508 W Hal McRae Boulevard, Avon Park, FL
13.75% return
LP:
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Property Description

Rent & Hold or Fix & Flip for Big Profit! 4 Bd 2 Bath SFH with a newer metal roof built in 1977. Located across from a church. Nearby Lake and Parks. Currently occupied.

Property Information

  • Listing statusSold
  • Property typeSingle Family
  • Total bedrooms4
  • Total bathrooms2
  • Building size1419 sq. ft.
  • Lot size0.1 acres
  • Year built1977
  • CountyHighlands County
  • SubdivisionTULANE SUB
  • ConstructionCBS
  • RoofMETAL
  • Water sourceCity
  • Water disposalSewer
  • HeatingCentral
  • CoolingCentral air

Property Financial Summary

  • Asking price $69,900
  • Estimated rehab 1 $5,000
  • Total investment $74,900
  • Type Proforma
  • After repair value $95,000
  • Potential profit $20,100
  • Gross income (annually) $11,400
  • Operating expenses (annually) $1,100
  • Net income (annually) $10,300
  • Gross return 15.22%
  • Gross income (monthly) $950
  • Operating expenses (monthly) $92
  • Net income (monthly) $858
  • Net return 13.75%

Property Income & Expenses

  • Income
  • Entire property $950/month
  • Total $950/month
  • Expenses
  • Property Taxes $92/month
  • Total $92/month

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