941 Lincoln Street, Babson Park, FL
11.80% return
LP:
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Property Description

Awesome duplex rental property. Decent condition, needs some TLC. Tons of appreciation potential. Currently rented at $650 per unit. Solid structure. Located in one of the fastest growing counties in the state. Minutes from Webber International University, a private institution of higher learning. 14% net return on investment. Very inexpensive property to own and maintain. Purchase this in a package with a single family on the same street.

Property Information

  • Listing statusActive
  • Property typeMulti Family
  • Total units2
  • Total bedrooms4
  • Total bathrooms2
  • Building size1524 sq. ft.
  • Lot size0.3 acres
  • Year built1971
  • CountyPolk County
  • SubdivisionLINDUS PARK
  • ConstructionCBS
  • RoofSHINGLE
  • Water sourceCity
  • Water disposalSewer
  • HeatingWindow Unit
  • CoolingWindow A/C

Property Financial Summary

  • Asking price $99,000
  • Estimated rehab 1 $0
  • Total investment $99,000
  • Type Proforma
  • Gross income (annually) $15,600
  • Operating expenses (annually) $3,916
  • Net income (annually) $11,684
  • Gross return 15.76%
  • Gross income (monthly) $1,300
  • Operating expenses (monthly) $326
  • Net income (monthly) $974
  • Net return 11.80%

Property Income & Expenses

  • Income
  • Unit 1: 2 bed / 1 bath $650/month $7,800/year
  • Unit 2: 2 bed / 1 bath $650/month $7,800/year
  • Total $1,300/month $15,600/year
  • Expenses
  • Property Taxes $30/month $356/year
  • Insurance $100/month $1,200/year
  • Maintenance reserve $167/month $2,000/year
  • Lawn care $30/month $360/year
  • Total $326/month $3,916/year

Property Questions & Answers

Q: How do I make an offer on this property?
A: Placing an offer is a simple process. All offers must be presented in writing with an escrow deposit of 10% or $5,000, whichever is larger. Escrow has to be sent to the attorney or title company who is handling the file for this property. Please send us an inquiry and one of our team members will get in touch with you to further assist you. You can also give us a call.

Q: Does this property come with clear title?
A: All our properties come with clear title. We highly recommend you purchase title insurance as well.

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