120 TERRACE RIDGE CIR #120 (MLS: O6310078) For Sale

120 TERRACE RIDGE CIR #120, (Polk), Davenport Florida 33896

Currently Rented at $1,550.00 / month

Area: 1341

Property Info

  • MLS O6310078
  • Unit No 120
  • Bedrooms 2
  • Bathrooms 2
  • Area (sqft) 1341
  • Living Area (sqft) 1261
  • Foundation Slab
  • Min Lease Slab
  • HOA Fees $551.92

Interior Features

  • Ceiling Fans(s)

Buy Price

$
$205,000.00

Rental Price

$
$1,550.00
  • Cap Rate
  • 4.5%
  • Gross Yield
  • 9.1%
  • Lease End Date
  • November 30, 2026
  • Rent Amount

  • $1,550.00

Cash Flow

Cap Rate4.5 Gross Yield9.1% Annual Rent$18,600.00 Property Taxes$2,753.00 Operating Expenses0
Year 1 Year 5 Year 10
Expected Rent $18,600.00 $1,550.00 / mo $93,000.00 $1,550.00 / mo $186,000.00 $1,550.00 / mo
Estimated Expenses $2,753.00 $13,765.00 $27,530.00
Net Cash Flow $15,847.00 $79,235.00 $158,470.00
HOA Fees $6,623.04 $33,115.20 $66,230.40

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