Additional Details

• Important Details: --> Leased until August 2023 --> Tenants paying $1290/mo (Section 8)
• Features: New deal in Ocala! This 3 bedroom, 2 bathroom home features 1,407 sqft of living space with a carport and covered back porch. Located in quiet and desirable Silver Springs Shores neighborhood. Being offered leased with tenants at $1,290/mo through August 2023 as a cash-flowing rental!
• Potential ARV: $200,000 - $230,000
• Rehab Description: For a flip or rental, this needs cosmetic updates to the kitchen, bathrooms, and some trim/fixtures. Flooring throughout is in good condition. Deep clean and apply fresh interior paint throughout. Central HVAC may need repair or replacement. Roof was replaced in 2020 and is in great condition. Pressure wash and, optionally, paint exterior. Do some landscaping to boost appeal.
• Estimated Rehab: $20,000 - $40,000
• Construction: Frame
• Ideal Investment Strategy: Rental/Resale
• Comparable Rent: $1400
• Comp 1: 32 Emerald Dr, Ocala, FL 34472 (3/2, 1452 sqft) SOLD $245k in APR (1970 build, framer, renovated, 1-car garage, 6 days on market)
• Comp 2: 5 Silver Ter, Ocala, FL 34472 (3/2, 1421 sqft) SOLD $225k in MAR (1970 build, cbs, renovated, 2-car garage)
• Comp 3: 18 Palm Rd, Ocala, FL 34472 (3/2, 1336 sqft) SOLD $199k in MAR (1979 build, framer, renovated, 1-car garage)
• Comp 4: 46 Lake Court Loop, Ocala, FL 34472 (3/2, 1744 sqft) SOLD $147k in APR (1971 build, cbs, dated, investor sale)
• Comp 5: 15 Brook Pl, Ocala, FL 34472 (3/2, 1553 sqft) SOLD $165k in MAR and renovated, back on market at $240k (1969 build, cbs, renovated, no garage)
• Hard Money: Pre-Approved by PropertyForce Funding for up to 60% LTV – See PropertyForce Funding Tab