420 Ellerbe Way

Lakeland, FL 33801
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4 bd, 2 ba | 1,792 sqft | Built in 1976

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List Price
$155,000

Initial Investment

$49,330

Purchase Price

$155,000

Down Payment

25%

Rent

$1,602

Total Return

$98,010

Annualized Return

26.0%

Cap Rate

7.5%

Gross Yield

12.4%

Cash Flow

$2,426

Appreciation

9.9%
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Features

Occupancy

Occupied

Lease Start

06/01/2019

Lease End

05/31/2020

Property Type

Duplex

Lot Size

9,749

HOA

None

Flood Risk

Not Required

  • Owned by a Florida Land Trust that may be transferred to new owner
  • Duplex - All units are currently occupied
  • Professionally Managed by All County Polk Property Management

MARKETS

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NEIGHBORHOOD

SCHOOLS

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Annual Financial Highlights

Expected Rent

$18,263

Expenses

-$4,810

Property Taxes

-$2,600

Loan Payments

-$8,427

Net Cash Flow

$2,426

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