Cash Cow

6786 Nw 57th Avenue, Ocala, FL

17.08% return

SP: $80,000

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Property Description

Amazing income property. Two mobile homes on 1.6 acre of land in beautiful horse country. Each mobile home has 3 bedrooms, 2 baths and are rented for $750 each. Property doesn't need any repairs whatsoever. Professional property management is available. Tons of upside and appreciation. High returns on investment. Will not last, call us today.

Property Information

Listing statusSold
Property typeMulti Family
Total units2
Total bedrooms6
Total bathrooms4
Building size2904 sq. ft.
Lot size1.6 acres
Year built1982 - 1984

CountyMarion County
Subdivision
ConstructionFrame
RoofMetal
Water sourceWell
Water disposalSeptic
HeatingCentral
CoolingCentral air

Property Financial Summary

Sale price$80,000
Estimated rehab¹$0
Total investment$80,000

TypeProforma

Gross income (annually)$18,000
Operating expenses (annually)$4,339
Net income (annually)$13,661
Gross return22.50%

Gross income (monthly)$1,500
Operating expenses (monthly)$362
Net income (monthly)$1,138
Net return17.08%

Property Income & ExpensesMonthlyAnnual

Income

Unit 1: 3 bed / 2 bath$750/month$9,000/year
Unit 2: 3 bed / 2 bath$750/month$9,000/year
Total$1,500/month$18,000/year

Expenses

Property Taxes$112/month$1,339/year
Insurance$83/month$1,000/year
Maintenance reserve$167/month$2,000/year
Total$362/month$4,339/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.