Daytona Beach Block Rental

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Rental Return
Daytona Beach, FL 32117

Bedrooms: 3     Bathrooms: 1     SQFT: 925     Year Built: 1959     ARV: $142,000

One of the least expensive deals you’ll see in 2020. This 1959 built, Block home, located in Daytona Beach, is 925 square feet and features 3 bedrooms, 1 bath, and 1 car garage. Roof is approximately 5yo and Septic Tank was serviced in January, 2020.  Overall, the home appears to be in decent shape, with only a good cleaning and minimal interior cosmetic rehab anticipated to get the property rent ready, such as paint, replace carpet, OR tear it up to expose the Terrazzo flooring throughout, add blinds, possibly replace kitchen appliances, and paint  existing cabinets for a fresher look.  

 

Expected NET annual income should be around $10,370, giving buy and hold investors a NET ROI of 9.72%, making this property a great addition to your rental portfolio.  And at such a low price, this property could also work a quick, cheap and easy flip, where once the rehab is completed, there is potential NET ROI of a 15% ($18,050) return.  Give us a call or text for more information, and to schedule a showing today!

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