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$145,000

For Sale - Active
592 N 8th St, Eagle Lake, FL 33839
2 Beds
1 Bath
792 Square Feet
0.08 Acres Lot
Built in 1940
For Sale - Active
1 Units
Checked: 22 hours ago
Updated: May 30, 2025 at 10:56PM

Investment Summary


Monthly Cash Flow
$156
Cap Rate
7.4%
Cash-on-Cash Return
5.6%
Debt Coverage Ratio
1.21
Internal Rate of Return (5 years)
9.5%

Property Description


0.08 Acres Lot
Built in 1940
For Sale - Active
1 Units

Well maintained income producing property. NEWER A/C NEWER WATER HEATER. Currently Leased - Tenant pays $1500 / deposit $1500 Lease end date 12/01/2025

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Location


Property Details


Parking

  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

  • # of Baths (Full): 1
  • # of Baths (Total): 1.0

Interior Features

  • # of Rooms: 3
  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Siding (Alum/Vinyl)
  • Foundation: Other
  • Roof Type: Gable
  • Roof Material: Shingle

Land Information

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

Lot Information

  • Parcel ID: 262907678500005162
  • Lot Size: 3484 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 1940

Tax Information

  • Annual Tax: $1,632

Utilities

  • Water & Sewer: Public
  • Heating: Other
  • Cooling: Other

Location

  • County: Polk

Listing Details


Listed by:
Tasha Blomenkamp
COLDWELL BANKER RESIDENTIAL RE
(407) 403-3316

Source:
Stellar MLS
MLS#: O6285882
Stellar MLS

Investment Summary


Monthly Cash Flow
$156
Cap Rate
7.4%
Cash-on-Cash Return
5.6%
Debt Coverage Ratio
1.21
Internal Rate of Return (5 years)
9.5%

Purchase Details

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Purchase price:
$145,000
Amount financed:
-$116,000
Down payment:
$29,000
Closing costs:
$4,350
Rehab costs:
$0
Initial cash invested:
$33,350
Square feet:
792
Cost per square foot:
$183
Monthly rent per square foot:
$1.89

Financing Details

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Loan amount:
$116,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$743
Property tax:
$136
Insurance:
$105
Private mortgage insurance (PMI):
$0
Monthly payment:
$984

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,500 $18,000
Vacancy loss: (6%)
6% -$90 -$1,080
Operating income:
$1,410 $16,920

Operating Expenses


% Rent Monthly Yearly
Property taxes: (9%)
9%-$136-$1,632
Insurance: (7%)
7%-$105-$1,260
Property management: (8%)
8%-$120-$1,440
Repairs & maintenance: (5%)
5%-$75-$900
Capital expenditures: (5%)
5%-$75-$900
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (34%)
34%-$511-$6,132

Cash Flow


Monthly Yearly
Net operating income:
$899 $10,788
Mortgage payments:
-$743 -$8,916
Cash flow:
$156 $1,872