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$555,000

For Sale - Active
1904 146th Ter E, Parrish, FL 34219
4 Beds
3 Baths
2,139 Square Feet
0.20 Acres Lot
Built in 2022
For Sale - Active
1 Units
Checked: 1 day ago
Updated: May 04, 2025 at 03:33AM

Investment Summary


Monthly Cash Flow
-$1,237
Cap Rate
3.5%
Cash-on-Cash Return
-11.6%
Debt Coverage Ratio
0.56
Internal Rate of Return (5 years)
-7.3%

Property Description


0.20 Acres Lot
Built in 2022
For Sale - Active
1 Units

Located in the desirable and beautiful nature preserve community Twin River’s Cove community, you’ll be just minutes from the Manatee River, shopping, and dining. Inside, you're greeted by a welcoming foyer that leads to expansive living areas, including a formal living and dining room, a spacious kitchen, and a cozy great room. The versatile layout also includes a separate Den/office, three bedrooms, and three full bathrooms. The kitchen stands out with classic white Shaker-style cabinets, convenient pull-out drawers, a large center island, GE appliances, and a pantry. The great room features a tray ceiling and seamlessly connects to the outdoor living area, enhancing the home’s open, airy feel. The oversized master suite is a true sanctuary, with a sitting area, large closets, a double sink vanity, and a walk-in shower. The extended lanai has a picture window frame with noseeum screening to allow you to enjoy the pond and its wildlife peacefully.

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Location


Property Details


Parking

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

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Total): 3.0

Interior Features

  • # of Rooms: 3
  • # of Stories: 1

Exterior Features

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

HOA

  • Has HOA: Yes
  • Association: Sarah Knapp
  • HOA Fee: $310/quarterly

Land Information

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

Lot Information

  • Parcel ID: 4977.45659
  • Lot Size: 8664 sqft

Property Information

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

Tax Information

  • Annual Tax: $5,155

Utilities

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

Location

  • County: Manatee

Listing Details


Listed by:
Stephen Hachey
FLAT FEE MLS REALTY
(813) 642-6030

Source:
Stellar MLS
MLS#: TB8364514
Stellar MLS

Investment Summary


Monthly Cash Flow
-$1,237
Cap Rate
3.5%
Cash-on-Cash Return
-11.6%
Debt Coverage Ratio
0.56
Internal Rate of Return (5 years)
-7.3%

Purchase Details

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Purchase price:
$555,000
Amount financed:
-$444,000
Down payment:
$111,000
Closing costs:
$16,650
Rehab costs:
$0
Initial cash invested:
$127,650
Square feet:
2,139
Cost per square foot:
$259
Monthly rent per square foot:
$1.45

Financing Details

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Loan amount:
$444,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$2,843
Property tax:
$430
Insurance:
$217
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,490

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,100 $37,200
Vacancy loss: (6%)
6% -$186 -$2,232
Operating income:
$2,914 $34,968

Operating Expenses


% Rent Monthly Yearly
Property taxes: (14%)
14%-$430-$5,155
Insurance: (7%)
7%-$217-$2,604
Property management: (8%)
8%-$248-$2,976
Repairs & maintenance: (5%)
5%-$155-$1,860
Capital expenditures: (5%)
5%-$155-$1,860
HOA fees: (3%)
3%-$103-$1,236
Total operating expenses: (42%)
42%-$1,308-$15,691

Cash Flow


Monthly Yearly
Net operating income:
$1,606 $19,272
Mortgage payments:
-$2,843 -$34,116
Cash flow:
$1,237 $14,844