Cash Cow!!!
*** ********* ***, ********, FL
19.73% return
LP:
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Property Description

Awesome investment property. 6 unit weekly rental motel with a detached single family. Tenants pay cash! Decent condition. Nice metal roof. No work needed. Sits on less than an acre of land, right off a main street. Insane returns on investment. Very nice community. Grab this one quickly! 19%+ return on investment after all expenses including management.

Property Information

  • Listing statusActive
  • Property typeMulti Family
  • Total units7
  • Total bedrooms5
  • Total bathrooms7
  • Building size4459 sq. ft.
  • Lot size7.2 acres
  • Year built1945-1952
  • County******** County
  • Subdivision********** *********
  • ConstructionCBS, Frame
  • RoofMETAL
  • Water sourceWell
  • Water disposalSeptic
  • HeatingELECTRIC, Wall unit
  • CoolingWall A/C Units

Property Financial Summary

  • Asking price $220,000
  • Estimated rehab 1 $0
  • Total investment $220,000
  • Type Actual
  • Gross income (annually) $66,240
  • Operating expenses (annually) $22,827
  • Net income (annually) $43,413
  • Gross return 30.11%
  • Gross income (monthly) $5,520
  • Operating expenses (monthly) $1,902
  • Net income (monthly) $3,618
  • Net return 19.73%

Property Income & Expenses

  • Income
  • Unit 1: 1 bed / bath $800/month
  • Unit 2: 2 bed / bath $1,000/month
  • Unit 3: 0 bed / bath $680/month
  • Unit 4: 0 bed / bath $680/month
  • Unit 5: 0 bed / bath $680/month
  • Unit 6: 0 bed / bath $680/month
  • Unit SFR: 2 bed / bath $1,000/month
  • Total $5,520/month
  • Expenses
  • Property Taxes $111/month
  • Electric bill $745/month
  • Gas Utility Bill $30/month
  • Insurance $167/month
  • Property Management $600/month
  • Maintenance reserve $250/month
  • Total $1,902/month

Property Questions & Answers

Q: How do I make an offer on this property?
A: Placing an offer is a simple process. All offers must be presented in writing with an escrow deposit of 10% or $5,000, whichever is larger. Escrow has to be sent to the attorney or title company who is handling the file for the this property. Please send us an inquiry and one of our team members will get in touch with you to further assist you. You can also give us a call.

Q: Does this property come with clear title?
A: All our properties come with clear title. We highly recommend you purchase title insurance as well.

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