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$159,900

Sale Pending
104 N Park Pl, Edgewater, FL 32132
2 Beds
2 Baths
1,082 Square Feet
0.10 Acres Lot
Built in 1949
Sale Pending
1 Units
Checked: 2 days ago
Updated: Jul 08, 2025 at 03:23AM

Investment Summary


Monthly Cash Flow
$310
Cap Rate
8.5%
Cash-on-Cash Return
10.1%
Debt Coverage Ratio
1.38
Internal Rate of Return (5 years)
13.9%

Property Description


0.10 Acres Lot
Built in 1949
Sale Pending
1 Units

Diamond in the Rough! Total fixer upper but tons of potential and what a cool location! Literally located right behind the Edgewater Police Department and just 100 yards to the water, it's like your own private little street shared with only one other home! Priced for a quick sale with room in the price to improve the property without fear of being invested! This is a cash only sale! All information taken from the text record and, while deemed reliable, cannot be guaranteed.

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Location


Property Details


Parking

  • Description: Garage
  • Details: Attached
  • Garage Spaces: 1
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

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

Interior Features

  • # of Rooms: 4
  • # of Stories: 2

Exterior Features

  • Exterior Walls Materials: Asbestos Shingle
  • Foundation: Block
  • Roof Material: Metal

Land Information

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

Lot Information

  • Parcel ID: 745201000065
  • Lot Size: 4425 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 1949

Tax Information

  • Annual Tax: $2,178

Utilities

  • Water & Sewer: Public
  • Heating: None
  • Cooling: Wall/Window Unit(s)

Location

  • County: Volusia

Listing Details


Listed by:
Geri Westfall Adams
SIMPLY REAL ESTATE
(386) 852-0339

Source:
Stellar MLS
MLS#: V4943057
Stellar MLS

Investment Summary


Monthly Cash Flow
$310
Cap Rate
8.5%
Cash-on-Cash Return
10.1%
Debt Coverage Ratio
1.38
Internal Rate of Return (5 years)
13.9%

Purchase Details

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Purchase price:
$159,900
Amount financed:
-$127,920
Down payment:
$31,980
Closing costs:
$4,797
Rehab costs:
$0
Initial cash invested:
$36,777
Square feet:
1,082
Cost per square foot:
$148
Monthly rent per square foot:
$1.76

Financing Details

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Loan amount:
$127,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$819
Property tax:
$182
Insurance:
$133
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,134

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,900 $22,800
Vacancy loss: (6%)
6% -$114 -$1,368
Operating income:
$1,786 $21,432

Operating Expenses


% Rent Monthly Yearly
Property taxes: (10%)
10%-$182-$2,178
Insurance: (7%)
7%-$133-$1,596
Property management: (8%)
8%-$152-$1,824
Repairs & maintenance: (5%)
5%-$95-$1,140
Capital expenditures: (5%)
5%-$95-$1,140
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (35%)
35%-$657-$7,878

Cash Flow


Monthly Yearly
Net operating income:
$1,129 $13,548
Mortgage payments:
-$819 -$9,828
Cash flow:
$310 $3,720