Great Investment Property Potential!
Beds: 3 Baths: 2 Heated Sq ft: 1332 Year Built: 2001
Great opportunity to buy a house $15-20,000 below market value! This attractive house does need a good tidy up, but it's all just cosmetic. After being painted and the cabinetry is either repelaced or repaired this will make someone a great home. The house is already tiled throughout which is perfect for Florida, and features a split floorplan, ideal for a family. Out the back there is a large yard for the kids to play in.
Trulia, who tend to be on the low side, estimate the house to be worth $116,000, so this is a great deal for someone.
Located in Poinciana which is currently seeing a resurgence due to the new Medical Centre being open, and plans for the Sunrail to begin there. Shopping and restaurants are closeby at the Poinciana Town Centre.
Approved Price: $99,900
Approx Repairs: $5,000
Estimated Closing Costs: $2,000
Approx Total Price: $106,900
Estimated Monthly costs:
Total Monthly costs: $238
Est. Monthly Rent: $850-975
Est. Net Annual Rent: $7344-8844
Estimated ROI: 7-8.2%