Strong CAP Rate potential. 2/2 single family property with attached 1 bedroom, 1 bath in-law suite with kitchen and private entry. Lot is over 10,000 sqft and alone valued at $29,000. Property needs full rehab including A/C, Roof, Appliances, Paint and Carpet. Surrounding area has very well kept homes and businesses. This is the ugliest home on entire block which creates huge potential to bring it up to surrounding standards.

Cost Analysis Performed as Rental Property
In:
Rent – $10,800.00

Out:
Estimated Taxes – $980.00
Estimated Insurance – $500.00
Property management (optional) – 10% $1,080.00
Misc./Maintenance/Lawn (optional) - $300.00
Total Costs – $2,560.00

Net: $8,240.00

Earn:
Total yearly equates to - $8,240.00
Total monthly equates to - $686.67

Rehab – $10,000
Price – $29,000.00 + Rehab = $39,000
Net Cap Rate - 21.13%

Property is located in downtown Zephyrhills, FL.