Polk County House & Lot

Polk County House & Lot

2 bed 1.5 bath 769 sq ft Built in 1930 Vacant land
Login or register to unlock this property’s address.
57
Occupancy Status
Low High
4 /20
Level of Rehab
Heavy Light
10/20
Location of Neighborhood
Far Close
15/20
Quality of Floor Plan
Choppy Flowing
15/20
School Rating
F A
5/10
Placement in Neighborhood
Busy Calm
8/10
Property Details

This house and lot offer a practical investment opportunity in Waverly, FL, an area driven by consistent demand for affordable housing and workforce rentals. We recommend rehabbing and flipping/renting the house while selling the vacant parcel. Or, check with the city about placing a mobile home on the lot for resale/rental. The current tenant has been renting the home for $1500/month since 2022 and is now being evicted.

A straightforward opportunity for investors looking to deploy capital into a cash-flow-focused Polk County submarket with multiple viable exit strategies.

Contact your EquityPro advisor today!

Ask about this property
Log in/Register to ask about this property.

We recommend rent
Rent Flip
Rental Income
$1,500 mo. / $18,000 yr.
Investor Price
$120,000
Closing Costs to Buy
$3,000
Rehab Projection
$25,000
Utilities
$100
Property Insurance
$1,500 / yr.
Estimated Taxes
$1,600 / yr.
Property Management
$1,800 / yr.
Maintenance
$2,500 / yr.
HOA Dues
$0 / yr.
$10,600
Projected Income
7.16%
Estimated APY
After Repair Value
$185,000
Investor Price
$120,000
Closing Costs to Buy
$3,000
Rehab Projection
$31,750
Utilities
$100
Closing Costs to Sell
$5,000
$25,150
Projected Income
15.73%
Estimated ROI

Comps

 
Listed
 
Pending
 
Sold

Unlock this property’s comps.