Florida State University Rental | EquityPro
88
13.62% Estimated APY
$34,900 Investor Price
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91 Ben Yonge
104 Bob Tosi
230 Brandon Jenkins
198 Cesar Sagastume
228 Chris Chuck
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

Florida State University Rental

3 bed / 1 bath1,280 sq ft Built in 1945Single Family
View Map GRIFFIN COLLEGE HEIGHTS
1201 Birmingham St, Tallahassee, FL 32304
88
Occupancy Status
Low High
20/20
Level of Rehab
Heavy Light
17/20
Location of Neighborhood
Far Close
18/20
Quality of Floor Plan
Choppy Flowing
16/20
School Rating
F A
10/10
Placement in Neighborhood
Busy Calm
7/10
Property Details

This property is located in Tallahassee Florida, just minutes away from two of Florida's largest university's - FSU and FAMU! This home features 3 bedrooms, 1 bath, and 1,280 square feet. The property is currently tenant occupied by a tenant with a good history who is currently paying $750 on the month to month basis. This property would be ideal for any investor looking for a solid rental with a strong return in a very hot rental market. This one will move fast so please contact your EquityPro Advisor to secure this investment.

We recommend rent
Rental Income
$750 mo. / $9,000 yr.
Investor Price
$34,900
Closing Costs to Buy
$2,700
Rehab Projection
$4,000
Utilities
$300
Property Insurance
$1,000 / yr.
Estimated Taxes
$1,142 / yr.
Property Management
$900 / yr.
Maintenance
$250 / yr.
HOA Dues
$0 / yr.
$5,708
Projected Income
13.62%
Estimated APY
After Repair Value
$64,900
Investor Price
$34,900
Closing Costs to Buy
$2,700
Rehab Projection
$14,500
Utilities
$300
Closing Costs to Sell
$700
Listing Agent Commission
$2,747
$9,053
Total Projected Profit
16.21%
Estimated ROI

Comps

Listed
Pending
Sold
1203 ABRAHAM ST Tallahassee, FL 32304 $74,900
3 bed / 3 bath 1,860 sq ft
1007 NW Calloway Tallahassee, FL 32304 $42,000
3 bed / 1 bath 828 sq ft
1102 N Woodward Tallahassee, FL 32304 $40,000
3 bed / 2 bath 984 sq ft Sold 06/28/16
1109 NW Calloway Tallahassee, FL 32303 $38,500
3 bed / 1 bath 912 sq ft Sold 08/30/16
1331 GIBBS DR Tallahassee, FL 32303 Rental Comp $1,100
2 bed / 1 bath 1,128 sq ft Sold 01/01/17
1321 CALIFORNIA Tallahassee, FL 32304 Rental Comp $795
3 bed / 1 bath 1,243 sq ft Sold 07/22/16
Flip Rehab Details
Grounds
Trash removal
$500.00
Exterior
Roof
$6,500.00
Exterior Paint
$2,000.00
Interior
Carpet
$1,500.00
Interior paint
$2,000.00
Kitchen appliances
$1,500.00
Bathroom vanity
$500.00
Rent Rehab Details
Interior
Carpet
$1,500.00
Interior paint
$2,000.00
Miscellaneous hardware
$500.00