Downtown Oaks Apartments | 10-Unit Apartment complex near Lakefront in Winter Haven, FL. Classic Design, w/ Stained Wood Floors, French Doors to the Bedrooms & Skylight on the Second Floor. Significant Updates Completed in 2022, Including Rewiring of Main Building & New Electric Panels in Most of the Units. Property is professionally managed and 100% leased. Unit mix includes (9) one-bedroom units and (1) two-bedroom unit.
Cost Analysis Performed as Rental Property
In:
Rent - $125,040.00
Out:
(Annual) Property Taxes - $12,063.00
(Annual) Estimated Insurance - $6,877.00
(Annual) Property Management (Optional) - $6,252.00
(Annual) Estimated Utilities/Lawn/Repair/Misc. -$9,900.00
Total Costs - $35,092.00
Net: $89,948.00
Earn:
Total yearly net equates to - $89,948.00
Total monthly gross equates to - $10,420.00