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Updated almost 16 years ago,
deal?
So I've come across a property that is currently bank owned.
It's a 2/1.5 with a bonus room (standard block florida home)
curently listed at $35k and needs minimal work (maybe $3k if that). taxes will run about $700 and insurance around $400`(not in a flood zone). zillow estimates the homes in the area to be about 78-80k.
rent for a 2/1.5 demands anywhere from 750-800 in the area.
does this look worthy of going after?