Area: Bustling suburb of Tampa FL with high rental demand
Location: Tampa FL 34668
– Beautifully remoded 3 bed 2 bath single family home for $89,000
– Move-in-ready with estimated 8.7% net returns
– Landscaped gardens and attached 2 car garage
– New kitchen with granite counters, island, appliances and cabinets
– Upgraded bathrooms, flooring, third bedroom
– Impeccable landscaping with new fence
Updates include new kitchen cabinets with GRANITE countertops and newly constructed island, brand new appliances, new tiled floors, updated and spotless master bathroom, new exterior fence and impeccable landscaping.
Ingleside Drive is available to purchase today for just $89,000 (approx. €79,000 or £61,500). With an expected market rent of $975 per month, we estimate this will deliver a gross rental return of 13% and a net rental return of 8.7%. This net rental return is calculated AFTER deductions for property tax, property management, home insurance and a 10% vacancy & maintenance reserve.
With saving deposit rates and government bonds well under 2% and a stock market more volatile than any time in the past 10 years, a return of 8%+ annually would represent terrific value for money (and that doesn´t take into account the capital appreciation that could be achieved over the medium to long term).
Here is a more detailed breakdown:
List of Renovations Completed (more than $12,000 worth)
New cabinets (upper and lower)
New island with granite counter top
New granite counter tops and back splash
New sink and faucet
Re-tiled entire bathroom and shower
New mirror and lights
New vanity and new toilet
Cut trees, added mulch, removed debris
Creation of third bedroom (walls, door, closet)