305 SW 17TH Avenue, Ocala, FL
13.42% return
LP:
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Property Description

Tons of cash-flow potential. Strong rental demand in the area. Opportunity awaits in this 3 bedroom 2 bathroom home with garage. 1,222 square feet of living space. Generate tons of rental income with this beauty. Decent condition. Almost rent ready. Do not miss out on this one.

Property Information

  • Listing statusActive
  • Property typeSingle Family
  • Total bedrooms3
  • Total bathrooms2
  • Building size1222 sq. ft.
  • Lot size6100.0 acres
  • Year built1957
  • CountyMarion County
  • SubdivisionANDERSONS ADD OCALA
  • ConstructionCBS
  • RoofASPHALT COMPOSITION SHINGLE
  • Water sourceCity
  • Water disposalSewer
  • Heating(unknown)
  • CoolingWall A/C Units

Property Financial Summary

  • Asking price $59,900
  • Estimated rehab 1 $15,000
  • Total investment $74,900
  • Type Proforma
  • Gross income (annually) $12,000
  • Operating expenses (annually) $1,947
  • Net income (annually) $10,053
  • Gross return 16.02%
  • Gross income (monthly) $1,000
  • Operating expenses (monthly) $162
  • Net income (monthly) $838
  • Net return 13.42%

Property Income & Expenses

  • Income
  • Entire property $1,000/month
  • Total $1,000/month
  • Expenses
  • Property Taxes $29/month
  • Insurance $92/month
  • Maintenance reserve $42/month
  • Total $162/month

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