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Get this 3/2 Foreclosure in 33168 ID905 North Miami, FL

Property Detail

Status Available Location Florida Sub Location North Miami Price $273,000 Bedrooms3Bathrooms2EquityN/A

Property Description

Investor-Ready Foreclosure

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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Use this form for property-specific inquiries only. No solicitations allowed. All messages are scanned for inappropriate content.

Short term rental numbers

Est. Monthly Rental Income$3,475Zestimate
Est. Rental Income (over 5 yrs)$208,488Zestimate
minus Seller’s Asking Price$273,000Zestimate
minus Est. Cost of RepairsN/AZestimate
minus Est. Cost of Furnishings$13,650Zestimate
equals 5 year Equity/Profits ofN/AZestimate

Fix & Flip numbers

Est. After Repair Value (ARV)$347,480Zestimate
minus Seller’s Asking Price$273,000Zestimate
minus Est. Cost of RepairsN/AZestimate
equals Profit Potential ofN/AZestimate
EquityN/AZestimate
Need funding: Get Pre-Qualified
View Other Funding Options

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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Get Funding

 

Ready to get funding for your deal? Get lenders competing to finance your deal and get the best rate available anywhere.

Answer a few quick questions and get contacted by lenders who are ready and willing to fund your deal fast. To get started, select your investment strategy below:

 

What’s your investment strategy?

Buy & Hold Fix & Flip A little bit of both
Funding options

View Other Funding Options

Hard Money

Borrow from a Hard Money lender. These loans are easier to quality for, have low rates and fees, and close in as little as 4 days.

Crowdfunding

Borrow up to 80% of the ARV with no origination fees up front. Crowdfunding is faster and more flexible than traditional funding, and less money is needed to close.

Long–Term Loans

Take out a traditional long-term loan from a mortgage company or bank.

Private Money

Borrow money from a private lender. Each private lender is different, but these individuals typically offer lower rates than hard money lenders, and more flexible terms.

Your Own Cash

Use your own cash. Those who have cash generally prefer this method because it eliminates borrowing costs and speeds up the closing process.

Someone Else’s Cash

Bring another individual into the deal who will either partner with you or be your private lender. Partners receive a portion of your profits.

Take Over Payments

Take over the existing mortgage “Subject To” the existing financing. This is much more likely to be effective for motivated seller leads as opposed to wholesale deals.

No Money Needed

If you primarily pursue motivated seller leads and your plan is to wholesale those properties, then you don’t need cash or financing.

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