Todd Johnson Rental Deal

 

Todd Johnson Rental Deal

Action Property Ventures in Jacksonville, FL
Todd Johnson with Claire Johnson

On November 3rd, 2020 we closed on our 6th Rental Deal this year! Located in Jacksonville, Florida the 8337 Cocoa Ave home was built in 2020 and consists of 3 bedrooms, 2 bathrooms, and a 2-car garage with 1330 s.f. of living space. We located this opportunity with one of the FortuneBuilders partners, JWB. The property is currently rented for $1399 per month on a 3-year lease. The analysis of the property yielded the following metrics: $258 Monthly Cash Flow 7.8% ROI 6.1% Cap Rate.

Rental Details

Property City: Jacksonville
Purchase Price: $198,000

* These examples depicting income or earnings are NOT to be interpreted as common, typical, expected, or normal for an average student. Although we have numerous documented successful deals from our coaching students, we cannot track all of our students’ results, and therefore cannot provide a typical result. You should assume that the average person makes little to no money or could lose money as there is work and risk associated with investing in real estate. The students depicted have participated in advanced FortuneBuilders’ training and coaching. The participants shown are not paid for their stories; however, some of the students depicted may also be a FortuneBuilders' coach, and our coaches are compensated for their services. We believe in full transparency, so please read our Earnings and Income Disclaimers and Terms of Use.



Case Study

How did the FortuneBuilders team and resources help you to accomplish this deal?

We secured this property working “side by side” with Danika Aviano and the Passive Income Team. The team has been awesome to work with!