$184,900
1211 NE 21st Ave., Gainesville, FL 32609
Current Rent **
N/A
Projected Rent **
$1,200
SOLID BLOCK HOME UNDER 185K WITH SHORT TERM RENTAL POTENTIAL
Purchase Price: $184,900
Estimated Rehab: $10,000
After Repair Value: $250,000
Annual Gross Income: $16,800
Annual Gross Return: 9%
Bedrooms 3
Bathrooms 2
Built: 1957
SQFT: 1,104
PPSF: $167.48
Tax/Yr: $866
HOA: N/A
Here's the opportunity to own a solid Block Home that sits on a 0.21 Acre Lot, Public Water & Sewer, located in a very quiet neighborhood, and just 10 minutes away from the University Of Florida. As a rental, the Savvy Investor simply needs to perform a light rehab to place a Tenant at market rent ($1,200), and begin Cash Flowing at a 6% Cap Rate. After leasing the home for a year, there will be more than enough Equity to Flip the Home if the buyer chooses to. This property can also be a Short Term Rental (Air B&B), which on average this home can be rented for $100-$175 a night. Buyers are to Independently verify with the County on zoning for Short Term Rentals. Do not miss the chance of owning an Investment that comes with an estimated $52k in Equity, that can be used to purchase more properties.
For comps and appointments/more info, please contact:
Liana Rodriguez - Real Estate Investment Advisor
Dynasty Investment Realty
Call/Text: (863) 307-2794
[email protected]
Location:
1211 NE 21st Ave., Gainesville, FL 32609
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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.
** Current rent and projected rent are provided by the lister.
† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.
‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.
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