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.
*********************************************************************************************************
***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]