Cocoa Flip or Rent with Seller Financing

Cocoa Flip or Rent with Seller Financing

3 bed 1.5 bath 1317 sq ft Built in 1959 Single Family
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70
Quality of Comparables
Low High
18 /20
Level of Rehab
Heavy Light
14/20
Location of Neighborhood
Far Close
15/20
Quality of Floor Plan
Choppy Flowing
15/20
School Rating
F A
3/10
Placement in Neighborhood
Busy Calm
5/10
Property Details

Located in Brevard County is this concrete block buy-and-hold opportunity in Cocoa. The home has three bedrooms and one bathroom and a half connected to city water and sewage. Currently, it is tenant-occupied with an under-market rate of $1,000 a month. You can expect a market rental rate between $1,300 - $1,400 per month with minor cosmetic updates. The home in its current condition has a newer HVAC system about a year old with an older roof, plumbing, and electric. Seller financing is also available with $85,000 down, 5% interest for a three-year balloon interest only payment. 

With strong comparables above $200,000 near this subject property, we're estimating an after repair value of $240,000. Brevard is a scorching market expecting nothing but appreciation in the coming months. For more information, contact your EquityPro Advisor. 

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We recommend flip
Rental Income
$1,300 mo. / $15,600 yr.
Estimated Taxes
$1,462 / yr.
Maintenance
$300 / yr.
HOA Dues
$0 / yr.
$10,778
Projected Income
6.53%
Estimated APY
$41,550
Projected Income
20.42%
Estimated ROI

Comps

 
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