Florida – $49,000.

Net Return – 16%

Florida – $49,000. Array, Array

$49,000

Description

This very large four bedroom house has been refurbished throughout including new carpets and paint and new hardwood floors. The property has four large bedrooms and two large bathrooms, it also comes on a huge 6,050 sqft lot. The management company are in process of placing a new tenant who will be paying $800 a month, the tenant will be placed in the property before completion.This property is ideally located in Panama Park a great family area in north Jacksonville, this area is close to Pearl Court, Royal Terrace and Brentwood and is only 4.8 miles from Downtown Jacksonville.

Property Details

  • Four bedrooms.
  • Local staff.
  • Great location.
  • $9,600 rent a year.
  • 1,276 sqft.
  • Fully managed.

Investment Calculation

Purchase price: $49,000

Gross annual rental income: $9,600

Property running costs: $2,060
(Tax, insurance and management costs)

Net annual rental income: $7,541

Investment calculation - Net Income divided by Purchase price = NET ROI.

Return on investment: 16%

Break even in 6.25 Years

Detail

Price: $49,000

Net Return: 16%

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