1031 29th Street NW, Winter Haven, FL
12.66% return
LP:
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Property Description

Handyman special! Market rent is $900/month. Cute little house. City water and sewer. Great addition to a rental portfolio. Clear title, ready to close. Currently vacant.

Property Information

  • Listing statusPending
  • Property typeSingle Family
  • Total bedrooms3
  • Total bathrooms1
  • Building size854 sq. ft.
  • Lot size0.2 acres
  • Year built1955
  • CountyPolk County
  • SubdivisionROSEWOOD MANOR
  • ConstructionCBS
  • RoofShingle
  • Water sourceCity
  • Water disposalSewer
  • HeatingCentral
  • CoolingCentral air

Property Financial Summary

  • Asking price $64,900
  • Estimated rehab 1 $8,000
  • Total investment $72,900
  • Type Proforma
  • Gross income (annually) $11,400
  • Operating expenses (annually) $2,174
  • Net income (annually) $9,226
  • Gross return 15.64%
  • Gross income (monthly) $950
  • Operating expenses (monthly) $181
  • Net income (monthly) $769
  • Net return 12.66%

Property Income & Expenses

  • Income
  • Entire property $950/month $11,400/year
  • Total $950/month $11,400/year
  • Expenses
  • Insurance $67/month $800/year
  • Property Taxes $31/month $374/year
  • Maintenance reserve $83/month $1,000/year
  • Total $181/month $2,174/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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