6342 SW 1ST ST. Margate FL 33068

EUR160,950
Property type: Single Family Home
Area (Sq Ft)
1012
Bedrooms
3
Bathrooms
2

Description

Property was rented after being remodeled. An appraisal was done to it a and a cash out refinance was obtain for 75% loan to value with a $180,000 appraised value as of 2017 Currently the property continues to be rented thru a tenant in the Section 8 program collecting a great return for our investors while at the same time allowing us to recover the money invested to re invest in future deals

Purchase price Renovation Cost Time Gross Profit
$65,000.00 $60,000.00 3 months 20%+ annually

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