N. Carolina Ave., Cocoa, FL 32922

REDUCED!

Price WAS: $84,000

New Price: $79,000

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This 3 bedroom 2 bath block house is in overall good condition and offers 1,157 SF of living space. The roof and A/C appear to be in good condition, a good cleaning is all you would need to do to get this property rent ready at $1,100-$1,200/mo. Taxes were only $904 for 2017, with insurance your operating at a cap rate close to 14%. 

For a quick flip, some paint, baseboards and minor work in the bathrooms and kitchen is all you would need to do to flip this to an end buyer. You could  probably get away with between $5k-$10k in repairs to turn this around. See comps below for both options.

Broadmoor Acres Subd

Est. Rehab: $5,000 – $10,000

Rental Comps:

• 1044 Avon Pl – 3/2 – 1,056 sqft – Clean, somewhat updated – Rented $1,200
• 411 Prospect Ave – 3/1.5 – 1,100 sqft – Clean, dated – Rented $1,150
• 1102 Highland Dr – 3/1.5 – 984 sqft – Clean, updated with pool – Rented $1,200

Recent Area Sales / Activity:

• 1103 W Highland Dr. – 4/2 – 1,134 sqft – Clean, updated – SOLD $127k – 12 DOM
• 1058 Olive St – 3/2 – 1,015 sqft – Clean, dated – PENDING $105k – 49 DOM
• 416 Thomas Ave – 3/1 – 960 sqft – Clean, dated – PENDING $99k – 2 DOM