Key Metrics based on Seller's input

  • Gross ROI

  • Net ROI

  • Net ROI Cash

  • Net Monthly Cashflow

  • 32.33%

  • 30.31%

  • $36,041.23

  • $3,003.44

Acquisition Information

  • Price

  • Estimated Buyer's Closing Costs

  • $118,900.00

  • $3,567.00

Type: Condominium

100 EL CAMINO DR #308, WINTER HAVEN, Florida 33884

$118,900.00 32.33% GROSS ROI

Details

Move in ready! Spacious corner unit with tons of natural light, GORGEOUS WATER VIEW and BONUS ROOM. This Orchid Springs condo is located in the 55+ Granada building with ELEVATOR. NEW A/C 2021 WITH 10 YEAR WARRANTY, NEW ROOF 2017, and HOME WARRANTY THRU MAY 2023. Open floor concept with Travertine tile and laminate flooring throughout. NO CARPET. The kitchen features SOLID CHERRY WOOD CABINETS with pullouts and corner carousel, travertine tile countertops and backsplash. STAINLESS STEEL stove and dishwasher. Living, dining, and bonus room are open to each other allowing for a beautiful view of the lagoon. Living room and bedroom have additional windows overlooking a courtyard. These additional windows and courtyard view are an added bonus on the corner units. The bathroom features a custom vanity with decorative ceramic sink, bead board, oil rubbed bronze fixtures and a tub/shower combo. Spacious bedroom has natural light from the additional window and a WALK-IN CLOSET. Additional closets in the hall and bonus room provide plenty of extra storage space. Parking is assigned and this UNIT IS CLOSE TO THE ELEVATOR. Live in beautiful Winter Haven all year or come stay for the winter! Convenient access to hospitals, restaurants, shopping, and churches. Don't let this one slip away!

Category: Buy & Hold       Baths: 1       Beds: 1       Sq Ft: 1078       Year Built: 1971       Listing Date: 2022-06-23       Private Pool: No       MLS Status: Active       Subdivision: ORCHID SPGS VILL 100 CONDO       Waterfront: No Lagoon       County: Polk       Direction Facing: Southwest      

Tax Legal Description: ORCHID SPRINGS VILLAGE NO 100 CONDOMINIUM BOOK 1 PGS 18/21 UNIT 308 & AN UNDIVIDED 2.22% INT IN COMMON ELEMENTS

Owner Costs

  • HOA Fees per month

  • Annual Property Taxes

  • $0.00

  • $497.53

Rental Information

  • Estimated Monthly Market Rent

  • Realistic Vacancy Rate (%)

  • $3,300.00

  • 5

Analyze Deal

USE YOUR OWN NUMBERS TO ANALYZE:

Closing Price

Closing Costs (EST. 3%)

Expected Monthly Rent

Monthly HOA Fees

Vacancy Yearly Percentage Rate (EST. 5%)

Annual Property Taxes

Estimated Renovation

Annual Insurance

Annual Estimated Repairs

ESTIMATED NET ROI:

  • NET ROI:
    32.34%

  • NET ROI CASH:
    $36,041.23

  • NET ANNUAL ROI:
    30.31%

  • NET MONTHLY CASHFLOW:
    $3,003.44

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