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$460,000

Sale Pending
1904 Eloise Cove Dr, Winter Haven, FL 33884
4 Beds
5 Baths
3,368 Square Feet
0.26 Acres Lot
Built in 2007
Sale Pending
1 Units
Checked: 2 days ago
Updated: Jul 02, 2025 at 03:53AM

Investment Summary


Monthly Cash Flow
-$783
Cap Rate
4.1%
Cash-on-Cash Return
-8.9%
Debt Coverage Ratio
0.67
Internal Rate of Return (5 years)
-4.6%

Property Description


0.26 Acres Lot
Built in 2007
Sale Pending
1 Units

Under contract-accepting backup offers. "HUGE PRICE REDUCTION" ON THIS 2 STORY FAMILY HOME FEATURING 4 BEDROOMS, 4.5 BATHROOMS LOCATED IN A VERY ESTABLISHED GATED COMMUNITY JUST STEPS FROM LEGOLAND!!! The cook in the family will love the oversized kitchen with stainless refrigerator, dishwasher, double ovens, microwave, breakfast bar, island, desk area, granite countertops and an abundance of 42 in. upper cabinetry. The primary bedroom is downstairs and has an oversized walk-in closet. The en-suite bathroom has a large walk-in shower, dual vanities, toilet closet and a spacious jetted garden soaking tub for relaxing at the end of a hard day! The upstairs has 3 bedroom, 2 bathrooms and a 20 x 12 "Bonus Room" for an extra TV area or play room. The 36 x 9 back lanai is enclosed with large sliding windows/screens for enjoyment in the summer and winter and features a beautiful full bathroom. The entire lanai overlooks the back yard and is secured with a privacy fence. The front porch is also screened so you can enjoy the afternoon sunsets over beautiful Lake Eloise! The Eloise Cove Community has a private waterfront dock specifically for it's residents only. This community is so conveniently located to everything you need including LEGOLAND, shopping, medical, restaurants, hospitals and also launching your boat in Winter Haven's famous "Chain Of Lakes".

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Location


Property Details


Parking

  • Description: Garage
  • Details: Attached
  • Garage Spaces: 3
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 4
  • # of Baths (Partial): 1
  • # of Baths (Total): 5.0

Interior Features

  • # of Rooms: 11
  • # of Stories: 2

Exterior Features

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

HOA

  • Has HOA: Yes
  • Association: Stambaugh INC / Tenisha Schroeder
  • HOA Fee: $1,000/annually

Land Information

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

Lot Information

  • Parcel ID: 262911687425000120
  • Lot Size: 11247 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 2007

Tax Information

  • Annual Tax: $5,794

Utilities

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

Location

  • County: Polk

Listing Details


Listed by:
Bryan Dicks
COLDWELL BANKER REALTY
(863) 287-7851

Source:
Stellar MLS
MLS#: P4933727
Stellar MLS

Investment Summary


Monthly Cash Flow
-$783
Cap Rate
4.1%
Cash-on-Cash Return
-8.9%
Debt Coverage Ratio
0.67
Internal Rate of Return (5 years)
-4.6%

Purchase Details

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Purchase price:
$460,000
Amount financed:
-$368,000
Down payment:
$92,000
Closing costs:
$13,800
Rehab costs:
$0
Initial cash invested:
$105,800
Square feet:
3,368
Cost per square foot:
$137
Monthly rent per square foot:
$0.92

Financing Details

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Loan amount:
$368,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$2,356
Property tax:
$483
Insurance:
$217
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,056

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: (16%)
16%-$483-$5,794
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%-$83-$996
Total operating expenses: (43%)
43%-$1,341-$16,090

Cash Flow


Monthly Yearly
Net operating income:
$1,573 $18,876
Mortgage payments:
-$2,356 -$28,272
Cash flow:
$783 $9,396