This excellent opportunity is immediately available. Foreclosed block duplex available free of liens. Each unit consists of a 2Br/1Ba with separate electric meters and washer/dryer hookups. Solid brick/concrete structure. Newer roof. Newer tile. New bathrooms. Previous owner’s loss is your gain. This property needs basic cosmetic updates/cleaning ($750) & an updated AC condenser ($600).
Cost Analysis Performed as Rental Property
In:
Rent – $17,400.00

Out:
Estimated Taxes – $1,610.00
Estimated Insurance – $1,000.00
Property management (optional) – 10% $1,680.00
Misc./Maintenance/Lawn (optional) – $300.00
Total Costs – $4,590.00

Net: $12,810.00

Earn:
Total yearly equates to – $12,810.00
Total monthly equates to – $1,067.50

Price – $69,000.00
Net Cap Rate – 18.57%

Located near Fine Art district of Dunedin and near beaches in Clearwater, FL