460 Creek Lane Dr

Englewood, FL 34223
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3 bd, 2 ba | 1,714 sqft | Built in 1970

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List Price
$220,000

Initial Investment

$59,950

Purchase Price

$220,000

Down Payment

25%

Rent

$2,230

Total Return

$142,243

Annualized Return

30.2%

Cap Rate

8.1%

Gross Yield

12.2%

Cash Flow

$4,942

Appreciation

9.0%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

11,045

HOA

None

Flood Risk

High Risk - Zone AE

Investor Special. This home was all remodeled and ready to go until Milton came through. Home had water intrusion but has been completely remediated and ready for you to finish. All drywall, flooring, trim, lower kitchen cabinets and bathroom vanities have been removed. Quartz countertops, sink, and faucet are on site. Upper cabinets and marble backsplash are still installed. Even the bathroom light and mirrors are still there. All this house needs is lower cabinets, drywall, trim, floors, and doors to make this a great investment or your dream home. This home is situated on a canal that leads to Lemon Bay and the Gulf of Mexico. 100 feet of water frontage makes this the ideal place to watch the tide come in and out while you name the birds, count the manatee, and watch the fish jump. Park your boat at the dock and your RV on your oversized lot with no HOA or restrictions. Across the canal is an undeveloped area adding to the privacy and peacefulness of this great location. New roof, new plumbing-including new water supply and sewer lines, new electrical panel and new A/C were all completed in 2024. The tiled and screened lanai give you that awesome outdoor living space to enjoy Florida's beautiful weather. The primary bedroom and dining area have fully retractable sliding doors that open to the screened porch adding to your year round enjoyment. The utility room is large and has plenty of space for washer/dryer. Park your bike just inside the carport for easy storage and accessibility. Storm shutters are included for all windows and lanai. Flood insurance currently is $ 4,000.00 yearly. Welcome Home!

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

Annual Financial Highlights

Expected Rent

$25,422

Expenses

-$5,329

Property Taxes

-$3,190

Loan Payments

-$11,960

Net Cash Flow

$4,942

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:Zena Johnson
Agent License 0676896
BRIGHT REALTY
Certified Agent Brokerage:Jeff Wills
Sefair Investments, Inc
FL Brokerage License 1035088
SourceStellar MLS
MLS #A4631203
Last Updated: 12/04/2024 18:12
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