718 TERRACE RIDGE CIR #718 (MLS: O6262189) For Sale

718 TERRACE RIDGE CIR #718, (Polk), Davenport Florida 33896

Currently Rented at $1,900.00 / month

Area: -

Property Info

  • MLS O6262189
  • Unit No 718
  • Bedrooms 3
  • Bathrooms 2
  • Area (sqft) -
  • Living Area (sqft) 1542
  • Foundation Slab
  • Min Lease Slab
  • HOA Fees $672.00

Interior Features

  • Ceiling Fans(s)
  • Elevator
  • High Ceilings
  • Kitchen/Family Room Combo
  • Living Room/Dining Room Combo
  • Open Floorplan
  • Solid Surface Counters
  • Thermostat
  • Walk-In Closet(s)
  • Window Treatments

Buy Price

$
$265,000.00

Rental Price

$
$1,900.00
  • Cap Rate
  • 4.6%
  • Gross Yield
  • 8.6%
  • Lease End Date
  • July 30, 2025

  • Rent Amount
  • $1,900.00

Cash Flow

Cap Rate4.6 Gross Yield8.6% Annual Rent$22,800.00 Property Taxes$2,538.00 Operating Expenses0
Year 1 Year 5 Year 10
Expected Rent $22,800.00 $1,900.00 / mo $114,000.00 $1,900.00 / mo $228,000.00 $1,900.00 / mo
Estimated Expenses $2,538.00 $12,690.00 $25,380.00
Net Cash Flow $20,262.00 $101,310.00 $202,620.00
HOA Fees $8,064.00 $40,320.00 $80,640.00