7842 W MISS MAGGIE Drive, Homosassa, FL
16.70% return
LP:
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Property Description

INVESTOR SPECIAL!!! Great fixer upper or rental. 3 bedroom 2 bath situated on a large lot just minutes away from the Gulf. Concrete block construction. Generate tons of rental income with this beauty. Property needs some work. Can rent for $1,150.00.

Property Information

  • Listing statusActive
  • Property typeSingle Family
  • Total bedrooms3
  • Total bathrooms2
  • Building size1084 sq. ft.
  • Lot size0.1 acres
  • Year built1966
  • CountyCitrus County
  • SubdivisionCHASSAHOWITZKA RIVER ESTATES U
  • ConstructionCBS
  • Roof
  • Water sourceCity
  • Water disposalSewer
  • HeatingCentral
  • Cooling(unknown)

Property Financial Summary

  • Asking price $65,000
  • Estimated rehab 1 $0
  • Total investment $65,000
  • Type Proforma
  • Gross income (annually) $13,800
  • Operating expenses (annually) $2,944
  • Net income (annually) $10,856
  • Gross return 21.23%
  • Gross income (monthly) $1,150
  • Operating expenses (monthly) $245
  • Net income (monthly) $905
  • Net return 16.70%

Property Income & Expenses

  • Income
  • Entire property $1,150/month $13,800/year
  • Total $1,150/month $13,800/year
  • Expenses
  • Property Taxes $79/month $948/year
  • Insurance $83/month $1,000/year
  • Maintenance reserve $83/month $996/year
  • Total $245/month $2,944/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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