4059 Owen Avenue. 4 bdrm/1 bth Northside Jacksonville.
Acqusition price $14500; rehab $3700 Closing costs $600; Total investment $18800;
Rehabbed value in todays market: 50k
Rental market $800 a month; $9600 a year
Yr 1 Expense: $188 interest only payment(12% interest), $83 taxes; $41 insurance ttl expenses $3756 yr 1
Lets have a look at it.........
Wonderful graffiti art
2 coats of kilz on this one.
Taking off 3/8" plywood and getting 5/8 down and cement backer board and ceramic tile. Looking GOOD in the kitchen.
left a perfectly good AC compressor but took everything else....common expectation to find in REO properties.
