Wanderlast | Spill over hot tub leads to $1600+ Cashflow

Seminole Pool Home with 14% returns

Author

Ryan Anstett
July 28, 2023

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Largo, FL

Listed by Kathie Lea | Exp Realty

Welcome home to this lovely 3-bedroom, 2-bathroom POOL home with 2 car garage located on a peaceful Cul De Sac in the highly desirable Ridge Haven subdivision. This residence offers a range of attractive features that make it a perfect place to call home and is located on a large 79x110 lot. Step inside and be greeted by an updated kitchen featuring granite countertops, white shaker cabinets, stainless steel appliances, and beautiful travertine floors. Enjoy breakfast at the kitchen bar, creating a delightful start to your day. The open concept design seamlessly connects the kitchen to the family room, complete with a fireplace and cathedral ceilings, creating a spacious and inviting atmosphere. Through the French doors in the family room, you'll find a large covered pavered lanai and sundeck to enjoy the gleaming pool and privacy fenced backyard. This outdoor retreat is perfect for hosting gatherings or simply enjoying a peaceful moment surrounded by nature. The home features a well-fed irrigation system, ensuring a lush and vibrant landscape. The sizable backyard offers ample space for outdoor activities and personalization.

Property Details

  • $550,000

  • 3 Bedrooms/2 Baths

  • Average Daily Rate: $274

  • Occupancy Rate: 67%

Projections

  • Down Payment: $110,000

  • Cash to Close: $150,750

  • Monthly Income: $5,584

  • Monthly Expenses: $4,303

  • Monthly expected cash flow: $1,281

  • Expected cash on cash return: 10.20%

  • Property Value in 10 Years $861,518

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