Low Cost Marion County Mobile

Low Cost Marion County Mobile

2 bed 1.5 bath 838 sq ft Built in 1993 Manufactured Home
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57
Occupancy Status
Low High
16 /20
Level of Rehab
Heavy Light
12/20
Location of Neighborhood
Far Close
14/20
Quality of Floor Plan
Choppy Flowing
7/20
School Rating
F A
1/10
Placement in Neighborhood
Busy Calm
7/10
Property Details

Located just south of State Road 40 in Ocklawaha is this 2 bedroom 1.5 bathroom mobile home.  The home was built in 1993 and appears to be in good condition.  We are suggesting making some minor interior updates and placing a tenant in the property for $900 a month.  If the new investor decided to use this with a section 8 tenant, section 8 in Marion county pays upto $995 a month.  Another great opportunity is that the current just market value on the home is $40,659.  Homes at this price point tend to move quickly so call your EquityPro Advisor today for more information.

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We recommend rent
Rent Flip
Rental Income
$900 mo. / $10,800 yr.
Investor Price
$45,000
Closing Costs to Buy
$3,000
Rehab Projection
$21,500
Utilities
$500
Property Insurance
$1,000 / yr.
Estimated Taxes
$800 / yr.
Property Management
$1,080 / yr.
Maintenance
$500 / yr.
HOA Dues
$0 / yr.
$7,420
Projected Income
10.60%
Estimated APY
After Repair Value
$105,000
Investor Price
$45,000
Closing Costs to Buy
$3,000
Rehab Projection
$29,750
Utilities
$500
Closing Costs to Sell
$4,725
$22,025
Projected Income
26.54%
Estimated ROI

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