Daytona Beach Quad | EquityPro
79
15.35% Estimated APY
$59,900 Investor Price
Ask about this property

Ask about this property form

Ask about this property

91 Ben Yonge
104 Bob Tosi
230 Brandon Jenkins
198 Cesar Sagastume
228 Chris Chuck
272 Daniel Gonzalez
199 David Sheehan
105 Jason Bobbitt
211 Jeremy Howells
107 John Barber
203 Jonathan Rokh
196 Josh Black
208 Mike McKernan
218 Rene Droz
179 Rusty Longaberger
223 Ryan Akers
210 Shakira Thompson
227 Shaun Rourke
260 Zachary Faulk

Daytona Beach Quad

4 bed / 4 bath2,442 sq ft Built in 1961Multi-family
View Map MEACHEN & OSTEEN
646 SOUTH ST DAYTONA BEACH, FL 32114
79
Occupancy Status
Low High
18/20
Level of Rehab
Heavy Light
15/20
Location of Neighborhood
Far Close
15/20
Quality of Floor Plan
Choppy Flowing
16/20
School Rating
F A
8/10
Placement in Neighborhood
Busy Calm
7/10
Property Details

Check out this concrete block Quad located in Daytona Beach. Each unit consists of one bedroom and one bathroom with separate electric and water meters and AC wall units. This property will need to be fully renovated to maximize your return with leasing each unit at $425 for a 15% AYP. We have also structured Seller Financing to be able to leverage funds. Don't miss out this multifamily opportunity, call your EquityPro Advisor for more information. T

We recommend rent
Rental Income
$1,700 mo. / $20,400 yr.
Investor Price
$59,900
Closing Costs to Buy
$3,000
Rehab Projection
$37,000
Utilities
$1,000
Property Insurance
$1,000 / yr.
Estimated Taxes
$1,368 / yr.
Property Management
$2,040 / yr.
Maintenance
$500 / yr.
HOA Dues
$0 / yr.
$15,492
Projected Income
15.35%
Estimated APY
After Repair Value
$100,000
Investor Price
$59,900
Closing Costs to Buy
$3,000
Rehab Projection
$8,500
Utilities
$1,000
Closing Costs to Sell
$3,000
Listing Agent Commission
$3,000
$21,600
Total Projected Profit
27.55%
Estimated ROI

Comps

Listed
Pending
Sold
610 S RIDGEWOOD Avenue Daytona Beach, FL 32114 $109,900
5 bed / 5 bath 2,340 sq ft Sold 08/01/16
549 Magnolia Avenue Daytona Beach, FL 32114 $129,900
3 bed / 3 bath 2,864 sq ft
Flip Rehab Details
Grounds
Lawn/Mulch beds
$500.00
Exterior
Exterior Paint
$2,500.00
Systems
Other
$1,000.00
AC WALL UNITS
Interior
Interior paint
$2,500.00
Tile flooring
$2,000.00
Rent Rehab Details
Exterior
Roof
$9,000.00
Systems
Other
$1,000.00
AC WALL UNITS
Plumbing
$6,000.00
Electrical
$6,000.00
Interior
Interior paint
$3,000.00
Kitchen appliances
$3,000.00
Kitchen cabinets
$5,000.00
Kitchen countertops
$4,000.00