Florida – $49,500.

Net Return – 18%

Florida – $49,500. Array, Array

$49,500

Description

This very large three bedroom house has been completely refurbished throughout and is Section 8 approved and Section 8 tenanted at $930 a month.The property has three large bedrooms and two large bathrooms, it also comes on a huge 5,143 sqft lot.This property is managed by one of the leading Jacksonville property management companies.This Section 8 property is ideally located in Lackawanna a great family area in west Jacksonville, this area is close to Woodstock, Riverside and Avondale and is only 4.2 miles from downtown Jacksonville.

Property Details

  • Three bedrooms.
  • Local staff.
  • Great location.
  • $10,800 rent a year.
  • 1,281 sqft.
  • Fully managed.

Investment Calculation

Purchase price: $49,500

Gross annual rental income: $10,800

Property running costs: $2,080
(Tax, insurance and management costs)

Net annual rental income: $8,720

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

Return on investment: 18%

Break even in 5.5 Years

Detail

Price: $49,500

Net Return: 18%

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