35 Banneker Lane, Frostproof, FL
12.56% return
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Property Description

**10K SPECIAL!** Buy this property with $10,000 down, everyone is approved! This 3/1 Single Family home has potential for great return on investment. It is located in a good neighborhood. CBS Construction. Interior is in excellent condition. Priced to Sell…Will not Last! Can rent for $800-850 a month. Tons of rental demand in the area.

Property Information

  • Listing statusActive
  • Property typeSingle Family
  • Total bedrooms3
  • Total bathrooms1
  • Building size1140 sq. ft.
  • Lot size0.2 acres
  • Year built1972
  • CountyPolk County
  • Subdivision
  • ConstructionCBS
  • RoofShingle
  • Water sourceCity
  • Water disposalSeptic
  • HeatingCentral
  • CoolingCentral air

Property Financial Summary

  • Asking price $59,500
  • Estimated rehab 1 $0
  • Total investment $59,500
  • Type Proforma
  • Gross income (annually) $10,200
  • Operating expenses (annually) $2,726
  • Net income (annually) $7,474
  • Gross return 17.14%
  • Gross income (monthly) $850
  • Operating expenses (monthly) $227
  • Net income (monthly) $623
  • Net return 12.56%

Property Income & Expenses

  • Income
  • Entire property $850/month
  • Total $850/month
  • Expenses
  • Property Taxes $61/month
  • Insurance $83/month
  • Maintenance reserve $83/month
  • Total $227/month

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 the 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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