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JACKSONVILLE FLORIDA FAMILY HOUSE FOR SALE WITH 3 BEDROOMS AND 2 BATH’S-EASY FINANCING WITH 20% DOWN

Real Estate Tips: If you are trying to sell your house, straightening up your home is a great idea. Cleaning up your home will help it to look more inviting to potential buyers, thus helping to sell your home more quickly. Clearing out the clutter and taking down family photographs is important, to help depersonalize the house. The more inviting your home looks, the better chance it has of catching a buyers eye.

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SOLD – Priced to sell at $ 119,000
Check out this 3 bed/2 bath single-family turnkey rental deal at “3540 Fern St Jacksonville, FL 32254”:

80% Financing available – No payments for up to 12 Months on all Properties.

Purchase price = $119,000
Potential monthly rent = $1,100
ARV = $130,000+
COCR after refinance = 23%
Year built: 1940, Size: 1039 SF

Financial Analysis
Cash on Cash Return 23.02 %
Internal Rate of Return (IRR) 37.84 %
Capitalization Rate 7.32 %
Gross Rent Multiplier (GRM) 9.85
Debt-coverage Ratio (DCR) 1.70
Operating Expense Ratio (OER) 25.67 %
After Repair Value $ 130,000
Profit/Equity From Rehab $ 9,000

Operating Analysis
Rent $ 1,100/mo
Gross Operating Income (GOI) $ 12,804
Total Expenses $ 3,286
Net Operating Income (NOI) $ 9,518
Annual Debt Service $ 5,604
Cash Flow Before Taxes (CFBT) $ 3,914
Income Tax Liability $ 641
Cash Flow After Taxes (CFAT) $ 3,272

Annual Property Operating Data
Incomes % of GOI
Gross Scheduled Income $ 13,200
Total Gross Income $ 13,200
Vacancy loss $ 396
Gross Operating Income $ 12,804 100.00 %
Expenses
Property manager $ 1,280 10.00 %
Insurance $ 1,000 7.81 %
Property tax $ 1,006 7.86 %
Total Expenses $ 3,286 25.67 %
Net Operating Income $ 9,518 74.33 %

Zillow predicts the home values in 32254 will increase 11.5% (↑) in the next year.

Written by Amyjax

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