1161 DROP LN (MLS: O6345315) For Sale

1161 DROP LN, (Polk), Davenport Florida 33896

Currently Rented at $1,850.00 / month

Area: 1822

Property Info

  • MLS O6345315
  • Unit No -
  • Bedrooms 3
  • Bathrooms 2
  • Area (sqft) 1822
  • Living Area (sqft) 1388
  • Foundation Other
  • Min Lease Other
  • HOA Fees $383.00

Interior Features

  • Open Floorplan
  • Other
  • Thermostat
  • Walk-In Closet(s)

Buy Price

$
$280,000.00

Rental Price

$
$1,850.00
  • Cap Rate
  • 4.2%
  • Gross Yield
  • 7.9%
  • Lease End Date
  • May 31, 2026

  • Rent Amount
  • $1,850.00

Cash Flow

Cap Rate4.2 Gross Yield7.9% Annual Rent$22,200.00 Property Taxes$5,761.00 Operating Expenses0
Year 1 Year 5 Year 10
Expected Rent $22,200.00 $1,850.00 / mo $111,000.00 $1,850.00 / mo $222,000.00 $1,850.00 / mo
Estimated Expenses $5,761.00 $28,805.00 $57,610.00
Net Cash Flow $16,439.00 $82,195.00 $164,390.00
HOA Fees $4,596.00 $22,980.00 $45,960.00