3551 Hughey St Sanford, FL 32771
Ext Const: Block / Wood Frame
Avg Rent = 2600/mo
Gross Rent ROI = 37.64%
Property Overview: Did you take huge losses in the stock market? Well, here is the perfect opportunity to make some gains back. This property has multiple exit strategies. It is only in need of a new roof and some paint to make it rent ready. The current owner has been renting the property out by room and receiving $600-800 per room. Currently 3 of the 4 rooms are vacant due to him selling the property. Once fully rented you’ll enjoy a great $2,600/month income from this property alone; that will bring you a 31.29% Gross ROI!
Don’t want to rent it out by room? Then no problem, the average rent in this area for a 4/2 is $1,250 per month.
If you’re looking for a quick flip then no worries, with renovated comps selling for $135K+ you’ll be able to make a quick profit also.
Flip Rehab: 25K – 30K
Kitchen and bath updates, flooring, repair central A/C, replace roof, fixtures, cosmetics, and landscaping.
Rental Rehab: 8K – 15K
Replace roof, replace central A/C(optional), interior/exterior paint, fixtures, cosmetics, and landscaping.
Available on 06.04.2020
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