507 S Brooks Ave, DeLand, FL 32720, USA

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

<br>

$42,500 + CC + TC

<br>

Property Details

<br>

•    Address: 507 S Brooks Ave., Deland FL

<br>

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

<br>

•    Owner-occupied Delivered Vacant

<br>

Finances

<br>

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

<br>

•    Current PITI: $590

<br>

•    Market Rent: $2100-2300

<br>

•    ARV: +$310,000

<br>

•    $10K to get it rent ready

<br>

•    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.

<br>

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

<br>

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

OfferMarket listings are strictly for POF-verified end investor buyers (rental investors, fix and flip investors). Get instant quote and pre-approval