Jax Pad Split Opportunity

Jax Pad Split Opportunity

4 bed 2 bath 1792 sq ft Built in 1940 Single Family
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59
Occupancy Status
Low High
12 /20
Level of Rehab
Heavy Light
8/20
Location of Neighborhood
Far Close
16/20
Quality of Floor Plan
Choppy Flowing
14/20
School Rating
F A
2/10
Placement in Neighborhood
Busy Calm
7/10
Property Details

Located in the desirable Durkeeville neighborhood of Jacksonville, is this 4 bedroom 2 bathroom single family home. The home has 1792 square feet of living space and ample off-street parking which will attract buyers and renters alike.  With the size of the house and current layout, we are recommending turning this property into a rent by the room house, aka Pad Split.

In order to maximize your rental numbers, we are suggesting adding 2-3 more bedrooms and adding a 3rd bathroom.  Once these updates and modifications have been made, we feel that each room can rent for at least $150 per week per room.  The home will also need a new roof, updates to the flooring, drywall preparation for the new walls, and the possible addition of a 3rd bathroom. 

With a pro forma rental amount of over $3000 a month and instant equity, this home should make a great project for any level of investors.  Call your EquityPro Advisor today before this opportunity is gone.

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We recommend rent
Rental Income
$3,400 mo. / $40,800 yr.
Estimated Taxes
$2,000 / yr.
Maintenance
$5,000 / yr.
$22,050
Projected Income
10.53%
Estimated APY
$12,425
Projected Income
5.58%
Estimated ROI

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