One of A Kind Opportunity in North Miami ID734 North Miami Beach, FL
Property Detail
Type
Single Family House Status
Available Location
Florida
Sub Location
North Miami Beach
Price
$500,000
Area (sqft)1,576Bedrooms4Bathrooms3Lot Area7,150Year Built1953FlooringTile FloorsRooflingShingle RoofParkingDriveway, Slab/Strip, Street ParkingStyleR31-Pool OnlyPotential Equity45.80%
Property Description
Wholesale Deal
Miscellaneous: Family Room, Utility Room/Laundry, Dining/Living Room, First Floor Entry, Dryer, Electric Range, Refrigerator, Washer, Fence, Central Heat, Electric Heat, Central Cooling, Electric Cooling.
Short term rental numbers
| Est. Monthly Rental Income | $5,481 |  |
| Est. Rental Income (over 5 yrs) | $244,990 | |
| minus Seller’s Asking Price | $500,000 | |
| minus Est. Cost of Repairs | $150,000 | |
| minus Est. Cost of Furnishings | $25,000 | |
| equals 5 year Equity/Profits of | $819,990 | |
Fix & Flip Numbers
| Est. After Repair Value (ARV) | $922,500 | |
| minus Seller’s Asking Price | $500,000 | |
| minus Est. Cost of Repairs | $150,000 | |
| equals Profit Potential of | $272,500 | |
| Potential Equity | 45.80% | |
Revenue Projections (all cash)
Revenue (monthly): |
|
| Avg Gross Revenue | $5,481 |
Operating Expenses (monthly): |
|
| Property Taxes | $328 |
| Property Insurance | $400 |
| Utilities (water & electric) | $400 |
| Internet | $60 |
| Sling TV | $30 |
| Pool Service | $180 |
| Total Expenses | $1,398 |
Monthly Net Operating Income | $4,083 |
Revenue Projections (with financing)
Revenue (monthly): |
|
| Avg Gross Revenue | $5,481 |
Operating Expenses (monthly): |
|
| Mortgage Payment | $2,361 |
| Property Taxes | $328 |
| Property Insurance | $400 |
| Utilities | $400 |
| Internet | $60 |
| Sling TV | $30 |
| Pool Service | $180 |
| Total Expenses | $3,759 |
Monthly Net Operating Income | $1,722 |
ROI & Financial Projections (all cash)
Investment Costs: |
|
| Property Purchase | $500,000 |
| Furnishings | $25,000 |
| Closing Costs (Ins/Taxes/etc) | $15,000 |
| Total Investment | $540,000 |
Cash Flow Return on Investment: |
|
| Avg Cash ROI | 9.07% |
Total Return on Investment: |
|
| Avg Cash ROI | 9.07% |
| Avg Appreciation ROI | 23.60% |
Total Avg ROI | 32.68% |
ROI & Financial Projections (with financing)
Investment Costs: |
|
| Down Payment on Purchase | $125,000 |
| Furnishings | $25,000 |
| Closing Costs (Ins/Taxes/etc) | $30,000 |
| Total Cash Investment | $180,000 |
Cash Flow Return on Investment: |
|
| Avg Cash ROI | 11.48% |
Total Return on Investment: |
|
| Avg Cash ROI | 11.48% |
| Avg Equity Appreciation | 6.94% |
| Avg Appreciation ROI | 23.60% |
Total Avg ROI | 42.03% |
| 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.
Additional Information (download attached PDF file)
Property Features
pool
laundry
pre-selected short term rental deal
Hard Money
Crowdfunding
Long–Term Loans
Private Money
Your Own Cash
Someone Else’s Cash
Take Over Payments
No Money Needed
