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$679,500

For Sale - Active
17584 Saw Palmetto Ave, Clermont, FL 34714
4 Beds
4 Baths
2,900 Square Feet
0.15 Acres Lot
Built in 2022
For Sale - Active
Units n/a
Checked: 43 minutes ago
Updated: May 20, 2025 at 03:44AM

Investment Summary


Monthly Cash Flow
-$1,615
Cap Rate
3.4%
Cash-on-Cash Return
-12.4%
Debt Coverage Ratio
0.54
Internal Rate of Return (5 years)
-8.0%

Property Description


0.15 Acres Lot
Built in 2022
For Sale - Active
Units n/a

Stunning Home in the Gated Community of Serenoa Lakes! Welcome to this exceptional home nestled in the peaceful, gated community of Serenoa Lakes! Offering the perfect blend of luxury, comfort, and convenience, this 4-bedroom, 3-1/2-bathroom beauty is a must-see. From the moment you enter, you'll be impressed by the elegant luxury vinyl flooring that flows seamlessly throughout the home. The heart of the home is its gourmet kitchen, featuring top-of-the-line appliances, sleek countertops, and plenty of space for preparing meals and entertaining guests. Adjacent to the kitchen is a spacious flex office, ideal for remote work or a quiet study area and an oversized half bath for guests. Upstairs, you'll find a huge loft that offers endless possibilities—whether you're looking for a home theater, playroom, or additional living space. This versatile area is perfect for making the most of your home. Step outside through the large sliding doors to discover a beautiful screened-in heated pool with spa, perfect for relaxing or entertaining all year round. The added bonus of solar panels ensures efficiency and sustainability, making this home as environmentally friendly as it is luxurious. Serenoa Lakes offers a tranquil setting, private kayak launch, and a robust community center and family activities, combining privacy with easy access to nearby amenities, making this the perfect place to call home. Don’t miss the opportunity to tour this gorgeous home—schedule a showing today!

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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): 3
  • # of Baths (Partial): 1
  • # of Baths (Total): 4.0

Interior Features

  • # of Rooms: 13
  • # of Stories: 2

Exterior Features

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

HOA

  • Has HOA: Yes
  • Association: Serenoa POA
  • HOA Fee: $146/monthly

Land Information

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

Lot Information

  • Parcel ID: 242426001000006200
  • Lot Size: 6593 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 2022

Tax Information

  • Annual Tax: $8,187

Utilities

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

Location

  • County: Lake

Listing Details


Listed by:
Lynn London
EXP REALTY LLC
(410) 206-0952

Source:
Stellar MLS
MLS#: O6273995
Stellar MLS

Investment Summary


Monthly Cash Flow
-$1,615
Cap Rate
3.4%
Cash-on-Cash Return
-12.4%
Debt Coverage Ratio
0.54
Internal Rate of Return (5 years)
-8.0%

Purchase Details

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Purchase price:
$679,500
Amount financed:
-$543,600
Down payment:
$135,900
Closing costs:
$20,385
Rehab costs:
$0
Initial cash invested:
$156,285
Square feet:
2,900
Cost per square foot:
$234
Monthly rent per square foot:
$1.38

Financing Details

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Loan amount:
$543,600
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.810%
Principal & interest:
$3,547
Property tax:
$682
Insurance:
$280
Private mortgage insurance (PMI):
$0
Monthly payment:
$4,509

Operating Income

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% Rent Monthly Yearly
Gross rent:
$4,000 $48,000
Vacancy loss: (6%)
6% -$240 -$2,880
Operating income:
$3,760 $45,120

Operating Expenses


% Rent Monthly Yearly
Property taxes: (17%)
17%-$682-$8,187
Insurance: (7%)
7%-$280-$3,360
Property management: (8%)
8%-$320-$3,840
Repairs & maintenance: (5%)
5%-$200-$2,400
Capital expenditures: (5%)
5%-$200-$2,400
HOA fees: (4%)
4%-$146-$1,752
Total operating expenses: (46%)
46%-$1,828-$21,939

Cash Flow


Monthly Yearly
Net operating income:
$1,932 $23,184
Mortgage payments:
-$3,547 -$42,564
Cash flow:
$1,615 $19,380