Business Type: Real Estate Related / Property Management Companies (Residential)
Real Estate Related / Property Management Companies (Residential)
Investment properties 22 Single-family rental homes package for sale. Medium valued around $5.3M. Or good for an end-of-yr 1031 exchange. Clustered in nice rural North Tampa area. Each tenant is hand-picked, low maintenance, 6 to 8 years average stay. Low risk renters have to meet stringent criteria to become a tenant. 20% down plus $340K Net Income per year is equal to around 8% cap rate. $425K gross income. Owner self-insures so estimate new owner may pay $75K per year in insurance.
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