3216 Duane Ave needs a $10,000 rehab to make it rental ready. Garden City market rents for single family homes are between $750-$800 a month.
Total purchase price including rehab costs: $36,000
Net Operating Income NOI (yearly rental income – 20% misc. expenses): $7,440
Cap Rate: 20.67% (and these are conservative numbers)
Jacksonville has a rapidly expanding real estate market. At Flynn Homes, we are a frontrunner in building rental portfolios as well as providing aggressively-priced, high performing rental properties to our investors.
What Better Time than Now to Start Investing
Investing in rental properties provides a solid return on a modest investment. How many of these houses would you need to have in your portfolio before it surpassed your current income? Contact Flynn Homes today if you have any questions about our properties for sale or would like to get started investing with us.
As always, we buy properties in As-Is condition and do it faster than anybody else in town. We have the cash to close quickly and are able to close at your convenience because we fund everything with our own money rather than obtain loans. Our mission is to simplify real estate transactions for our sellers and broaden the scope of real estate knowledge in Northeast Florida.