$799,900 Asking Price
3 Beds
2 Baths
2,560 Sqft
Built 1940
Multifamily
Investment Analysis
Rocket
Asking Price
$800K
Wholesaler Price
Est. ARV
$699K
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Spread
$-101K
114¢ on the dollar
Rental Income
RentCast
$3,420/mo
Market Rent · Mar 2026
$2,840
$4,010
$41,040
Annual Rent
5.1%
Gross Yield
$1.34
Rent / Sqft
$1140
Per Bedroom
Property Details
3beds
2baths
2,560sqft
14,738lot sqft
1940built
TypeMultifamily
Stories1
ExteriorConcrete block
RoofOther
ConstructionConcrete
FlooringVinyl/Resilient
Lot Frontage106 ft · 14,738 sqft (0.34 acres)
Zoning5700:DUPLEXES,GENERAL
SubdivisionMELROSE HGTS 3RD SEC
Deal Highlights
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Overview

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Big Ticket Items & Permit History
Verified
Roof
Unknown
No records found
Unverified
A/C
Unknown
No records found
Unverified
Impact Windows
Unknown
No records found
Unverified
Water Heater
Unknown
No records found
Unverified
Permit History
2 closed 1 open
Single family res-clust-zero lot-townJul 2005
✓ Complete
Apartment building 3-4 unitsJun 2005
✓ Complete
Single family res-clust-zero lot-townAug 2017
✓ Complete
Building - metal awng & shutrMay 2010
⚠ Open
Show 1 more permits ▾
No Code Violations
1 Open Case
Equity, Debt & Value Allocation
Rocket
Based on Asking Price
$799,900
Loans $252,506 | LTV 31.6% Equity $547,394 | ETV 68.4%
1ST MORTGAGE
$252,506
AVAILABLE EQUITY
$547,394
Value Breakdown $706,536
Land $537,952 | 76.1% Building $168,584 | 23.9%
Assessed Value '25
$706,536
Annual Tax '25
$10,091.63
Effective Tax Rate
1.43%
Homestead
✗ No

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Quick Numbers

Asking Price$799,900
Rocket ARV$698,906
Spread$-100,994
Cents on Dollar114¢
Est. Rent$3,420/mo
Gross Yield5.1%
Annual Tax$9,666
Year Built1940
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