507 S Brooks Ave

CASH FLOWING ($1237/mo) | 26.31% CoC Return | SUBTO (2% Rate) in DeLand, FL

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$42,500 + CC + TC

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Property Details

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•    Address: 507 S Brooks Ave., Deland FL

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•    4 Bed / 2 Baths / 1970 sq ft / Carport / Built: 1957 / Block Home / 0.24 acre / NO HOA

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•    Owner-occupied Delivered Vacant

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Finances

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•    Loan Balance (SubTo): $154k ($62K @ 2% / $92k interest free on the back end - partial claim) & only 13 years left on loan

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•    Current PITI: $590

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•    Market Rent: $2100-2300

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•    ARV: +$310,000

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•    $10K to get it rent ready

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•    I have a subcontractor potential-tenant interested in renting for $2k/mo I can recommend and willing to do rehab for buyer (owns a small business doing interior work). He's walked the property w/ me.

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26% CoC Return after all in + rehab -> Included in calculation below. Buyers do your own due diligence on numbers, etc.

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COE: Sept. 23rd (*$4,000 Non-Refundable EMD*)

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