This very well maintained spacious three bedroom house is located in Woodstock on the Westside of Jacksonville, just 5.6 miles from Downtown Jacksonville. The property has three large bedrooms, two bathrooms, a large detached garage and a large rear garden and comes on a 4,791 sqft lot. The property has great tenants in place who are paying $800 rent a month, the property is also under management by a great local Jacksonville property management company.
This property is very well located in Woodstock, a good area on the Westside of Jacksonville. The house is only one mile from the famous Paxon School for Advanced Studies, Paxon is now one of the top high schools in the nation according to the College Board’s Advanced Placement Report.
Purchase price: 62,000
Gross annual rental income: $9,600
Property running costs: $2,125
(Tax, insurance and management costs)
Net annual rental income: $7,475
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return on investment: 12%