Volusia County Rental $20k Under Assessed Value

Volusia County Rental $20k Under Assessed Value

2 bed 2 bath 840 sq ft Built in 1980 Manufactured Home
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67
Occupancy Status
Low High
12 /20
Level of Rehab
Heavy Light
12/20
Location of Neighborhood
Far Close
14/20
Quality of Floor Plan
Choppy Flowing
14/20
School Rating
F A
8/10
Placement in Neighborhood
Busy Calm
7/10
Property Details

Located in Port Orange, is this 2-bedroom, 2-bathroom, single-wide mobile home. We suggest removing the slider and turning the addition into a third bedroom. Most of the subfloor has already been replaced, allowing the new owner to come in and finish the renovations. We also suggest updating the bathrooms, flooring, kitchen, and giving the home a fresh coat of paint.

There is no HOA or lot rent, so you own the land. Once updated, we feel that market rent should be $1500 or more depending on updates and bedroom count. Another key feature is that the current county assessed value of the home is $91,383, giving the new owner equity from day one.

Deals at this price and cash flow are hard to find, so call your EquityPro Advisor today to secure this opportunity.

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We recommend rent
Rental Income
$1,500 mo. / $18,000 yr.
Estimated Taxes
$1,400 / yr.
Maintenance
$500 / yr.
HOA Dues
$0 / yr.
$12,900
Projected Income
10.79%
Estimated APY
$23,750
Projected Income
18.81%
Estimated ROI

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