972 Lincoln Street, Babson Park, FL
11.19% return
LP:
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Property Description

Awesome single family rental. Great condition, minor work is needed. Tons of appreciation potential. Perfect for students. Solid structure. Located in one of the fastest growing counties in the state. Minutes from Webber International University, a private institution of higher learning. Easily rents for $950+ a month and will generate a 10%+ net return on investment. Purchase this in a package with a duplex on the same street.

Property Information

  • Listing statusActive
  • Property typeSingle Family
  • Total bedrooms2
  • Total bathrooms1
  • Building size792 sq. ft.
  • Lot size0.1 acres
  • Year built1960
  • CountyPolk County
  • SubdivisionBRIGGS SURVEY
  • ConstructionCBS
  • Roof
  • Water sourceCity
  • Water disposalSewer
  • HeatingCentral
  • CoolingCentral

Property Financial Summary

  • Asking price $75,000
  • Estimated rehab 1 $3,000
  • Total investment $78,000
  • Type Proforma
  • Gross income (annually) $11,400
  • Operating expenses (annually) $2,675
  • Net income (annually) $8,725
  • Gross return 14.62%
  • Gross income (monthly) $950
  • Operating expenses (monthly) $223
  • Net income (monthly) $727
  • Net return 11.19%

Property Income & Expenses

  • Income
  • Entire property $950/month $11,400/year
  • Total $950/month $11,400/year
  • Expenses
  • Property Taxes $65/month $775/year
  • Insurance $75/month $900/year
  • Maintenance reserve $83/month $1,000/year
  • Total $223/month $2,675/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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