$117,000
2704 E Main St, Mims, FL 32754
Current Rent **
N/A
Projected Rent **
$1,297
AMAZING Rental for Passive Income! Section 8 pays over 1%! π‘
π ATTENTION Investors!! Donβt miss this OPPORTUNITY! AMAZING Rental for Passive Income! Section 8 pays over 1%! π‘
SERIOUS CASH BUYERS ONLY or Also Available for Owner Financing, see terms below!
β Suggested CASH Price: $117K + ALL closing costs
ARV:β β
$150-160K in our humble opinion ;)
Details:
3 Bed, 1 Bath
864 Sq Ft under air
Wood Frame
Built in 1955
Currently Vacant
City Water/Septic
No code violations
- New roof
- New A/C
- New electrical
- New plumbing
- New septic/drain field
RENTAL COMPS:β
It was rented $1,125 (2022 Section 8)
Now Rents are $1297 for 2023 according to section 8 guidelines
β Suggested CASH Price: $117K + ALL closing costs
π‘ OWNER FINANCING:
PRICE: $129K + ALL closing costs
15% Down minimum
3 points on mortgage
10% interests
Payments can be interests only, or amortized over 20/30/40 years
Interest only payment will be $913.75/m if 15% is put down.
Currently Taxes/Insurance is $150/m.
Total PITI $1064/m.
If rented at $1297, you can cashflow$233/m.
Want bigger cashflow? Then put more down ;)
Balloon in 5 years
Buyer pays for ALL closing costs.
Taxes and Insurance are paid separately by Buyer.
π Repairs Needed:β
- Fully renovated! βNo work needed except maybe some cosmetic
Must be ALL CASH (full price or down pmt) or Hard Money
π²π² PLEASE CALL/TEXT 321-425-1632 FOR MORE DETAILS/PICTURES
When sending a TEXT, please mention you saw this ad on Bigger Pockets along with the price of the home (ex: I saw your ad on Bigger Pockets for the property listed for $117,000 in Mims)
Location:
2704 E Main St, Mims, FL 32754
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** Current rent and projected rent are provided by the lister.
† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.
‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.
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