224 10th Ave E FL 34208

Free $500 Home Depot Gift Card* Established real estate investor, who provides solid real estate investments to real estate investors, has an off-market opportunity in a hot Bradenton rental area. It should produce a return of 12% annually with a property management and repair allowance. Three bedroom, two baths, 1000sf, built in 1962. The house next door is rented for $1200 a month. A similar house sold next door in similar shape for $75,100 in January. Two parcels are included. 224 10th Avenue East and 1008 3rd Street East (A $10.000 Value). Monthly Rent $1100 x 12 $13,200 Vacancy Rate 1 Month (8%) ($1,100) Gross Rental Income $12,100 Management Fee 10% of Collections ($1,210) Taxes and Maintenance ($1,750) Net Operating Income $9,140 Cap Rate $9,140 / $75,000 12% Value based on $69,900 purchase and estimated $5,000 renovation. * Free $500 Home Depot Gift Card with completed transaction to help with renovations. Current tax bill for both parcels is $750. You can count on an easy, no-hassle transaction. It is on lockbox. Show it to yourself. It is an absolute steal. Tell me when you want to close.