This large two bedroom house is located on a quite street in Grand Park, just 3.6 miles from Downtown Jacksonville. The property has been updated throughout including new paint, new flooring and an updated kitchen and bathroom. The management company already have a new tenant ready to move in, they will be placed in the property in the next 10 days. This property is very well located and is under management by a great local Jacksonville property management company.
This property is ideally located in Grand Park a great family area in the mid Westside of Jacksonville and is only 3.6 miles from Downtown Jacksonville, it is also just two miles from Edward Waters College, one of the best colleges in Jacksonville.
Purchase price: 59,900
Gross annual rental income: $9,000
Property running costs: $1,766
(Tax, insurance and management costs)
Net annual rental income: $7,234
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return on investment: 12%