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$365,000

Sale Pending
16053 Wilkinson Dr, Clermont, FL 34714
4 Beds
3 Baths
2,128 Square Feet
0.12 Acres Lot
Built in 2000
Sale Pending
1 Units
Checked: 16 hours ago
Updated: Sep 12, 2025 at 10:18AM

Investment Summary


Monthly Cash Flow
-$722
Cap Rate
3.8%
Cash-on-Cash Return
-10.3%
Debt Coverage Ratio
0.61
Internal Rate of Return (5 years)
-6.0%

Property Description


0.12 Acres Lot
Built in 2000
Sale Pending
1 Units

Under contract-accepting backup offers. Spacious 4-Bedroom Home with Bonus Flex Room in Desirable Westchester Community – Clermont, FL This charming single-family residence offers 4 bedrooms, 2.5 bathrooms, plus a versatile flex room that can easily serve as a 5th bedroom, home office, or playroom—perfect for today’s flexible lifestyles. With 2,128 square feet of well-designed living space, this home features an open-concept layout, ideal for entertaining and everyday living. Enjoy a fully fenced backyard on a manageable 0.12-acre lot, providing a private outdoor retreat for relaxing, grilling, or playing. Located just minutes from popular restaurants, shopping centers, and world-renowned theme parks, you’ll love the convenience of city access with the comfort of a quiet, welcoming community. Residents of Westchester also enjoy access to a community pool, perfect for cooling off during Florida’s sunny days. Don’t miss this opportunity to own a spacious, move-in-ready home in one of Clermont’s most sought-after neighborhoods!

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Location


Property Details


Parking

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

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Partial): 1
  • # of Baths (Total): 3.0

Interior Features

  • # of Rooms: 3
  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Brick Veneer
  • Foundation: Slab
  • Roof Material: Shingle
  • Pool Community: Yes

HOA

  • Has HOA: Yes
  • Association: Westchester HOA of Lake County
  • HOA Fee: $110/quarterly

Land Information

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

Lot Information

  • Parcel ID: 262426232500005500
  • Lot Size: 5250 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 2000

Tax Information

  • Annual Tax: $4,820

Utilities

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

Location

  • County: Lake

Listing Details


Listed by:
Nivia Baijnath
REALTY OF AMERICA
(407) 223-2446

Source:
Stellar MLS
MLS#: O6319412
Stellar MLS

Investment Summary


Monthly Cash Flow
-$722
Cap Rate
3.8%
Cash-on-Cash Return
-10.3%
Debt Coverage Ratio
0.61
Internal Rate of Return (5 years)
-6.0%

Purchase Details

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Purchase price:
$365,000
Amount financed:
-$292,000
Down payment:
$73,000
Closing costs:
$10,950
Rehab costs:
$0
Initial cash invested:
$83,950
Square feet:
2,128
Cost per square foot:
$172
Monthly rent per square foot:
$1.08

Financing Details

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Loan amount:
$292,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$1,870
Property tax:
$402
Insurance:
$161
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,433

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,300 $27,600
Vacancy loss: (6%)
6% -$138 -$1,656
Operating income:
$2,162 $25,944

Operating Expenses


% Rent Monthly Yearly
Property taxes: (17%)
17%-$402-$4,821
Insurance: (7%)
7%-$161-$1,932
Property management: (8%)
8%-$184-$2,208
Repairs & maintenance: (5%)
5%-$115-$1,380
Capital expenditures: (5%)
5%-$115-$1,380
HOA fees: (2%)
2%-$37-$444
Total operating expenses: (44%)
44%-$1,014-$12,165

Cash Flow


Monthly Yearly
Net operating income:
$1,148 $13,776
Mortgage payments:
-$1,870 -$22,440
Cash flow:
-$722 -$8,664