Property Updated on Wednesday, November 17, 2021 by Lior Lustig
Hello to all investors,
The following is a property that is part of a combination of 3 properties sold together in Jacksonville
Three new and leased properties
The total cost of the asset aggregate:
525,000 dollars
Potential for rent increase and increase in value:
There is also a high potential for raising the rent since one property is rented for $ 1,450 and also for increasing the value according to the sale prices of similar houses in the area.
Average price per property:
Only $ 175,000, reflecting a 9 percent return
Comparative sales:
A similar house built by our contractor, sold for $ 222,000.
Zillow valuation of a sample property:
200,900 dollars
Existing expenses for the property:
Note the advantage of new construction - maintenance costs are extremely low because home systems are new
Also tenants stay in the house longer, because they want to enjoy a new house, which leads to a smaller turnover of tenants
To read about For more benefits of new construction in Florida, click here
Home plan:
Sample property photos: