Jacksonville Rental Under 35k

Jacksonville Rental Under 35k

3 bed 2 bath 1140 sq ft Built in 1995 Mobile Home
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66
Occupancy Status
Low High
12 /20
Level of Rehab
Heavy Light
16/20
Location of Neighborhood
Far Close
14/20
Quality of Floor Plan
Choppy Flowing
14/20
School Rating
F A
3/10
Placement in Neighborhood
Busy Calm
7/10
Property Details

Located in a high-demand rental area is an excellent opportunity to add a three-bedroom, two-bathroom mobile home to your rental portfolio. This property features 1,140 square feet of living space, an updated roof, plumbing, and electrical, all permitted through the city.  This property is tenant-occupied on a month-to-month lease at $750.  We recommend giving the tenant notice to vacate, cleaning up the property, and charging a new tenant market rent.   Rent in this area shows to be about $1.09 per square foot, and our proforma numbers show a conservative return.  Deals that offer this kind of cash-on-cash return do not often appear, so contact your Equitypro advisor to secure this deal. 

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We recommend rent
Rental Income
$1,000 mo. / $12,000 yr.
Maintenance
$500 / yr.
HOA Dues
$0 / yr.
$8,550
Projected Income
16.93%
Estimated APY
$11,825
Projected Income
20.33%
Estimated ROI

Comps

 
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