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

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

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