA dues, low taxes, and low purchase price make this a cash flow machine! Area rents for a 3 bedroom are $750-800/month. This 2/1 with bonus or 3/1 without bonus room just needs a refrigerator, cleanup inside, fresh paint inside, re-stretch carpet or new flooring in bonus/3rd bedroom. The hardwood floors are in good condition and will look fantastic once refinished/polished. Don't miss out on this cash flow machine!FINANCIAL ANALYSIS:$ 750 mo. rent x 12 mos = $9,000 (Potential Gross Income)- $ 650 (Less 7% Vacancy & Collections Yr.)= $8,370 (Effective Gross Income- $1,997 Expenses Yr. (Taxes-$397,Insurance-$700, $900, 10 % property Management)$6,373 NET OPERATING INCOME / $25,900 (Purchase Price)= 24% CAP RATE!$25,900 Purchase price+ $1,500 closing costs+ $2,500 rehab/repairs= $29,900 Total Cash Outlay$6,373 NET Operating Income / $29,900 Total Cash Outlay= 21.3% CASH On Cash Return!Greg SchmidBlue Sky PropertiesWholesale Property Supplier to Investors407-766-7627www.Blue-Sky-Properties.net
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