Cute Rental
1568 Hatley St W, Jasper, FL
15.97% return
SP:
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Property Description

Great investment opportunity. Brick duplex with renters. No major repairs are needed. Property has separate meters, very inexpensive to own and maintain. High rental demand in the area. Market rents are $600. Rents need to be increased and property needs some TLC. Amazing returns on investment.

Property Information

  • Listing statusSold
  • Property typeMulti Family
  • Total units2
  • Total bedrooms4
  • Total bathrooms2
  • Building size2096 sq. ft.
  • Lot size0.2 acres
  • Year built1963
  • CountyHamilton County
  • Subdivision
  • ConstructionBrick
  • RoofAsphalt Shingle
  • Water sourceCity water
  • Water disposalSewer
  • HeatingCentral
  • CoolingCentral air

Property Financial Summary

  • Sale price$70,000
  • Estimated rehab1$0
  • Total investment$70,000
  • TypeProforma
  • Gross income (annually)$14,400
  • Operating expenses (annually)$3,220
  • Net income (annually)$11,180
  • Gross return20.57%
  • Gross income (monthly)$1,200
  • Operating expenses (monthly)$268
  • Net income (monthly)$932
  • Net return15.97%

Property Income & Expenses

  • Income
  • Unit 1: 2 bed / 1 bath$600/month$7,200/year
  • Unit 2: 2 bed / 1 bath$600/month$7,200/year
  • Total$1,200/month$14,400/year
  • Expenses
  • Property Taxes$72/month$860/year
  • Insurance$83/month$1,000/year
  • Maintenance reserve$83/month$1,000/year
  • Lawn care$30/month$360/year
  • Total$268/month$3,220/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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