Calling all Investors with cash looking to earn over 10% per year.
Now is the time to put your cash to work for you, earn over 10% return just based on rental Income
- 10% return on Investment based on rent only
- No Appreciation calculated
- Investment of $34,000
Unit is a one bedroom 1 bath Listed for $34,900.00 build in 1984 and Converted and sold in 2004 $67,900.00
- Rental $650.00 per month
- Located in St. Augustine at CR312 and Old Moultrie (across from Cobblestone St Augustine )
- HOA $125.00 per month - Includes Insurance for buildings
- Taxes on Based on Current Market value
- Taxable Value
$38,500.00 About $65 a month
- Content Insurance about $400 a year
Total Monthly expenses HOA 125 + Tax 65 + additional Insurance 35 = $225.00 per month (this is just an estimate your cost maybe higher or lower)
Rental @ $650 per month 650 - 225 = 425 per month time 12 = $5100 a year which equates to 14.5% ROI , WOW this is like your own Credit Card with out the risk.
Now , I have many of these deals in Saint Augustine and Jacksonville Southside near North Florida University and Beach Area