Titusville FL Rent Ready Investment Home 10.24% NET ROI

4415 Coquina Ave, Titusville, FL 32780

$132,500 After Repair Value -
$95,500 Asking Price -
$0 Cost of Repairs =
$37,000 Potential Profit

Property Details

Asking Price $95,500

After Repair Value $132,500

Costs of Repairs $0

Potential Profit $37,000

Living Area 988 ft2

Property Type Single Family House

Bedrooms 3

Bathrooms 1

Half Bathrooms 0

Parking 1

Listed with Agent No

EPI (Estimated Potential Income)

Potential Rental Income $13,800

Yearly Expenses $3,717

Property Taxes $1,563

Net Operating Income $10,083

Cap Rate 10.24%

Property Description

Off-Market, concrete block, investment home in Titsville, FL, featuring 3 bedrooms, 1 bathroom, and 988 square feet of living space. Recently, the home has been painted inside and out and new carpet has been installed in the family room and bedrooms making this home built in 1968, 99% rent ready. The home also features a 640 square foot, concrete block garage that has the potential to be turned into an additional apartment and living space. There is also enough room to park an RV or boat on the side of the home inside of a large, secure gate. Estimated monthly rent for this property as it currently stands is $1,150 / month and the rental market in Titusville is extremely strong due to a recent explosion of growth in this area of Brevard County.

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