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$315,000

Sold
4145 Willow Oak Rd, Mulberry, FL 33860
3 Beds
2 Baths
1,448 Square Feet
0.96 Acres Lot
Built in 1968
Sold
1 Units
Checked: 16 hours ago
Updated: Jul 03, 2025 at 02:19AM

Investment Summary


Monthly Cash Flow
-$258
Cap Rate
5.2%
Cash-on-Cash Return
-4.3%
Debt Coverage Ratio
0.84
Internal Rate of Return (5 years)
-0.1%

Property Description


0.96 Acres Lot
Built in 1968
Sold
1 Units

Welcome to HomeAcres! .96acres ~ 3/2 ~ 3 car carport~ Fully Fenced yard. This beautifully maintained home is in the heart of Mulberry. The home features two additional enclosed porches to give the home plenty of space to host large parties. Additionally, a huge back-porch for hosting summer BBQ's. The home is on a private well and septic, requiring no water or waste bills. No CDD/HOA! Come check it out today!

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Location


Property Details


Parking

  • Description: Carport
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 3
  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Wood
  • Foundation: Slab
  • Roof Type: Gable
  • Roof Material: Metal

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 232928000000044120
  • Lot Size: 41739 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 1968

Tax Information

  • Annual Tax: $1,946

Utilities

  • Water & Sewer: Well
  • Heating: Central
  • Cooling: Central Air

Location

  • County: Polk

Listing Details


Listed by:
Keyur Patel
DRAGONFLY PARTNERS INC
(863) 604-0584

Source:
Stellar MLS
MLS#: T3406907
Stellar MLS

Investment Summary


Monthly Cash Flow
-$258
Cap Rate
5.2%
Cash-on-Cash Return
-4.3%
Debt Coverage Ratio
0.84
Internal Rate of Return (5 years)
-0.1%

Purchase Details

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Purchase price:
$315,000
Amount financed:
-$252,000
Down payment:
$63,000
Closing costs:
$9,450
Rehab costs:
$0
Initial cash invested:
$72,450
Square feet:
1,448
Cost per square foot:
$218
Monthly rent per square foot:
$1.52

Financing Details

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Loan amount:
$252,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$1,614
Property tax:
$162
Insurance:
$154
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,930

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,200 $26,400
Vacancy loss: (6%)
6% -$132 -$1,584
Operating income:
$2,068 $24,816

Operating Expenses


% Rent Monthly Yearly
Property taxes: (7%)
7%-$162-$1,946
Insurance: (7%)
7%-$154-$1,848
Property management: (8%)
8%-$176-$2,112
Repairs & maintenance: (5%)
5%-$110-$1,320
Capital expenditures: (5%)
5%-$110-$1,320
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (32%)
32%-$712-$8,546

Cash Flow


Monthly Yearly
Net operating income:
$1,356 $16,272
Mortgage payments:
-$1,614 -$19,368
Cash flow:
$258 $3,096