Needs Some Updates 35K Profit 27% Equity ID856 Boynton Beach, FL

Property Detail

Type Status Location Sub Location Price $115,395 Area (sqft)752Bedrooms3Bathrooms1Year Built1946Equity26.73%

Property Description

Description: 3 bed, 1 bath, Frame, 752 sq. ft. Built in 1946. Cleaning needing updates. Great rental. This single-family home is a great end of the year buy and project to start your New Year off with. Roof was put on approximately in 2006. You could fix this bad boy up and rent it out on section 8 or tear it down and build you a brand new home in its place similar to the others on the street because there are several updated homes in the community. The choice is yours. There is no HOA. The property is NOT vacant. Do not bother the resident, it will be vacant at closing.

About Repairs: No need for repairs.

How Seller Determined ARV: Kindly contact me for the comps value.

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Short term rental numbers

Est. Monthly Rental Income$1,500Zestimate
Est. Rental Income (over 5 yrs)$90,000Zestimate
minus Seller’s Asking Price$115,395Zestimate
minus Est. Cost of Repairs$0Zestimate
minus Est. Cost of Furnishings$5,770Zestimate
equals 5 year Equity/Profits of$264,230Zestimate

Fix & Flip numbers

Est. After Repair Value (ARV)$150,000Zestimate
minus Seller’s Asking Price$115,395Zestimate
minus Est. Cost of Repairs$0Zestimate
equals Profit Potential of$34,605Zestimate
Equity26.73%Zestimate
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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

no repairs required

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