SFH 3/2 with 1,212 SF in Miami. Estimated repairs $50K. Strong ARV of $825,000 offers 33% equity spread. Potential 9.8% gross rent yield at $4,500/mo. Wholesaler-vetted deal from Home Venture Investments.
3 Beds
2 Baths
1,212 Sqft
Built 1949
SFH
7,405 Sqft Lot
Asking
$540K
Wholesaler Price
ARV
$825K
Wholesaler Estimate
Spread
$285K
65¢ on the dollar
ARV Comparison
Wholesaler ARV
$825K
65¢ on the dollar
Rocket ARV
$666K
81¢ on the dollar
Overview
Big Tickets
Roof
Not verified Impact Windows
Not verified HVAC
Not verified Water Heater
Not verified
Not verified Impact Windows
Not verified HVAC
Not verified Water Heater
Not verified
Property Details
Public Records
1
Stories
7,405 SF
Lot Size
Concrete Block
Exterior
Other
Roof Type
5700:DUPLEXES,GENERAL
Zoning
RAILWAY SHOPS ADDN 2ND AMD
Subdivision
Highlights
$275K spread
ARV $825K
$50K repairs
$4,500/mo rent
Sales Comps
Rocket
Subject
Comp
Rental Income
Rocket
$3,930/mo
Market Rent Estimate
$3,070
$4,790
$47,160
Annual Rent
8.7%
Gross Yield
$3.24
Rent/Sqft
$1310
Per Bedroom
Tax & Assessment
Public Records
Assessed Value
$84,958
Annual Tax
$3,175
Tax Year
2024
Effective Tax Rate
3.74%
Sale History
Public Records
Last Sold: 1996-11-21T00:00:00.000Z
$53,000
+1457% appreciation ($772K) in 29 years
