412 Cypress Forest Dr

Englewood, FL 34223
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2 bd, 2 ba | 2,420 sqft | Built in 1988

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List Price
$299,900

Initial Investment

$81,723

Purchase Price

$299,900

Down Payment

25%

Rent

$2,820

Total Return

$184,296

Annualized Return

28.5%

Cap Rate

7.5%

Gross Yield

11.3%

Cash Flow

$4,881

Appreciation

9.0%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

7,471

HOA

$67/mo

Flood Risk

Not Required

Lovely 2Bed/2Bath (+den), split bedroom home in Park Forest, a gated 55+ maintenance free community centrally located in Englewood. This spacious home features a high Cathedral ceiling in the great room, an oversized air-conditioned Florida room with ample space for entertaining, and a den/office/bonus room. The Primary Bedroom suite includes a walk-in and built-in closet, and step-in shower. The spacious kitchen offers a center island with plenty of storage, a closet pantry, and a breakfast nook/dinette surrounded by windows. Additional features include an interior full-size washer/dryer, and utility sink and work bench located in the garage. The quarterly HOA fee covers all exterior upkeep, including painting and roof replacement. Park Forest residents enjoy access to the large recreation center which includes a pool, clubhouse, tennis courts, shuffleboard court, and spa. Conveniently situated just minutes from Publix Supermarket, a variety of restaurants and shopping on Englewood’s Dearborn Street and is less than 10 minutes to the Englewood public beach on Manasota Key.

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

Annual Financial Highlights

Expected Rent

$32,148

Expenses

-$7,263

Property Taxes

-$3,700

Loan Payments

-$16,304

Net Cash Flow

$4,881

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:Jake Miller
GULF REALTY & ASSOCIATES LLC
Certified Agent Brokerage:Jeff Wills
Sefair Investments, Inc
FL Brokerage License 1035088
SourceStellar MLS
MLS #D6138879
Last Updated: 11/08/2024 16:11
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