Florida – $49,000.

Net Return – 16%

Florida – $49,000. Array, Array

$49,000

Description

This very large four bedroom house has been completely refurbished throughout and is Section 8 approved and Section 8 tenanted at $800 a month.The property has four large bedrooms and two large bathrooms, it also comes on a huge 5,022 sqft lot.This property is managed by one of the leading Jacksonville property management companies.This Section 8 property is very well located it is only 2.8 miles from the centre of downtown Jacksonville. Due to its location this property is near everything, Malls, National State College, Universities, Marina etc, this property will always be great for long term renting.

Property Details

  • Four bedrooms.
  • Local staff.
  • Great location.
  • $9,600 rent a year.
  • 1,012 sqft.
  • Fully managed.

Investment Calculation

Purchase price: $49,000

Gross annual rental income: $9,600

Property running costs: $2,122
(Tax, insurance and management costs)

Net annual rental income: $7,478

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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