Another Eye Catching Lakeland FL 33805

  • House
    1670 ft2
    bedroom 3 Bedrooms
    bathroom 2 Baths
  • Flip/Rental
    $103,900
    Status : Sold
    Year Built : 2002
 Description
Property Overview:  Here’s the opportunity to own the CHEAPEST 4 Bedroom SFH available in the entire Lakeland 33805 zip code by purchase price, and 4th CHEAPEST by Lp Sqft. This well maintained home simply needs a light rehab to place tenants at market rent, to begin cash flowing at a gross 13% ROI. There is just over 30k in equity on this property leaving plenty of room for a future flip, after leasing the property for a year.

Property Features include;  Just under a Quarter Acre lot, Architectural shingle roof, Carpet throughout the home & Tile in the kitchen, well maintained bathrooms, In tact Ac & Air Handler, 2 screened in enclosed porches, storage shed in the rear, 1 car carport, washer & dryer. Only minutes from Downtown Lakeland, and all Major Toll Roads. Call or email your Stonebridge agent for more details. This property is certain to sell quickly
 Rehab Work Needed
  • Floor
  • Kitchen
  • Paint Exterior
  • Paint Interior
 General Amenities
 Distance

 Summary

Overview
Another Eye Catching Lakeland FL 33805 Sold
$103,900
Property ID: 5b99121af3a5e
Address: Login to View
City: Lakeland
State/Province: FL
Zip Code: 33805
Country: USA


Rental Analysis

+ Purchase Price: $103,900
+ Purchase Closing Cost: $0
+ Rehab Cost: $10,000
Total Acquisition Cost: $113,900


Monthly Rent: $1,300
+ Annual Potential Rent: $15,600
- Vacancy (10%): $1,560
Annual Gross Income: $14,040
Annual Gross ROI: 12.33%


Flip Analysis

+ Purchase Price: $103,900
+ Purchase Closing Cost: $3,117
+ Rehab Cost: $15,000
Total Acquisition Cost: $122,017


Total Flip Cost: $122,017
Projected ARV: $155,000
Net Income (Profit): $32,983
CAP Rate: 27.03%

 Message

5 X 9 = ?