Cash Cow
6786 Nw 57th Avenue, Ocala, FL
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17.08% return
LP:
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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

  • Asking price $80,000
  • Estimated rehab 1 $0
  • Total investment $80,000
  • Type Proforma
  • Gross income (annually) $18,000
  • Operating expenses (annually) $4,339
  • Net income (annually) $13,661
  • Gross return 22.50%
  • Gross income (monthly) $1,500
  • Operating expenses (monthly) $362
  • Net income (monthly) $1,138
  • Net return 17.08%

Property Income & Expenses

  • 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.

Property Flyer

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