508 W Hal McRae Boulevard, Avon Park, FL
13.75% return
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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 $11,400/year
  • Total $950/month $11,400/year
  • Expenses
  • Property Taxes $92/month $1,100/year
  • Total $92/month $1,100/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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