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Archived over 1 year ago

$117,000

3 bd 1 ba 864 sqft

2704 E Main St, Mims, FL 32754

Residential SFR

Current Rent **

N/A

Projected Rent **

$1,297

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

AMAZING Rental for Passive Income! Section 8 pays over 1%! 🏑

πŸ™ƒ ATTENTION Investors!! Don’t miss this OPPORTUNITY! AMAZING Rental for Passive Income! Section 8 pays over 1%! 🏑

SERIOUS CASH BUYERS ONLY or Also Available for Owner Financing, see terms below!

βœ… Suggested CASH Price: $117K + ALL closing costs

ARV:​ ​
$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:​
It was rented $1,125 (2022 Section 8)
Now Rents are $1297 for 2023 according to section 8 guidelines

βœ… Suggested CASH Price: $117K + ALL closing costs

🏑 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.

πŸ›  Repairs Needed:​
- Fully renovated! β€”No work needed except maybe some cosmetic

Must be ALL CASH (full price or down pmt) or Hard Money

πŸ“²πŸ“² 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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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** 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.