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.
$10,800 rent a year.
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.