St. Petersburg Handyman Special: $40K Discount, Cash Flow
July 3rd, 2009We have analyzed this deal to see how this particular single family home in St. Petersburg would be as a rental property. These deals can be submitted by a variety of people like real estate wholesalers, investor focused real estate agents and brokers and our researchers. To submit deals, you can login (or register a new account) using our submit a real estate deal interface.
Please use the information below as a starting point for your analysis, but because data used below is submitted to us, it should all be independently verified with the help of a competent team of professionals.
Where is this property?
It is located in St. Petersburg, FL. The property address is kept private to preserve the deals for our real estate investor visitors. Request additional information on Deal #6193. This particular property was submitted to the Tampa Bay Real Estate Resources Website featuring real estate investor articles and local deals.
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How did we find this property?
We found this property from one of our real estate investor friendly agents/brokers or one of the real estate investor wholesalers we know in the St. Petersburg area.
If you would like more information about this deal, please request info about real estate Deal #6193.
Notes:
The following was left as notes by the person that submitted the deal to us:
This home is delivered fully renovated with a section 8 tenant placed by management company. Professional management is free for the first year and 10% of rents after that. Management company will cover mortgage payment until a renter is placed, up to six months though two months has been the longest.
This program is set up for out of state investors!
Property Details
- Bedrooms: 4
- Baths: 2.00
- Square Footage: 1,350 (see square footage estimates for info)
- All information is deemed reliable, but is pulled from tax records, a real estate agent or real estate broker, zillow, a researcher or the seller.
Income
- Gross Rent: $1,200/month (see Rent Estimates for more info)
- 4.00% Vacancy Adjustment: $48/month (see Vacancy Estimates for more info)
- Net Rent: $1,152/month
- NOTE: These numbers are for traditional rental income and NOT a rent-to-own. Rent-to-own analysis follows below.
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