Easy Off-Market Melbourne Cash-Flow Prince Ave. Melbourne, FL. 32901
Property Detail
Type
Single Family Home Status
Cash Flow Location
Florida
Sub Location
Melbourne
Price
$84,000
Sq. Ft.874Bedrooms3Bathrooms1ARV$110,000Rent/mo$1,150Rehab$5k - $10kGarageNonePoolNoneTaxes/yr$1,070.09Lot Size (Acres)0.14ConstructionFrameWaterfrontNoneYear1990SubdivisionCrown HeightsHOA Fees/mon/a
Property Description
This is an off-market 3 bedroom cash-flow in beautiful Melbourne.
The house is in good condition and would just need some minor repairs to get rental ready. The rehab includes inside paint, floors and bathroom work. The kitchen cabinets and appliances are dated. Replacing them would get a tenant in quicker and willing to pay a higher rate.
Rental rates for 3 bedroom houses in this area are around $1,150/month. After rehab, closing cost, taxes and insurance you are looking at over a 12% ROI.
