SFH 2/1 with 1,451 SF in North Miami. Estimated repairs $75K. Strong ARV of $675,000 offers 36% equity spread. Potential 11.2% gross rent yield at $4,000/mo. Wholesaler-vetted deal from Home Venture Investments.
2 Beds
1 Baths
1,451 Sqft
Built 1949
SFH
7,841 Sqft Lot
Asking
$390K
Wholesaler Price
ARV
$675K
Wholesaler Estimate
Spread
$285K
58¢ on the dollar
ARV Comparison
Wholesaler ARV
$675K
58¢ on the dollar
Rocket ARV
$518K
75¢ 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
7,841 SF
Lot Size
Concrete Block
Exterior
Other
Roof Type
0400:SGL FAM,901-1200 SQ
Zoning
MAYETT ESTS
Subdivision
Highlights
$245K spread
ARV $675K
$75K repairs
$4,000/mo rent
Sales Comps
Rocket
Subject
Comp
Rental Income
Rocket
$2,800/mo
Market Rent Estimate
$2,390
$3,200
$33,600
Annual Rent
8.6%
Gross Yield
$1.93
Rent/Sqft
$1400
Per Bedroom
Tax & Assessment
Public Records
Assessed Value
$360,796
Annual Tax
$6,680
Tax Year
2024
Effective Tax Rate
1.85%
Sale History
Public Records
Last Sold: 2015-10-26T00:00:00.000Z
$128,100
+427% appreciation ($547K) in 10 years
