12005 Surrey Ave

Port Charlotte, FL 33981
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3 bd, 2 ba | 2,262 sqft | Built in 2022

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List Price
$379,900

Initial Investment

$103,523

Purchase Price

$379,900

Down Payment

25%

Rent

$2,240

Total Return

$271,137

Annualized Return

28.4%

Cap Rate

4.5%

Gross Yield

7.1%

Cash Flow

-$3,987

Appreciation

12.3%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

9,997

HOA

None

Flood Risk

Not Required

So many awesome things about this practically brand-new home! First, it was BUILT IN 2022, so it is only 2 years young; that means everything in it is only 2 years young, including the roof, AC system, water heater, plumbing, appliances, and fixtures. It is in a peaceful, QUIET NEIGHBORHOOD which happens to be in an X FLOOD ZONE – so NO FLOOD INSURANCE is necessary! Everything is built up to the latest code, including new windows and HURRICANE SHUTTERS! The KITCHEN is GORGEOUS with a fabulous island, 42” wood soft-close cabinetry, lovely granite countertops, and stainless-steel appliances. The PRIMARY SUITE is HUGE, at 13’ x 18’ with an 8’ x 8’ WALK-IN CLOSET, and an ensuite bathroom with a 5’ x 5’ WALK-IN SHOWER! One of the GUEST bedrooms even has a WALK-IN CLOSET! Both bathrooms have granite counters and baths/showers are beautifully tiled – no plastic shower inlays. The flooring is TILE throughout the ENTIRE HOME, making it flow nicely. There’s a fabulous COVERED & SCREENED PATIO out back, with access to the PRIVATE BACK YARD that is FENCED IN. AND, you have a beautiful new 12’ x 24’ above ground POOL to float and play in! You can easily remove that and put an in-ground pool in if you wish. This home is on PUBLIC WATER with PRIVATE SEPTIC (only 2 years old!). Keep your grass green with the handy IRRIGATION SYSTEM, which draws from public water. The INTERIOR LAUNDRY ROOM even has a sink with a granite countertop! AND, the GARAGE has been done in gorgeous EPOXY FLAKE FLOORING. This home is LIGHT & BRIGHT with HIGH CEILINGS and an open GREAT ROOM area. The area can’t be beat – just 15 MINUTES to the BEACH, and less than 5 minutes to the grocery store, Home Depot and GOLF! This was built as a “FOREVER-HOME.” Come make it yours!

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

Annual Financial Highlights

Expected Rent

$25,536

Expenses

-$3,779

Property Taxes

-$5,090

Loan Payments

-$20,653

Net Cash Flow

-$3,987

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:Mary Jo Claudius
Agent License 3343106
MICHAEL SAUNDERS & COMPANY
Certified Agent Brokerage:Jeff Wills
Sefair Investments, Inc
FL Brokerage License 1035088
SourceStellar MLS
MLS #D6137462
Last Updated: 07/26/2024 10:07
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