Condo 1/1 with 612 SF in North Miami. Estimated repairs $10K. Strong ARV of $120,000 offers 42% equity spread. Potential 25.8% gross rent yield at $1,500/mo. Wholesaler-vetted deal from Home Venture Investments.
Deals
Hot Deal
Added 5 days ago
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12500 NE 15th Ave #512
North Miami, FL 33161 · Miami-Dade County
1 Beds
1 Baths
612 Sqft
Built 1972
Condo
Asking
$70K
Wholesaler Price
ARV
$120K
Wholesaler Estimate
Spread
$50K
58¢ on the dollar
ARV Comparison
Wholesaler ARV
$120K
58¢ on the dollar
Rocket ARV
$179K
39¢ 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
6600:COMMERCIAL,LIBERAL
Zoning
THREE HORIZONS EAST CONDO
Subdivision
Highlights
$50K spread
ARV $120K
$10K repairs
$1,500/mo rent
Sales Comps
Rocket
Subject
Comp
Rental Income
Rocket
$1,560/mo
Market Rent Estimate
$1,470
$1,650
$18,720
Annual Rent
26.8%
Gross Yield
$2.55
Rent/Sqft
$1560
Per Bedroom
Tax & Assessment
Public Records
Assessed Value
$73,350
Annual Tax
$1,526
Tax Year
2024
Effective Tax Rate
2.08%
Sale History
Public Records
Last Sold: 2018-08-24T00:00:00.000Z
$72,500
+66% appreciation ($48K) in 7 years
