3/2 SFH Umatilla FL w/owner financing

[Alexa Michna]

Fixer Upper/Great rental home, large 3 bed 2 bath layout with bonus room and inside laundry- washer & dryer included. Large Kitchen, Fireplace, beautiful yard with no neighbors too! Garage needs some TLC/new roof, cosmetic upgrades for a rental, removing wallpaper and  a few minor touch ups.

Owner financing to landlords with $20k down payment. Umatilla is under-served with rentals! 

Reno costs - for a rental $7-$9k

Flip Reno - $12-20k

Cash Price $60k

Financed Price $64,900, min 20k down, $394 payments.

Rental rates = $875-$1100

ARV = $110-130k (hard due to limited comps in the area)

6 months ago 2/2 next door sold for $80k similar shape (smaller and one less bedroom)

2 months ago 3/2 across the road sold for $180k  (50 year newer & 400 larger sq ft) 

Property is available AS-IS - buyer pays all closing costs