💰🐄 Rental SFH in Jacksonville, FL | $76.3K Spread | EASY Income 🏠✨

Description

Address: 7078 Marvin Ave, Jacksonville, FL 32208

This 4 bedroom / 2 bathroom. Amazing potential on this property for rental owners. 🏠💰

Deal Takeaways:

Turnkey rental
Already occupied and cash-flowing
Recently rehabbed, meets 1 percent rule
Financials:

ARV: $215,000

Purchase Price: $138,700

Estimated Profit Details (Flipper/MLS Sale):

ARV: $215,000

(*) 94% for sale commissions

(-) $138,700 purchase price

(-) $0.00 estimated rehab/make ready costs

(-) $5,000 esti. closing / holding cost

(=) $58,400 profit

Estimated Rental Profit Details:

Current Rental Income: $1,350

(-) $165 monthly tax

(-) $110 monthly insurance

(-) $135 property management (estimated recommendation)

(-) $135 recommended allocation for repairs, vacancy, etc (estimated recommendation)

(=) $805 a month

Property Details:

4 Beds / 2 Bath

1947 Year Build

1,264 Home Square Feet

7,785 Square Feet Lot Size

Leased through Jan 2025