305 SW 17TH Avenue, Ocala, FL
14.38% return
LP:
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Property Description

**5K SPECIAL!** Buy this property with $5,000 down, everyone is approved! 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. Property needs some work. Financing is available!

Property Information

  • Listing statusSold
  • Property typeSingle Family
  • Total bedrooms3
  • Total bathrooms2
  • Building size1222 sq. ft.
  • Lot size0.1 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 $10,000
  • Total investment $69,900
  • Type Proforma
  • Gross income (annually) $12,000
  • Operating expenses (annually) $1,947
  • Net income (annually) $10,053
  • Gross return 17.17%
  • Gross income (monthly) $1,000
  • Operating expenses (monthly) $162
  • Net income (monthly) $838
  • Net return 14.38%

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

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 the 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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