Cheap Brevard County

Rental or Flip

Rental Return
Cocoa, FL 32922

Bedrooms: 3     Bathrooms:  1    SQFT: 756

Year: 1967      ARV: $105,000

Single Family Block Home, located in the red-hot market of Brevard County, featuring 3 Bedrooms, 1 bath, plus a carport.  Roof was replaced in 2019, and AC is less than 10 years old, Water Heater less than 5yo,  and all functioning fine.  The home also has newer kitchen cabinets and ceramic tile throughout main living areas. 

Currently income producing, with Section 8 tenant in place, paying under Market Value at $729/month with lease expiring on 03/31/2020. As a Buy & Hold, you can simply renew the current tenant in place, and increase rental amount with Section 8, or give it a little TLC (interior paint, replace carpet in bedrooms, etc), to make rent ready for your new tenant at a higher rate.  With Market Value Rental Comps upwards of $900-1,000/month, this property could be the perfect addition to your rental portfolio.  Or, with a quick and easy cosmetic rehab, it could also generate a nice return as a flip.

Expected NET Annual Income should be over $8,000 (at Minimal Market Value Rent of $900/month), giving buy and hold investors be over 11.50% NET ROI. While even at the current Under Market Value Rental rate, property still generates close to 9% NET ROI. So, whether you are a novice or a seasoned investor, at such a low price and with so much potential, you can’t afford to pass up this deal.  

 

Call your Florida Property Hub agent today for more information and to schedule a showing

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200 N Denning Dr, #8
Winter Park, FL 32789

Tel: (407) 636-4065
 

Florida Property Hub Florida Property Hub, LLC Invest Central Florida Florida Investment Homes Florida Investment Property Central Florida Real Estate Investment Orlando Investment Property Tampa Investment Property Brevard Investment Property Titusville Investment Homes Cocoa Investment Homes Melbourne Real Estate Investment Florida Property Hub Cash For Your Property We buy homes cash sell your home cash cash for your home real estate investment orlando Brevard county cfri Orange County cfri Volusia County cfri Deltona real estate investing

All properties are sold as-is, buyer pays all closing costs. Price based on a cash or hard money offer and is net to seller. All offers on properties require a minimum, $3,000 non-refundable earnest deposit Buyers to do their own independent due diligence. Seller owns or holds an equitable interest. No representations written or oral are made concerning the properties above.  Florida Property Hub, LLC makes no guarantees concerning property condition, value, characteristics or financial benefits. Equal Opportunity Housing. © 2018 by Florida Property Hub, LLC. Proudly created with Wix.com