2857 POLLAK AVENUE NE, Palm Bay, FL
11.69% return
LP:
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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 statusActive
  • Property typeSingle Family
  • Total bedrooms2
  • Total bathrooms1
  • Building size832 sq. ft.
  • Lot size0.2 acres
  • Year built1952
  • CountyBrevard County
  • SubdivisionPLAT OF TILLMAN
  • ConstructionFrame
  • RoofShingle
  • Water sourceCity
  • Water disposalSewer
  • Heating(unknown)
  • Cooling(unknown)

Property Financial Summary

  • Asking price $57,500
  • Estimated rehab 1 $30,000
  • Total investment $87,500
  • Type Proforma
  • 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 return 15.09%
  • Gross income (monthly) $1,100
  • Operating expenses (monthly) $247
  • Net income (monthly) $853
  • Net return 11.69%

Property Income & Expenses

  • Income
  • Entire property $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.

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