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$165,000

For Sale - Active
10720 SW 63rd Ave, Ocala, FL 34476
2 Beds
2 Baths
1,166 Square Feet
0.32 Acres Lot
Built in 1988
For Sale - Active
0 Units
Checked: 2 days ago
Updated: Jul 23, 2025 at 05:38AM

Investment Summary


Monthly Cash Flow
-$31
Cap Rate
5.9%
Cash-on-Cash Return
-1.0%
Debt Coverage Ratio
0.96
Internal Rate of Return (5 years)
3.0%

Property Description


0.32 Acres Lot
Built in 1988
For Sale - Active
0 Units

Welcome to this charming 2-bedroom, 2-bathroom home located in the highly sought-after 55+ community of Spruce Creek, where resort-style living meets everyday comfort. The well-designed floor plan features a spacious family room, a screened lanai perfect for relaxing or entertaining, a covered front patio, and an oversized 14-foot garage offering ample storage space. Enjoy access to a wide range of amenities, including a fitness center, community pool, tennis courts, and a clubhouse. Trash pickup is also included for added convenience. Ideally situated close to shopping, restaurants, and hospitals, this home offers the perfect blend of comfort, convenience, and lifestyle. ROOF 2021 & AC 2021!

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Location


Property Details


Parking

  • Description: Garage Door Opener
  • Details: Driveway, Garage Door Opener, Oversized, 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: 1

Exterior Features

  • Exterior Walls Materials: Siding (Alum/Vinyl)
  • Foundation: Concrete Perimeter
  • Roof Type: Gable
  • Roof Material: Shingle
  • Pool Community: Yes

HOA

  • Has HOA: Yes
  • Association: Wayne Royce
  • HOA Fee: $118/monthly

Land Information

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

Lot Information

  • Parcel ID: 3568601317
  • Lot Size: 13939 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 1988

Tax Information

  • Annual Tax: $2,066

Utilities

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

Location

  • County: Marion

Listing Details


Listed by:
Scott Coldwell
COLDWELL REALTY SOLD GUARANTEE
(352) 209-0000

Source:
Stellar MLS
MLS#: OM703985
Stellar MLS

Investment Summary


Monthly Cash Flow
-$31
Cap Rate
5.9%
Cash-on-Cash Return
-1.0%
Debt Coverage Ratio
0.96
Internal Rate of Return (5 years)
3.0%

Purchase Details

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Purchase price:
$165,000
Amount financed:
-$132,000
Down payment:
$33,000
Closing costs:
$4,950
Rehab costs:
$0
Initial cash invested:
$37,950
Square feet:
1,166
Cost per square foot:
$142
Monthly rent per square foot:
$1.37

Financing Details

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Loan amount:
$132,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$845
Property tax:
$172
Insurance:
$112
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,129

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,600 $19,200
Vacancy loss: (6%)
6% -$96 -$1,152
Operating income:
$1,504 $18,048

Operating Expenses


% Rent Monthly Yearly
Property taxes: (11%)
11%-$172-$2,067
Insurance: (7%)
7%-$112-$1,344
Property management: (8%)
8%-$128-$1,536
Repairs & maintenance: (5%)
5%-$80-$960
Capital expenditures: (5%)
5%-$80-$960
HOA fees: (7%)
7%-$118-$1,416
Total operating expenses: (43%)
43%-$690-$8,283

Cash Flow


Monthly Yearly
Net operating income:
$814 $9,768
Mortgage payments:
-$845 -$10,140
Cash flow:
$31 $372