2857 Pollak Avenue Ne, Palm Bay, FL

11.69% return

SP: $57,500

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Property Description

Beautiful 2bed/1bath single family with a detached garage on a corner lot. Located in beautiful Palm Bay. Lots of growth in the area. Close to Cape Canaveral and Kennedy Space Station. Great for a rental or fix/flip. Comps at $116.5k and $113k. Foreclosure. Needs rehab. Creative financing is available. Hold for a rental or resell for big profits. Call us today.

Property Information

Listing statusSold
Property typeSingle Family
Total units1
Total bedrooms2
Total bathrooms1
Building size832 sq. ft.
Lot size0.2 acres
Year built1952

CountyBrevard County
SubdivisionPLAT OF TILLMAN
ConstructionFrame
RoofAsphalt Shingle
Water sourceCity water
Water disposalSewer
Heating(unknown)
Cooling(unknown)

Property Financial Summary

Sale price$57,500
Estimated rehab¹$30,000
Total investment$87,500

TypeProforma
After repair value$124,900
Potential profit$37,400

Gross income (annually)$13,200
Operating expenses (annually)$2,970
Net income (annually)$10,230
Gross return15.09%

Gross income (monthly)$1,100
Operating expenses (monthly)$247
Net income (monthly)$853
Net return11.69%

Property Income & ExpensesMonthlyAnnual

Income

2 bed / 1 bath$1,100/month$13,200/year
Total$1,100/month$13,200/year

Expenses

Property Taxes$89/month$1,070/year
Insurance$75/month$900/year
Maintenance reserve$83/month$1,000/year
Total$247/month$2,970/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.