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$309,900

For Sale - Active
10109 Holly Berry Dr, Weeki Wachee, FL 34613
2 Beds
2 Baths
1,579 Square Feet
0.14 Acres Lot
Built in 1997
For Sale - Active
1 Units
Checked: 23 hours ago
Updated: Apr 23, 2025 at 10:32PM

Investment Summary


Monthly Cash Flow
-$592
Cap Rate
3.9%
Cash-on-Cash Return
-10.0%
Debt Coverage Ratio
0.63
Internal Rate of Return (5 years)
-5.7%

Property Description


0.14 Acres Lot
Built in 1997
For Sale - Active
1 Units

Such a beautiful home to enjoy from the gorgeous front door, and foyer, to the 2 bedrooms, 2 baths. Included is an additional bedroom, den, or possible office room with built in shelving space and room enough for a daybed for extra guests. The recent refreshed double driveway comes with a warranty good until 8/2026 . As you walk through this house you should notice how well maintained this property is. The kitchen boasts multiple real wood Craft made cabinets and lots of granite counter space. The breakfast area overlooks a private no build behind preserve in back of your rear yard. Enjoy the various birds and wood land creatures as your enjoy sitting at your table having a bite to eat and sipping your favorite beverage. All kitchen appliances convey as well as the washer and dryer in the convenient indoor laundry room. Multiple ceiling fans through out help maintain a comfortable temperature when not needing the AC on. In the primary bathroom you can enjoy a good soak with the large jetted tub or if you prefer you can take a shower in the separate step in shower area. Plenty of room to prepare for any occasion in this large bathroom with double vanity sinks and large mirrors. The primary bedroom will easily accommodate your large pieces of furniture and still have room so you shouldn't feel overcrowded . There is also a large walk-in closet. The split floor plan has the guest room and guest bath on the other side of the house. Room for formal dining in the living /dining room combo. From the living room you can look out to the large screened in lanai. All the window treatments will stay. Recent termite inspection and contract renewal good until 3/27/2026. Electrical panel has had a power surge installed for added protection. Part of your HOA fees include a paint fund paid from your quarterly dues which is $30 each quarter that you can use towards having your house painted when needed. As a Glen Lakes resident There is a mandatory social membership fee which allows you use of the Clubhouse amenities, such as a lighted tennis court, pickleball, junior Olympic pool, hot tub, fitness room, restaurant and bar, game, craft, and computer/library rooms. If you like to golf there is a 18 hole championship golf course with a full practice driving range ,and putting green. You are limited to 24 times a year at current Guest Fees and golf carts are available for rent. Reroofed 2021, Hot water heater 8 years old.

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Location


Property Details


Parking

  • Description: Garage Door Opener
  • Details: Attached
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 7
  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Stucco
  • Foundation: Slab
  • Roof Type: Gable or Hip
  • Roof Material: Shingle
  • Pool Community: Yes

HOA

  • Has HOA: Yes
  • Association: ERIN GLMORE
  • HOA Fee: $1,105/quarterly

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: R1322217184400000560
  • Lot Size: 6146 sqft

Property Information

  • Property Type: Townhouse
  • Year Built: 1997

Tax Information

  • Annual Tax: $1,856

Utilities

  • Water & Sewer: Public
  • Heating: Central, Electric
  • Cooling: Central Air

Location

  • County: Hernando

Listing Details


Listed by:
Deborah Garland
TROPIC SHORES REALTY LLC
(352) 346-2068

Source:
Stellar MLS
MLS#: W7874529
Stellar MLS

Investment Summary


Monthly Cash Flow
-$592
Cap Rate
3.9%
Cash-on-Cash Return
-10.0%
Debt Coverage Ratio
0.63
Internal Rate of Return (5 years)
-5.7%

Purchase Details

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Purchase price:
$309,900
Amount financed:
-$247,920
Down payment:
$61,980
Closing costs:
$9,297
Rehab costs:
$0
Initial cash invested:
$71,277
Square feet:
1,579
Cost per square foot:
$196
Monthly rent per square foot:
$1.39

Financing Details

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Loan amount:
$247,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$1,587
Property tax:
$155
Insurance:
$154
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,896

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,200 $26,400
Vacancy loss: (6%)
6% -$132 -$1,584
Operating income:
$2,068 $24,816

Operating Expenses


% Rent Monthly Yearly
Property taxes: (7%)
7%-$155-$1,856
Insurance: (7%)
7%-$154-$1,848
Property management: (8%)
8%-$176-$2,112
Repairs & maintenance: (5%)
5%-$110-$1,320
Capital expenditures: (5%)
5%-$110-$1,320
HOA fees: (17%)
17%-$368-$4,416
Total operating expenses: (49%)
49%-$1,073-$12,872

Cash Flow


Monthly Yearly
Net operating income:
$995 $11,940
Mortgage payments:
-$1,587 -$19,044
Cash flow:
$592 $7,104