Naples Rental Property For Sale

Naples Rental Property Forsale
Naples Rental Property For sale

Asking Price: $70,000 (includes assignment fee)

Property Details:

2 Bed / 1 Bath / 952 sqft

Monthly Rent:$800 (At this rent rate you meet the 1% rule)

2016 Property Taxes: $1,616.32

Estimated Repairs: $0

Estimated FMV: $90,000 to $100,000

Description:

The current condition is good with no needed repairs. It is a turn key property and already has long term tenants. The leases are one-year terms signed every year. Current tenant pays on time and is a good tenant. Sales prices in the area range from $80,000 to $110,000 in the neighborhood. It is good for a potential flip for quick $10,000 with no needed work, or nets approximately $7,680 per year on rental income after expenses. This is approximately a 10% ROI yearly. If you have any questions just leave me a message.

If you are further interested in this property please email me at Josh@mad-realestate.com

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