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

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 option lets the buyer specify that the home be inspected within a specific time period, during which the buyer can negotiate price or repairs based on the inspector’s findings or cancel the contract. Prior inspection reports may be available in the diligence documents. In some instances, the property has an inspection report from more than 4 months ago and needs an updated inspection.
  • The seller may be more willing to negotiate with a buyer in contract.
  • Opportunity to negotiate a lower price or repairs if any issues are discovered during the inspection process.
  • Ability to have the earnest money deposit refunded if the transaction is cancelled before the inspection contingency termination date.

Property Management   

Why choose?

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

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