516 MADISON DR (MLS: O6296517) For Sale

516 MADISON DR, (Polk), Davenport Florida 33837

Currently Rented at $2,000.00 / month

Area: -

Property Info

  • MLS O6296517
  • Unit No -
  • Bedrooms 3
  • Bathrooms 3
  • Area (sqft) -
  • Living Area (sqft) 1480
  • Foundation Slab
  • Min Lease Slab
  • HOA Fees $234.44

Interior Features

  • Eat-in Kitchen
  • Kitchen/Family Room Combo
  • Living Room/Dining Room Combo

Buy Price

$
$290,000.00

Rental Price

$
$2,000.00
  • Cap Rate
  • 6%
  • Gross Yield
  • 8.3%
  • Lease End Date
  • June 30, 2026

  • Rent Amount
  • $2,000.00

Cash Flow

Cap Rate6.0 Gross Yield8.3% Annual Rent$24,000.00 Property Taxes$3,712.96 Operating Expenses0
Year 1 Year 5 Year 10
Expected Rent $24,000.00 $2,000.00 / mo $120,000.00 $2,000.00 / mo $240,000.00 $2,000.00 / mo
Estimated Expenses $3,712.96 $18,564.80 $37,129.60
Net Cash Flow $20,287.04 $101,435.20 $202,870.40
HOA Fees $2,813.28 $14,066.40 $28,132.80