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$327,500

For Sale - Active
13191 Siam Dr, Spring Hill, FL 34609
4 Beds
2 Baths
1,709 Square Feet
0.28 Acres Lot
Built in 2003
For Sale - Active
1 Units
Checked: 13 hours ago
Updated: May 15, 2025 at 04:40AM

Investment Summary


Monthly Cash Flow
-$420
Cap Rate
4.6%
Cash-on-Cash Return
-6.7%
Debt Coverage Ratio
0.75
Internal Rate of Return (5 years)
-2.5%

Property Description


0.28 Acres Lot
Built in 2003
For Sale - Active
1 Units

This well maintained 4-bedroom, 2-bathroom home, built by Maronda Homes, offers high quality concrete block construction, providing exceptional insulation and energy efficiency. The split floor plan places the primary suite separately from the other three bedrooms, offering privacy and convenience. The interior features matching 16x16 ceramic tiles throughout, NO CARPET, making maintenance effortless. With a formal dining room, breakfast nook, family room, and a separate living room, this home provides plenty of space for entertaining and everyday living. The kitchen showcases granite countertops, solid wood cabinetry, and an open concept design that seamlessly connects to the main living spaces. A large screened in lanai leads to a spacious backyard with a partially fenced yard and a concrete-base shed for extra storage. The two car garage and oversized driveway accommodate up to six vehicles, perfect for a multi car household, guests, or a car enthusiast. Hurricane shutters stored in the garage will convey, offering additional security during storm season. No HOA restrictions allow you to park your boat, RV, or commercial vehicle right at home. This home is located in a thriving community with parks, golf courses, walking trails, and top rated schools and is conveniently near some of the area's best attractions: 6 miles from Weeki Wachee Springs, featuring mermaid shows, kayaking, and Buccaneer Bay water park, 13 miles from Pine Island Beach, a beautiful Gulf Coast destination. 4 miles from Prime 88 Steakhouse, offering fine dining with exceptional steak and wine pairings. 10 miles from Downtown Brooksville, known for its history, unique shopping, and dining options. With a newer roof (2021) and AC (2022), both under transferrable warranties, this home is truly move in ready. Schedule your showing today before it's gone.

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Location


Property Details


Parking

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

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

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

Interior Features

  • # of Rooms: 6
  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Stucco
  • Foundation: Block
  • Roof Type: Gable or Hip
  • Roof Material: Shingle

Land Information

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

Lot Information

  • Parcel ID: R3232317520013190130
  • Lot Size: 12292 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 2003

Tax Information

  • Annual Tax: $1,464

Utilities

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

Location

  • County: Hernando

Listing Details


Listed by:
Miriam Crispin
EXP REALTY LLC
(813) 716-5584

Source:
Stellar MLS
MLS#: TB8359525
Stellar MLS

Investment Summary


Monthly Cash Flow
-$420
Cap Rate
4.6%
Cash-on-Cash Return
-6.7%
Debt Coverage Ratio
0.75
Internal Rate of Return (5 years)
-2.5%

Purchase Details

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Purchase price:
$327,500
Amount financed:
-$262,000
Down payment:
$65,500
Closing costs:
$9,825
Rehab costs:
$0
Initial cash invested:
$75,325
Square feet:
1,709
Cost per square foot:
$192
Monthly rent per square foot:
$1.17

Financing Details

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Loan amount:
$262,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$1,678
Property tax:
$122
Insurance:
$140
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,940

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,000 $24,000
Vacancy loss: (6%)
6% -$120 -$1,440
Operating income:
$1,880 $22,560

Operating Expenses


% Rent Monthly Yearly
Property taxes: (6%)
6%-$122-$1,464
Insurance: (7%)
7%-$140-$1,680
Property management: (8%)
8%-$160-$1,920
Repairs & maintenance: (5%)
5%-$100-$1,200
Capital expenditures: (5%)
5%-$100-$1,200
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (31%)
31%-$622-$7,464

Cash Flow


Monthly Yearly
Net operating income:
$1,258 $15,096
Mortgage payments:
-$1,678 -$20,136
Cash flow:
$420 $5,040