2 Houses 1 Lot – Sanford Cash-Flow W 13th Place Sanford, FL. 32771
This is an amazing buy & hold cash-flow opportunity in Sanford. This deal includes two single family homes on one lot that when fully rented would bring in a total monthly income of $4,400/Month ($52,800/Year).
The first house is a fully renovated 2/1 being rented at $800/Month. The tenant is on a yearly lease that expires in October 2020.
The second house has 6 private bedrooms, 2 shared full baths and 2 private half baths. One of the bedrooms is vacant right now (which normally rents for $550/month). The other 5 bedrooms are currently rented out to separate tenants for a total of $3,050/Month. When all the bedrooms are rented, this single family house brings in a total monthly income of $3,600/Month (Four tenants at $550/month, One tenant at $650/month and the other tenant at $750/month, respectively). After taxes and insurance this has the potential to bring in nearly a 20% ROI.
Both homes had the roof replaced 3 years ago. This highly desirable rental area combined with rising rental rates, amazing ROI, low taxes and no HOA fees makes this a lucrative investment opportunity.