5-Home Package in Riverview

5-Home Package in Riverview

11 bed 7.5 bath 4588 sq ft 4 Mobile Homes and 1 Single Family Home
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65
Quality of Comparables
Low High
12 /20
Level of Rehab
Heavy Light
12/20
Location of Neighborhood
Far Close
15/20
Quality of Floor Plan
Choppy Flowing
12/20
School Rating
F A
7/10
Placement in Neighborhood
Busy Calm
7/10
Property Details

Here's an excellent opportunity to add cash-flowing rentals in the high-demanding region of Riverview, FL! These total of five properties feature a total of 11 bedrooms, 7.5 bathrooms, and 4588 square feet of living space. Three parcels are adjacent to each other and the other one is just a 15-minute drive away. 4/5 of the properties are mobile homes, two of which are 3/2 double wides. One property is a 1/1 single family that shares the parcel with one of the mobile homes. All the properties are currently tenant-occupied with stable tenants renting for $5233.33/month. The current rent is on the lower end and can be increased given how much the Riverview area has grown. After conducting further research and noticing rental market trends in the area, we have estimated a conservative $7,000 total rental income per month. That number brings you to an average of $1,400 per door! We recommend putting in some value-add towards the properties and increasing the rents for an increased monthly cash flow. Opportunities like this are rare in Riverview, so please contact your EquityPro advisor for more information!

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We recommend flip
Rental Income
$7,000 mo. / $84,000 yr.
Estimated Taxes
$7,500 / yr.
Maintenance
$10,000 / yr.
HOA Dues
$0 / yr.
$55,100
Projected Income
9.98%
Estimated APY
$183,100
Projected Income
29.92%
Estimated ROI

Comps

 
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