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Tax Free Returns in Miami Area (Boynton Beach)

Isaac Taylor · 2017-01-29T09:08:55-08:00

METRO MIAMI INVESTMENT PROPERTY OVERVIEW Market: Metro Miami AreaListing Price: $135,900Rehab Estimate: N/AAddress: NW 13th Ave, Boynton Beach, FLBeds / Baths / Sq Ft: 3 beds / 1 bath / 1,000 sq ftProperty Description: Home is in move-in condition. It is formally a 3 bedroom, but also includes a den for extra space. Excellent location with newer roof installed in 2011.FINANCIAL SUMMARY - Click for More DetailsAt Listing PricePurchase Price: $135,900Rehab: $0Closing Costs: $4,077Total Investment: $139,977Financed Amount: $104,983Cash Investment: $34,994Annual Revenue: $16,200Annual Expenses: $8,982Interest: $5,249Net Income: $1,969Annual Return: 6%Annual Appreciation: $1,359Total Return Potential: 10%At Recommended PricePurchase Price: $117,000Rehab: $0Closing Costs: $3,510Total Investment: $120,510Financed Amount: $90,383Cash Investment: $30,128Annual Revenue: $16,200Annual Expenses: $8,982Interest: $4,519Net Income: $2,699Annual Return: 9%Annual Appreciation: $1,359Total Return Potential: 13%Want to Learn More About This Property? Find Out About the Neighborhood: Median Income, Poverty Rate, Unemployment Rate, % of Renters, Etc.Income Potential: See what similar homes are renting for in this neighborhoodExpense Expectations: See a detailed breakdown of key expenses like property taxes and insurance

Isaac Taylor

Investor · Detroit, MI · Member since 2008 · 66 posts · 11 votes

METRO MIAMI INVESTMENT PROPERTY OVERVIEW

Market: Metro Miami Area
Listing Price: $135,900
Rehab Estimate: N/A
Address: NW 13th Ave, Boynton Beach, FL
Beds / Baths / Sq Ft: 3 beds / 1 bath / 1,000 sq ft
Property Description: Home is in move-in condition. It is formally a 3 bedroom, but also includes a den for extra space. Excellent location with newer roof installed in 2011.

FINANCIAL SUMMARY - Click for More Details

At Listing Price

Purchase Price: $135,900
Rehab: $0
Closing Costs: $4,077
Total Investment: $139,977
Financed Amount: $104,983
Cash Investment: $34,994

Annual Revenue: $16,200
Annual Expenses: $8,982
Interest: $5,249
Net Income: $1,969

Annual Return: 6%
Annual Appreciation: $1,359
Total Return Potential: 10%

At Recommended Price

Purchase Price: $117,000
Rehab: $0
Closing Costs: $3,510
Total Investment: $120,510
Financed Amount: $90,383
Cash Investment: $30,128

Annual Revenue: $16,200
Annual Expenses: $8,982
Interest: $4,519
Net Income: $2,699

Annual Return: 9%
Annual Appreciation: $1,359
Total Return Potential: 13%

Want to Learn More About This Property?

Find Out About the Neighborhood: Median Income, Poverty Rate, Unemployment Rate, % of Renters, Etc.
Income Potential: See what similar homes are renting for in this neighborhood
Expense Expectations: See a detailed breakdown of key expenses like property taxes and insurance

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