4117 70th Street Cir E

Palmetto, FL 34221
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2 bd, 2 ba | 2,724 sqft | Built in 2005

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List Price
$445,000

Initial Investment

$121,263

Purchase Price

$445,000

Down Payment

25%

Rent

$2,650

Total Return

$224,274

Annualized Return

22.3%

Cap Rate

4.5%

Gross Yield

7.1%

Cash Flow

-$5,372

Appreciation

9.5%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

11,413

HOA

$76/mo

Flood Risk

Not Required

Enjoy the Florida lifestyle you deserve in this 2-bedroom, 2-bathroom, 2-car garage home with a low HOA ($76/mo.) with no CDD!! The roof is 2 years old and has a transferrable warranty. Your new A/C has a transferrable 10-year warranty to the new owner and the water heater is only a year old. There are Plantation Shutters in the main living areas, bedrooms, and main bath & Hurricane shutters for the lanai windows & front windows. This Bruce Williams built home, with just over ¼ acre lot, has fruit trees in the fully fenced in back yard offering an enriching lifestyle: 2 grapefruit trees, 2 orange trees, a banana fruit-producing tree and a fresh pineapple ripening soon. Also, water from the lake can be used for irrigation so you save on buying water! What’s more, the association maintains the system from your property to the water source; all you need to maintain is your property’s system. Your spacious lanai has electricity, a ceiling fan, covers the entire back of the home plus includes an 8x12 swim spa! Your keep fit program can be done right in your own back yard. You can exercise, swim against the current or simply turn the bubbles on and relax with a glass of wine. If it happens to be raining, you can still enjoy your lanai as it is partially covered, while the other part has a screen roof. As you walk into the home, you discover an open-concept layout, where the spacious living room flows seamlessly into the large Great room area, perfect for hosting gatherings and entertaining guests. A view of the landscaped backyard is seen throughout almost all rooms in the home. The foyer leads to the Great room, which is open to the kitchen, so you don’t miss out on anything while making dinner! The kitchen, with its Corian countertops, has an eat-in area along with a dining room around the corner; all topped off by a cathedral ceiling. On the other side of the kitchen is a Family room which has a set of triple sliders to the lanai, which conceal behind the wall so it won’t inhibit your view. The main bedroom has a door to the lanai, an ensuite bath and a walk-in closet as well as an additional standard one. This main bath includes a separate garden tub and step-in shower. There’s a 2nd bedroom and the Den could become 3rd bedroom, if needed. Your laundry room includes a sink for soaking those stains or bathing a pet. The community has a shaded playground and a lake with a cabana for watching the sunset. This home is just a Short Car Ride Away to some Of the Nation’s best BEACHES as well as Disney Parks, Busch Gardens, MacDill Airforce Base, Restaurants, theatres, shopping, And Much More.

See more in Analysis
Jeff Wills
Sefair Investments, Inc
FL Agent License #BK3326417

Annual Financial Highlights

Expected Rent

$30,210

Expenses

-$6,289

Property Taxes

-$5,100

Loan Payments

-$24,193

Net Cash Flow

-$5,372

See more in Financials

Property Characteristics

Buyer's Agent

An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
  • You can contact your Agent with questions even before making an offer.
  • A professional home inspection will be conducted prior to closing.  This inspection, paid for by Roofstock, will be conducted by a Roofstock-affiliated vendor.  As soon as the report is ready, your Agent will discuss the findings with you and help with any next steps.

Property Management

Why choose?
From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.

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Listing Courtesy of:Diane Noto
Agent License 3452914
DALTON WADE INC
Certified Agent Brokerage:Jeff Wills
Sefair Investments, Inc
FL Brokerage License 1035088
SourceStellar MLS
MLS #T3543627
Last Updated: 07/27/2024 13:07
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