Jacksonville, FL 3/2 Rental with Owner Financing

[Liz Brumer-Smith]

I have a 3/2 SFR with a tenant in place (new lease signed August 2015), paying $775. It does need a new roof, but other than that no immediate repairs. Tenant has been there a long time and would like to continue to stay.

Address: 6621 Vermillion St. Jacksonville, FL 32208

Terms:

Option 1: This option gives you, the investor, a total annual ROI of 13% $40,000 Purchase Price

$20,000 down with $20,000 financed at 6% interest for 120 months, giving you a monthly payment of $222.04

  $775 rental income

- $271 holding costs (35% of rent for taxes/insurance/maintenance/management)

- $222.04 mortgage payment

____________

$281.96 total monthly NOI

x 12 = $3,383.52 total annual NOI

$3,383 (your annual income) / $26,000 (Initial Investment of $20,000 down, plus roof and closing costs) = 13% yield

OR

Option 2: This option gives you, the investor, a total annual ROI of 14%

$37,000 cash (with $6 - $7K extra for roof and closing costs), you’d be all in a $43,500

   $775 rental income

- $271 holding costs (35% of rent for taxes/insurance/maintenance/management)

_______

$504.00 x 12 = $6,048 annual NOI

$6,048/$43,500 = 14% yield

Please do NOT disturb the tenant. We will be listing this in the MLS by the end of this week. Call me directly 407-205-7363 or email [email protected]