Key Metrics based on Seller's input

  • Gross ROI

  • Net ROI

  • Net ROI Cash

  • Net Monthly Cashflow

  • 30.64%

  • 27.40%

  • $27,348.83

  • $2,279.07

Acquisition Information

  • Price

  • Estimated Buyer's Closing Costs

  • $99,800.00

  • $2,994.00

Type: Manufactured Home

1891 ENGLEWOOD RD #90, ENGLEWOOD, Florida 34223

$99,800.00 30.64% GROSS ROI

Details

1200+SF mobile home located in 55+ Brook to Bay Cooperative, a form of land ownership in Florida with low monthly maintenance fees of $68.00; this includes lawn care, trimming and upkeep of all palm and pine trees also full use of the beautifully kept amenities which include swimming pool, park area, bocce courts, shuffleboard courts, clubhouse with library and on-site manager. Brook to Bay is minutes from beaches and historic downtown Dearborn shopping and dining area. This home has had all subflooring replaced this last year with a beautiful neutral grey colored laminate. A lovely eat in kitchen with paneled walls throughout just waiting for your choice of paint color to freshen it up! One large bedroom and bathroom with lots of built-in storage space. Three additional pantry/broom/linen closets along hall with two exits for safety. Two sheds for exterior storage. The Florida screened lanai has vinyl windows which easily slide in a stacking manner for fantastic year round use, screens were replaced in 2022. A driveway can be added to this piece of Florida paradise for additional parking but carport has been installed and waiting to cover your car from our Florida sun.

Category: Buy & Hold       Baths: 1       Beds: 1       Sq Ft: 480       Year Built: 1968       Listing Date: 2022-02-18       Private Pool: No       MLS Status: Pending       Contract Status: Inspections       Spa: No       Subdivision: BROOK TO BAY       County: Sarasota       Direction Facing: East       Furnished: Unfurnished      

Tax Legal Description: UNIT 90 BROOK TO BAY M H PARK

Owner Costs

  • HOA Fees per month

  • Annual Property Taxes

  • $68.00

  • $939.70

Rental Information

  • Estimated Monthly Market Rent

  • Realistic Vacancy Rate (%)

  • $2,625.00

  • 5

Analyze Deal

USE YOUR OWN NUMBERS TO ANALYZE:

Closing Price

Closing Costs (EST. 3%)

Expected Monthly Rent

Monthly HOA Fees

Vacancy Yearly Percentage Rate (EST. 5%)

Annual Property Taxes

Estimated Renovation

Annual Insurance

Annual Estimated Repairs

ESTIMATED NET ROI:

  • NET ROI:
    30.64%

  • NET ROI CASH:
    $27,348.83

  • NET ANNUAL ROI:
    27.40%

  • NET MONTHLY CASHFLOW:
    $2,279.07

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