4327 Mundella Cir, Port Charlotte, FL 33948
Asking 43% of ARV – Port Charlotte property that will easily meet the 1% rental rule.
Asking Price – $99,000
Built in 1990, this 3 bed, 2.5 bath, 1,512 sqft corner lot house is in a great canal neighborhood with the average rental rates for non canal properties of $1,550 to $1,650 and an ARV of $216,000. The property has a brand new A/C, plumbing, and water heater that were all replaced in June/July 2020. The aluminum roof is in excellent condition and there is no leaks or water damage anywhere in the house.
The property does need a full interior remodel including the kitchen, bathrooms, flooring, drywall, and either removal or repair of the deck and pool. We are estimating a $55,000 rehab for everything which still allows for a 1% rental rule income (and 30% equity) after everything is done. This will be a fairly easy rehab project.
Property is empty and on a lockbox so please reach out if you would like to see it. We require a $5,000 non refundable earnest money deposit due at signing.
Available on 07.07.2020
Don’t let this excellent opportunity pass you by! Get it yours now!