9.5 Acres $20k Under Assessed Value

9.5 Acres $20k Under Assessed Value

0 bed 0 bath 416651 sq ft Built in 1900 Vacant Land
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50
Quality of Comparables
Low High
16 /20
Level of Rehab
Heavy Light
6/20
Location of Neighborhood
Far Close
14/20
Quality of Floor Plan
Choppy Flowing
2/20
School Rating
F A
5/10
Placement in Neighborhood
Busy Calm
7/10
Property Details

Located in Winding Creek subdivision in Myakka City, is this 9.56 acre lot.  The total lot size on the parcel is 416,651 square feet.  The lot is mostly cleared but will need plans to be drawn up for a possible new build.  Similar smaller lots in the same community are selling upwards of $245,000 a piece.  Whether you decide to build a new home, or relist the lot for a nice profit in It's as in condition, this should be a profitable endevour for any level of investor.  Call your EquityPro Advisor today for more information.

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We recommend flip
Rent Flip
Rental Income
$0 mo. / $0 yr.
Investor Price
$179,900
Closing Costs to Buy
$4,000
Rehab Projection
$0
Utilities
$500
Property Insurance
$1,000 / yr.
Estimated Taxes
$1,500 / yr.
Property Management
$0 / yr.
Maintenance
$1,000 / yr.
HOA Dues
$425 / yr.
$-3,925
Projected Income
-2.13%
Estimated APY
After Repair Value
$245,000
Investor Price
$179,900
Closing Costs to Buy
$4,000
Rehab Projection
$0
Utilities
$500
Closing Costs to Sell
$11,025
$49,575
Projected Income
25.37%
Estimated ROI

Comps

 
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