PENTHOUSE FORECLOSURE, 50% CASH ON CASH RETURN

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PENTHOUSE FORECLOSURE, 50% CASH ON CASH RETURN

Engineer · Fort Myers, FL · Member since 2016 · 23 posts · 11 votes

The best Foreclosure in Southwest Florida is here just need a big fish to jump on this. I have the property under contract, the team to do the rehab and the expertise to sell it as soon as it is complete. Expected time for rehab and sale 6 months, calculation time 10 month

Market ARValue= 770,000.00

Foreclosure Price= 355,600.00

Rehab Cost= 70,000.00

HOA Monthly= 1,680.00 x 10= 16,800.00

Comision for sale and success (negotiable)= $120,000.00

Total return= 207,600.00

Investment required= 442,400.00

% cash on cash = 46,92%

Seven units sold in the same neighborhood during the year over a 1MM

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  • Rental Property Investor · Leucadia, CA · Member since 2015 · 153 posts · 53 votes
    10y

    Could you send over the address?

  • Engineer · Fort Myers, FL · Member since 2016 · 23 posts · 11 votes
    10y

    Steven, 

    The address is 5260 S Landings Dr, if you need more information please give a call on Monday to set up an appointment. 

    2398882098 

    Thanks

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