Here is a well-maintained home that just needs a little TLC to make rent or flip ready. It is a 1,050 square foot single-family home consisting of 3 bedrooms and 1 bathroom sitting on a third of an acre. The home has a new Water Heater, newer HVAC, along with many other upgrades and a roof that was fully replaced in 2014.
There are front screened-in porch and a good-sized back yard with a new well. The previous tenant was paying $750 per month for a yield near 11%. The current market rate is $1050 per month, but I am playing it safe at $900 per month to produce over 13% APY. On the ‘flip’ side, you can do a bit more updating, to generate a 30% ROI. And is only 20 minutes from UF in Gainesville.