1201 Homosassa Court, Longwood, FL, USA
Location data pendingBelow Average
32/100This deal is below average. Watch that the price sits above market monthly cash flow is negative.
- Strong neighborhood (75/100)
- Priced 161% above market
- $997/mo negative cash flow
- Cap rate only 2.84%
- No equity after repairs
Price vs. Market
ARV Assessment
Based on 4 recent sales within 0.5 miles, comparable multi-family homes of similar size traded between $241k and $316k. The subject's 2,009 sqft and 4bd/3ba layout supports a midpoint estimate of $280k.
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Property presents in moderate condition. Estimated rehab of $12k covers kitchen, baths, and systems.
Sales-comparison approach weighted by recency, proximity, and price-per-sqft, adjusted for condition and lot. Confidence: high.
Rental Income
The Birmingham rental market shows strong demand. Median area rent is $940/mo with a 8% vacancy rate.
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Comparable 4bd units nearby rent for $2,470–$2,960. At $2,690/mo the gross yield is 5.16% of the purchase price.
Rent estimated from active and leased comps adjusted for size, condition, and submarket trends.
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