Spring Hill Buy and Hold

Rental Return

Spring Hill, FL 34606

Bedrooms: 2-3     Bathrooms:  3    SQFT: 1,028

Year: 1930     ARV: $92,000

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Spring Hill rent and hold on a large lot.  The house has 2 bedrooms plus a separate office that could be a 3rd bedroom,  3 bathrooms, and a large 2 car garage. The unit needs some light work to be rent ready including, paint, and some carpet. The rolled roof looks good and has been sealed every couple years. AC wall units and water heater works fine but WH is older so that may be an item you want to address.  There's a potential tenant ready to go at $950 a month which should generate over a 10% return. However, we also think a new owner could get a higher rent amount of $1000 or even a little more. The kicker is the house sits on one side of the lot and the lot is large enough to be sub-divided. So, there is potential to sell the lot or place another unit there for more rental income. Give your Florida Property Hub agent a call today for more information.

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