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.
$9,600 rent a year.
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.