7055 Lucky Dr E, Jacksonville, FL
9.57% return
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Property Description

**10K SPECIAL!** Buy this property with $10,000 down, everyone is approved! Investor opportunity! This Fix and Flip has great potential. Ranch home offers 3 bedrooms, 1 baths w/good sized rooms. Sunny kitchen and hardwood floors. Nearby Parks. Convenient to I-95, Jacksonville Zoo, downtown, shopping and restaurants.

Property Information

  • Listing statusSold
  • Property typeSingle Family
  • Total bedrooms3
  • Total bathrooms1
  • Building size2149 sq. ft.
  • Lot size0.5 acres
  • Year built1945
  • CountyDuval County
  • Subdivision
  • ConstructionCBS
  • RoofShingle
  • Water sourceCity
  • Water disposalSewer
  • HeatingCentral
  • CoolingCentral air

Property Financial Summary

  • Asking price $85,000
  • Estimated rehab 1 $10,000
  • Total investment $95,000
  • Type Proforma
  • After repair value $140,000
  • Potential profit $45,000
  • Gross income (annually) $13,200
  • Operating expenses (annually) $4,104
  • Net income (annually) $9,096
  • Gross return 13.89%
  • Gross income (monthly) $1,100
  • Operating expenses (monthly) $342
  • Net income (monthly) $758
  • Net return 9.57%

Property Income & Expenses

  • Income
  • 3 bed / 1 bath $1,100/month $13,200/year
  • Total $1,100/month $13,200/year
  • Expenses
  • Property Taxes $48/month $576/year
  • Insurance $127/month $1,524/year
  • Maintenance reserve $167/month $2,004/year
  • Total $342/month $4,104/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.

Property Flyer

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