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West Palm Beach, FL 33404
$39,000
Address:
1488 W 31 ST
West Palm Beach, FL 33404
Property Type: Single Family Home
Beds: 3
Baths: 2
Square Feet: 1,400 sqft
Age:
Lot Size:
Complex:
Association Fee:
Association Includes:
Estimated Taxes:
Tenant Status: Occupied
Investment Strategy: Buy and Hold - Create Passive Income/Build Net Worth
Estimated Rental Rates: $1,300
Estimated Monthly Cashflow: $500
Currently rented to a section 8 tenant. The rent is $1,300 per month. $1,100 is the government’s voucher and $200 is the tenants’ share. The tenant has been living in the property for over 5 years and has no plans to move out. He is a handyman and keeps the property very well maintained.
The property cash flow over $500 per month.
The property is located 5 minutes away from I-95 and 10 minutes away from the beach. There are a lot of developments being built around the property, so the value will increase soon.
The above information is provided as a good faith estimate by Investment Heroes based upon it's understanding of the market conditions existing in the area. These estimates are based on past performance averages and other information available from third parties that is assumed to be accurate at the time of this publication. This entire sheet is for informational purposes only and is not intended to be an offer or the basis for any legal contract whatsoever. Information is deemed reliable but not guaranteed.
Buyer to verify all information. Due to the nature of investment property, the variables may change. Some of the variables may include interest rates, expenses, rental rates, tenant quality and availability, and market tolerance. It is up to each individual investor to do their own due diligence on all subject matter relating to real estate investing and the above mentioned property.