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.
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!