this income producing property has just gotten a brand-new roof, it is freshly painted, brand-new appliances, brand new LVP flooring, which is water resistant. We are presently marketing the front unit for rent, at $1544/month and are looking for a government guaranteed tenant. Numbers make sense, Sales price of $275,000, Taxes of $1389, Insurances of $2000, Lawn Care of $780, 1 WATER METER $1,200/Year, we partnered with a management company for their management costs of 5% instead of the customary 10%, which is optional. $1389 + $2000 + $780+ $1200= $5369/year bills. Tenants pay electric. Present Rent is $1750 and proposed at $1544 or potential gross = $3294/month x 12 = $39528 gross yearly income. $39528-$5369 = $34,159 net potential income. $34,159/$275,000 = 12.5% CAP RATE or buy it rent out the back and live at a very discounted monthly payment.
Property Features
Utilities
Cable Available
Electricity Connected
Phone Available
Sewer Connected
Water Connected
Heating Information
Electric
Wall Furnace
Ductless
Cooling Information
Wall/Window Unit(s)
Water Features
Public
Basement
Crawl Space
School Information
School Information for 408 HENRY BUTTS DRIVE, DAYTONA BEACH, FL 32114