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.
MORE INFORMATION & CONTACT
More information about "224 10th Ave E, FL 34208" at Zillow.