Clean, Rent Ready, High GROI 19% Offered at $60K Labelle/Ft Myers

[JC Gauthier]

Some meat on the bone on this one! Clean rent ready property located in the quiet and charming area of Port Labelle. Only a 30 minute commute to Fort Myers. This is a 2/2 with 938 sq ft on county records, however it has an 270 sq ft addition on the back making it a 3/2 for a total of 1,208 sq ft and the perfect rental opportunity. House two doors down that is approx same size sold for $149.9K on 5/27/16. This comp has a pool so we compensated and deducted $20K bringing the comp price to $129.9K

Using the average of comps in the immediate area of $97 per sq ft, we decided to stay on the conservative side and used $90 per sq ft to get the conservative ARV.

Price: $60,000

ARV: $85K - $108K
Rehab: $2K -$5K
Rent: $1,000
GROI%: 19.17%

B/B/G: 3/2/1 Car Port
Sq Ft: 1,208
Built: 1974
Constr: Block
Taxes: $1,073
Occ/Vac: Vacant

Link to Pictures: 

https://www.dropbox.com/sh/g5ct21vhhvgbsox/AAAUNYFzQexhdVmwFbr53-cja?dl=0

COMPS
4070 Rainbow Circle,Labelle, FL 33935
2 beds 2 baths 1,187 sqft
SOLD PRICE: $129,900 -$109 per sq ft
Sold on 5/27/16

4026 Albany Rd,Labelle, FL 33935
2 beds 2 baths 988 sqft
SOLD PRICE: $89,900 -$91 per sq ft
Sold on 05/18/16

4004 Saber Ct,Labelle, FL 33935
3 beds 2 baths 1,204 sqft
SOLD PRICE: $91,300 -$76 per sq ft
Sold on 04/29/16

4027 Rainbow Circle,Labelle, FL 33935
3 beds 2 baths 822 sqft
SOLD PRICE: $93,000 -$113 per sq ft
Sold on 04/29/16

RENTS

HOMEFACTS.COM

Fair Market Rents for:

4074 Rainbow Circle, Labelle, FL 33935

**Displaying data from FL 33935

Studio:$663
1 Bedroom: $699
2 Bedrooms: $859
3 Bedrooms: $1,123
4 Bedrooms: $1,264

Please Note:

We have an equity interest in this property and are selling the contract.
All properties require cash or a private/hard money loan in order to purchase. *No conventional or FHA financing available unless otherwise indicated. *All inspections must be completed prior to buyer signing the contract. *Rehab Estimate, Projected Rent, and ARV are ESTIMATES based upon First Step Partners LLC analysis and opinion, actual repair cost, rent, and/or ARV may vary. *First Step Partners LLC is not a licensed contractor or appraiser. *Taxes, Insurance, and Closing Cost are estimates. *Actual cost may vary. *Buyers will need to provide a $3,000 non-refundable deposit at time of contract. *Seller will convey using an as-is contract, clear and marketable title with a warranty deed. *All closings are with a licensed title company with Insurable Title. *Buyer will be responsible for all closing costs unless otherwise indicated.
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***These properties are NOT to be posted on CL, Zillow, Trulia or any other open social media. These are for your personal buyers to email to. If you have a Joint Venture Agreement or Marketing Agreement with First Step Partners and arrangements have been made and agreed upon, please abide by the rules of the agreement. If you have a buyer interested in our properties,
please contact [email protected]