711 Ponderosa Drive W, Lakeland, FL
8.82% return
LP:
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Property Description

**PROPERTY IS VACANT. CALL US FOR ACCESS.** Amazing investment opportunity. Lovely single family home. Great for a buy and hold or resale for a profit. 3/2 home with a 1 car garage. Central heat and air. City water and sewer. Property management available.

Property Information

  • Listing statusOff market
  • Property typeSingle Family
  • Total bedrooms3
  • Total bathrooms2
  • Building size1137 sq. ft.
  • Lot size0.2 acres
  • Year built1980
  • CountyPolk County
  • SubdivisionPINESTHE
  • ConstructionCBS
  • RoofShingle
  • Water sourceCity
  • Water disposalSewer
  • HeatingCentral
  • CoolingCentral air

Property Financial Summary

  • Asking price $95,000
  • Estimated rehab 1 $20,000
  • Total investment $115,000
  • Type Proforma
  • After repair value $155,000
  • Potential profit $40,000
  • Gross income (annually) $13,800
  • Operating expenses (annually) $3,654
  • Net income (annually) $10,146
  • Gross return 12.00%
  • Gross income (monthly) $1,150
  • Operating expenses (monthly) $304
  • Net income (monthly) $846
  • Net return 8.82%

Property Income & Expenses

  • Income
  • Entire property $1,150/month $13,800/year
  • Total $1,150/month $13,800/year
  • Expenses
  • Property Taxes $73/month $874/year
  • Insurance $67/month $800/year
  • Maintenance reserve $125/month $1,500/year
  • Lawn care $40/month $480/year
  • Total $304/month $3,654/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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