$31,000 Renovated And Tenanted Buy To Let Property In Jacksonville. 16.82% Net Yield

  • Price: 31000.00 $
  • Bedrooms: 2
  • Bathrooms: 1

1430 State St W, Jacksonville, FL 32254 is a renovated 2 bedroom, 1 bathroom single family home of 720 square foot on a lot of 3,860 square foot. Built in 1952, the property benefits from off-street parking.

The property is located in the New Town district on the mid-western side of Jacksonville. 

This property offers excellent value for money and is priced to sell now! The current Zestimate for the property is $44,753 and Zillow predicts prices in Jacksonville will increase by 6.4% in the next 12 months.

The property is already tenanted on a renewable 12 month lease to ensure you receive an excellent income from day one.

 

KEY FIGURES:

Purchase Price:         $31,000

Closing Costs:           $1,000 (Estimated)

TOTAL OUTLAY:         $32,000

RENTAL INCOME:       $7,200

OUTGOINGS:

PROPERTY TAXES:     $596

INSURANCE:             $500

MANAGEMENT:          $720

TOTAL OUTGOINGS:  $1,816

NET INCOME:            $5,384

THE NET YIELD IS THEREFORE A FANTASTIC 16.82%

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

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