6K Profit Potential Deal in Miami ID745 Miami, FL

Property Detail

Status Location Sub Location Price $199,500 Bedrooms2Bathrooms1

Property Description

Description: This is an Investor-Ready Foreclosure. This house didn’t sell at foreclosure auction and is now bank-owned, similar to an REO. Because the banks are anxious to sell these properties, they may be motivated to negotiate.

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Short term rental numbers

Est. Monthly Rental Income$2,059Zestimate
Est. Rental Income (over 5 yrs)$123,529Zestimate
minus Seller’s Asking Price$199,500Zestimate
minus Est. Cost of RepairsN/AZestimate
minus Est. Cost of Furnishings$9,975Zestimate
equals 5 year Equity/Profits of$360,613Zestimate

Fix & Flip numbers

Est. After Repair Value (ARV)$205,882Zestimate
minus Seller’s Asking Price$199,500Zestimate
minus Est. Cost of RepairsN/AZestimate
equals Profit Potential of$6,382Zestimate
Need funding: Get Pre-Qualified
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This information is provided by the seller. All numbers, including Estimated After Repair Value (ARV) and Estimated Cost of Repairs are estimates. Please do your own due diligence.

Property Features

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