Murray Hill Flip or Rent

Murray Hill Flip or Rent

4 bed 2 bath 1576 sq ft Built in 1948 Single Family
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64
Occupancy Status
Low High
12 /20
Level of Rehab
Heavy Light
10/20
Location of Neighborhood
Far Close
14/20
Quality of Floor Plan
Choppy Flowing
14/20
School Rating
F A
7/10
Placement in Neighborhood
Busy Calm
7/10
Property Details

This single family home is located in the Murray Hill subdivision of Jacksonville.  There are 2 structures on the property that can be used for rental income.  The main house is currently set up as a 2 bedroom 1-bathroom house even though property appraisers shows it as a 3 bedroom home.  We are suggesting to add some interior walls in order to add the 3rd bedroom to maximize your rental income.  One key feature on the main house, is that the roof and AC where replaced about 6 years ago.

The second building appears to be a concrete block converted garage.  The structure is 576 square feet of living space and will need to be completed in order to get rent ready.  This structure will need flooring, a finished bathroom, kitchen and walls to create a bedroom.  This unit will also need a split AC system in order to keep the interior at a comfortable temperature.  

Homes in this neighborhood with this kind of rental return are hard to find, so call your EquityPro Advisor today for more information.

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We recommend rent
Rental Income
$2,800 mo. / $33,600 yr.
Estimated Taxes
$2,000 / yr.
Maintenance
$1,000 / yr.
HOA Dues
$0 / yr.
$25,240
Projected Income
9.21%
Estimated APY
$45,600
Projected Income
15.49%
Estimated ROI

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