807 S Palmer Avenue, Avon Park, FL
13.65% return
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Property Description

Avon Park Is Known As "The City Of Charm". This Property Has Tons Of Potential! Rent & Hold or Fix & Flip For Big Profit! Needs Updating. 3 Bedrooms 1 Bath Single Family Residence. Solid Structure. Easily Rents For $950+ A Month and Will Generate A 13%+ Net Return on Investment.

Property Information

  • Listing statusSold
  • Property typeSingle Family
  • Total bedrooms3
  • Total bathrooms1
  • Building size1260 sq. ft.
  • Lot size0.2 acres
  • Year built1978
  • CountyHighlands County
  • ConstructionCBS
  • RoofMetal
  • Water sourceCity
  • Water disposalSeptic
  • HeatingCentral
  • CoolingCentral air

Property Financial Summary

  • Asking price $54,900
  • Estimated rehab 1 $10,000
  • Total investment $64,900
  • Type Proforma
  • After repair value $90,000
  • Potential profit $25,100
  • Gross income (annually) $11,400
  • Operating expenses (annually) $2,540
  • Net income (annually) $8,860
  • Gross return 17.57%
  • Gross income (monthly) $950
  • Operating expenses (monthly) $212
  • Net income (monthly) $738
  • Net return 13.65%

Property Income & Expenses

  • Income
  • 3 bed / 1 bath $950/month $11,400/year
  • Total $950/month $11,400/year
  • Expenses
  • Property Taxes $61/month $730/year
  • Insurance $68/month $810/year
  • Maintenance reserve $83/month $1,000/year
  • Total $212/month $2,540/year

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 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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