Fort Myers active income property with tenant in place

Gallery

Location in residential Fort Myers neighborhood Franklin Park. House features many updates and is cute and cozy. House has 2 bedrooms, 1 bath and a carport. 1008 Sq Ft living area and approx 600 sqft covered lanai being used as living room. The kitchen and bathroom was updated in the past. New (2011) paint inside and carpets in bedrooms. Fenced yard built in 2006.

The roof is pitched and  totally redone in 2007. The flat roof has been redone in July 2011

YEAR BUILT:                                          1950

SIZE-SQFT UNDER AIR:                       1008 + 600

Lot-Size                                                   6,750 Sq Ft,   50 foot frontage, 135 foot deep

BEDS:                                                     2                                        BATHS:                  1

PARKING:                                               Carport

REPLACEMENT COST:                         $101,700

TAX (YEAR):                                            $241
(2010)

INSURANCE:                                           $941

MANAGEMENT FEE:                              $546 (7%)

TOTAL ANNUAL EXPENSES:                $1,728

RENT (MONTHY):                                     $650

ESTIMATED ANNUAL RENT:                 $7,800

ESTIMATED ANNUAL NET INCOME:    $6,072