2470 Altoona Ave North Point, FL 34286
3bd, 2ba | 1,535sqft | Built in 2018
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Initial Investment
$223,199
List Price: $219,900
Purchase Price
$219,900
Down Payment
100%
Rent
$1,700

Market rent may range from $1,615 to $1,785


Total Return
$91,467
Annualized Return
7.7%
Cap Rate
4.6%
Gross Yield
9.3%
Cash Flow
$9,884
Appreciation
4.4%
Features
Occupancy
Vacant
Guaranteed Rent
Yes
Lot Size
10,000 
HOA
None
Flood Risk
Not Required
  • New 2018 Construction!
  • 4.6% cap rate with ~$10k in year one cash flow
  • Seller to cover all closing costs

Annual Financial Highlight
Expected Rent
$19,380
Expenses
-$5,696
Property Taxes
-$3,800
Loan Payments
$0

Net Cash Flow
$9,884
Considerations
Property Characteristics    View Details


Inspection Contingency
This home will be inspected after the offer is accepted and prior to closing, during which time you can negotiate price or repairs based on the inspector’s findings or cancel the contract. If any prior inspection reports are available, you’ll find them in the Diligence Documents (Analysis tab).  If the latest inspection report is more than 4 months old, the home will be listed with an inspection contingency.
  • This property will be professionally inspected before closing.
  • You’ll have the opportunity to negotiate a lower price or repairs if any issues are identified during the inspection process.
  • Your earnest money deposit will be refunded if you cancel the transaction before the inspection contingency termination date.
  • Roofstock will let you know whether the property passes Roofstock Certification. If it fails, and you choose to carry on with the transaction, the Roofstock Guarantee will no longer apply unless issues are resolved prior to closing. 

Property Management   

Why choose?

From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.

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