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