$45,000 Renovated 4 Bed Home Let To Sec 8 Tenants. 15.84% NET Yield

  • Price: 45000.00 $
  • Bedrooms: 4
  • Bathrooms: 2
  • Size (M2): 94

1324 W 16th St, Jacksonville, FL 32209 is a spacious 4 bedroom, 2 bathroom single family home which has recently been renovated to section 8 standards and is already let to section 8 tenants at $800 per month.

Built in 1942, this excellent property measures 1,012 Sq. ft. on a lot of 5,022 Sq. ft.

Zillow predicts Mid-Westside home values will rise 4% next year

KEY FIGURES:

Purchase Price:         $45,000

Fixed Closing Cost:    $1,000 (Estimated)

Agency Fee:             $1,500

TOTAL OUTLAY:         $47,500

RENTAL INCOME:       $9,600

OUTGOINGS:

PROPERTY TAXES:     $662

INSURANCE:             $600

MANAGEMENT:          $816

TOTAL OUTGOINGS:  $2,078

NET INCOME:            $7,522

THE NET YIELD IS THEREFORE A FANTASTIC 15.84%

Please contact us for further information or to reserve this property.

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