All Forum Posts by: Francis Pesant

Hello everyone,

We have been working on a rehab project for some time and now have it on the market for about 45-60 days. After some showings by the agent, the general concern from potential buyers is the location.

The property is located near a commercial ave (Back to a vacant lot facing the commercial ave and a car dealer backyard in front of the street). Neighborhood is a little junky and we got rubbed 2x during the works. This is not a war zone but we overestimated the quality of the location. The property is preaty nice and finish product is nice, big 4bed 2 baths. We already lower the price 2x.

Do you have any tips or ideas to help selling a nice property in a not so good location ?

Thanks everyone for your help !

Great opportunity for cash buyers!

2 beds, 1.5 baths, 1,139 sq.ft., built in 1983

Property is located near Jacksonville University and other schools.

The plumbing, electric, and HVAC are in good condition.

Currently rented at $750 (potential to raise up to $850). HOA is $180/month.

ASKING PRICE: $40,000
MONTHLY INCOME: $750.00
CAP RATE: 14.23%

VERY GOOD FIX N FLIP PROPERTY. MINOR REHAB AND GOOD PROFIT. CAN BE FLIPPED VERY QUICKLY.

NICE NEIGHBORHOOD NEAR JACKSONVILLE UNIVERSITY.

3 beds, 2 baths, 1,624 sq.ft., built in 1959

The property will need new carpet and paint throughout the home.
The bathrooms will need updating, but overall it is in decent condition.
Currently rented at $825 on a month-to-month basis. (Potential 950$)

ARV: $117,000
REHAB COST: $10,000
ASKING PRICE: $80,000
-------------------------------------------------
PROFIT: $27,000

SOLD COMPS:

$132,000 - 5720 Tarpon Ct, Jacksonville, FL
3 Beds 2 Baths 1,504 Sqft. Sold: 12/16/15

$120,000 – 7043, Berrywood Ln, Jacksonville, FL
3 Beds 2 Baths 1,429 Sqft. Sold: 2/2/16

GREAT INVESTMENT PROPERTY (RENTED) - 2 OTHER PROPERTIES AVAIBLE TO SELL IN BUNDLE

Allready rented at 750 $ / month - Cashflow all year long !

Located in Woodstock Park Neighborhood, nice and quiet with mature trees.

3 bed. / 2 bath.- Remodeled in 2015.

15% + CAP RATE

CASH FLOW PROPERTY - GREAT INVESTMENT (RENTED)

GREAT INVESTMENT PROPERTY (RENTED) - 2 OTHER PROPERTIES AVAIBLE TO SELL IN BUNDLE

Allready rented at 750 $ / month - Cashflow all year long !

3 bed. / 1 bath.- Rehabed in 2015

15% + CAP RATE

GREAT INVESTMENT PROPERTY (RENTED) - 2 OTHER PROPERTIES AVAIBLE TO SELL IN BUNDLE

Allready rented at 750 $ / month - Cashflow all year long !

Located in Woodstock Park Neighborhood, nice and quiet with mature trees.

2 bed. / 1 bath.- Rehabed in 2015.

14% + CAP RATE

GREAT INVESTMENT PROPERTY (RENTED 750$ / MONTH)

GENERATES GOOD CASHFLOW

2 bed. / 1 bath. - Remodeled in 2015 - New countertops, paint,carpet...

Located in Woodstock Park neighborhood, quiet and very mature with big trees.

14 % + CAP RATE. ALLREADY RENTED - NO WORRY !

GREAT INVESTMENT PROPERTY. NEW PRICE ! HIGH CAP RATE.

NICE RENTED PROPERTY IN QUIET NEIGHBORHOOD.

TENANT IN PLACE FOR LONG TIME.

GROSS RENT CURRENTLY AT 850 $. POTENTIAL OF 1 000 $. MONTHLY CASH FLOW OF 400 $.

ARV + 75 000 $

NEED TO MOVE FAST.

REGARDS,

FRANCIS P.

Great starter home or investment property already rented.

Produces high cap rate !!

Home in quiet neighborhood with steady tenants for years.

Potential rents of 1 000$.