Off-Market Lakeland Cash Flow – 16% ROI Crutchfield Rd. Lakeland, FL. 33805
Property Detail
Type
Single Family Home, **SOLD** Status
Cash Flow, **SOLD** Location
Florida
Sub Location
Lakeland
Price
$57,500
Sq. Ft.736Bedrooms2Bathrooms1ARV$100,000+/-Rent/mo$500 - $1,100RehabLightGarageDetatchedPoolNoneTaxes/yr$996.92Lot Size (Acres)0.4115ConstructionFrameWaterfrontNoneYear1950SubdivisionWinston Heights
Property Description
This is an off-market 736 SQFT 2/1 cash-flow in Lakeland. You are right near Lone Palm Golf Club, Lakeland Ice Arena and has easy access to I4.
Property is currently rented for $500/month with a lease that expires 12/1/2020. They are paying well under market rent which is in the $1,000 – $1,100 range. After taxes and insurance, if you can get $1,100/month after a standard rental rehab you will be getting a 16% ROI.
The house is in decent condition with an open floor plan. It makes a great cash-flow due to the extremely low purchase price and the surprisingly high rent. This is a great opportunity add a solid rental to your portfolio.
