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Updated about 3 years ago on . Most recent reply

User Stats

19
Posts
5
Votes
Schneur Sanowicz
  • Aventura FL
5
Votes |
19
Posts

Found a property that looks good want to hear feedback on it

Schneur Sanowicz
  • Aventura FL
Posted

Found an apartment building that's fully leased in Belle glade FL.

I think it has great potential there are 7 units and it's priced about 50k per unit.

The units are each 2 bed 1 bath and is netting an estimate of 450 per unit per month.

I went on BluePockets rent estimator tool, and the comps for the area is $865 a month. if I can net $600 which is no where close to the $865 that BluePockets estimates, then the property would generate 50k a year.

Am I missing something and the property is fully leased so it has to be in pretty decent shape.

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