Low Cost Lakeland Rental

Low Cost Lakeland Rental

2 bed 1 bath 572 sq ft Built in 1955 Single Family
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68
Occupancy Status
Low High
16 /20
Level of Rehab
Heavy Light
14/20
Location of Neighborhood
Far Close
14/20
Quality of Floor Plan
Choppy Flowing
14/20
School Rating
F A
3/10
Placement in Neighborhood
Busy Calm
7/10
Property Details

Located just outside of downtown Lakeland, is this 2 bedroom 1 bathroom turnkey rental.  The home has a tenant inplace at $1000 a month giving the new owner the opportunity to pick this cash flowing asset up at a discount.  We also have some strong sales in the area showing a modest ARV of $150,000 and easy to achieve with a light modest rehab. 

Whether you decide to hold as a rental or flip it, homes at this price in this condition are hard to find.  Call your EquityPro Advisor today to secure this opportunity.

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We recommend rent
Rent Flip
Rental Income
$1,000 mo. / $12,000 yr.
Investor Price
$79,900
Closing Costs to Buy
$3,000
Rehab Projection
$5,000
Utilities
$500
Property Insurance
$1,000 / yr.
Estimated Taxes
$1,300 / yr.
Property Management
$1,200 / yr.
Maintenance
$500 / yr.
HOA Dues
$0 / yr.
$8,000
Projected Income
9.05%
Estimated APY
After Repair Value
$150,000
Investor Price
$79,900
Closing Costs to Buy
$3,000
Rehab Projection
$20,000
Utilities
$500
Closing Costs to Sell
$6,750
$39,850
Projected Income
36.18%
Estimated ROI

Comps

 
Listed
 
Pending
 
Sold

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