2016 NW 24TH Road, Ocala, FL
14.70% return
LP:
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Property Description

Amazing investment opportunity in today's market. Concrete block house on city water and sewer. One of the fastest growing areas in the state. Property is currently vacant. Will rent at $1000/month after cosmetic improvements. Get a 11%+ return on investment. Tons of upside and appreciation.

Property Information

  • Listing statusActive
  • Property typeSingle Family
  • Total bedrooms3
  • Total bathrooms1.5
  • Building size1195 sq. ft.
  • Lot size0.3 acres
  • Year built1975
  • CountyMarion County
  • SubdivisionHOWARD HEIGHTS
  • ConstructionCBS
  • Roof
  • Water sourceCity
  • Water disposalSewer
  • HeatingCentral
  • CoolingCentral air

Property Financial Summary

  • Asking price $59,900
  • Estimated rehab 1 $5,000
  • Total investment $64,900
  • Type Proforma
  • After repair value $90,000
  • Potential profit $25,100
  • Gross income (annually) $12,000
  • Operating expenses (annually) $2,463
  • Net income (annually) $9,537
  • Gross return 18.49%
  • Gross income (monthly) $1,000
  • Operating expenses (monthly) $205
  • Net income (monthly) $795
  • Net return 14.70%

Property Income & Expenses

  • Income
  • Entire property $1,000/month $12,000/year
  • Total $1,000/month $12,000/year
  • Expenses
  • Property Taxes $73/month $875/year
  • Insurance $49/month $588/year
  • Maintenance reserve $83/month $1,000/year
  • Total $205/month $2,463/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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