Cash Cow
4235 Erress Boulevard, Pensacola, FL
16.03% return
LP:
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Property Description

CHEAP! Two story town house. Very spacious. Perfect first time investment. Hard money financing is available. Tons of room to appreciate. Can be sold to an owner occupant in a rent to own program. Many options with this amazing asset. Will easily rent for $750/month and generate a 15%+ return on investment. Solid brick foundation.

Property Information

  • Listing statusSold
  • Property typeTownhouse
  • Total bedrooms4
  • Total bathrooms2.5
  • Building size0 sq. ft.
  • Lot size0.0 acres
  • Year built(unknown)
  • CountyEscambia County
  • SubdivisionWesternmark
  • Construction(unknown)
  • Roof(unknown)
  • Water source(unknown)
  • Water disposal(unknown)
  • Heating(unknown)
  • Cooling(unknown)

Property Financial Summary

  • Asking price $49,900
  • Estimated rehab 1 $5,000
  • Total investment $54,900
  • Type Proforma
  • Gross income (annually) $10,200
  • Operating expenses (annually) $1,400
  • Net income (annually) $8,800
  • Gross return 18.58%
  • Gross income (monthly) $850
  • Operating expenses (monthly) $117
  • Net income (monthly) $733
  • Net return 16.03%

Property Income & Expenses

  • Income
  • Entire property $850/month $10,200/year
  • Total $850/month $10,200/year
  • Expenses
  • Property Taxes $20/month $240/year
  • Insurance $67/month $800/year
  • Lawn care $30/month $360/year
  • Total $117/month $1,400/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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