Description
Cross-streets: Forest Ridge Blvd & Casurina Pl
Beds/Baths: 3/2/2cg
Sq Ft: 1,530 s.f.
Lot Size: 10,608 s.f.
Year Built: 1989
APN: 18E18S110082018600060
Access: Call/ E-mail/Text for Access
Features/Amenities:
- 3 Beds / 2 Baths / 2 Car Garage
- 1,530 s.f. | Lot: 10,608 s.f.
- Year Built: 1989
- Repairs Needed – Master bathroom: Tile & faucet repair
- Cosmetic updates
- Newer Roof – No major repairs!
- Prime Location: Near Tampa & Orlando
Financial Details:
- ARVE: $220,000 – $240,000
- Purchase Price: $185,000
- Seller Financing Terms:
– Down Payment: $25,000
– Principal Balance: $160,000
– 5% Interest Only: $666.67/month
– 5-Year Balloon with a 3-Year Extension option for $1K (if payments are made on time).
Rental Potential – 15.5% Cash-on-Cash ROI
Monthly Payment Breakdown:
- Interest Only: $666
- Solar: $243
- Taxes: $93
- Insurance: $80
- Property Management: $75
- Total Monthly Costs: $1,157
- Gross Rent: $1,700/month ($20,400/year)
- Net Cash Flow: $543/month ($6,516/year)
- ROI: 15.5%
This property is Owner-occupied, so inspections must be scheduled.
Why This Deal?
- Strong ROI and stable cash flow.
- Quality seller financing terms with minimal risk.
- Rare opportunity to secure a property with favorable terms in a growing area near Tampa and Orlando.
This House style property is located in Beverly Hills is currently For sale and has been listed on True Freedom Achievers. This property is listed at $ 185,000.00. It has 3 beds bedrooms, 2 baths bathrooms, and is 1530 sq ft. The property was built in 1989 year.
