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$755,000

For Sale - Active
234 W Circle Dr, Clewiston, FL 33440
2 Beds
3 Baths
2,701 Square Feet
0.00 Acres Lot
Built in 1996
For Sale - Active
Units n/a
Checked: 8 hours ago
Updated: May 27, 2025 at 04:12AM

Investment Summary


Monthly Cash Flow
-$2,848
Cap Rate
1.8%
Cash-on-Cash Return
-19.7%
Debt Coverage Ratio
0.28
Internal Rate of Return (5 years)
-15.0%

Property Description


0.00 Acres Lot
Built in 1996
For Sale - Active
Units n/a

Welcome to 234 W Circle Dr., a delightful custom-built single-family residence nestled in the heart of “America’s Sweetest Town”, Clewiston, FL. This inviting, well maintained home offers a blend of comfort and functionality, perfect for those seeking a serene living environment with plenty of room for hobbies and collectibles. The generous 2,701 sq ft. living area offers plenty of room for both everyday living and entertaining. The home is situated on a substantial .71-acre corner lot that provides ample outdoor living space with tranquil views from both the front and back porches. Pavered walkways lead from the 1012 sq ft, 4 car garage to the front entry and back porches. The garage is a collector’s dream. There is one full garage walled and air conditioned for a perfect workshop or collectibles to be kept securely and under air. If you have a boat, there’s no better way to keep it out of the Florida sun. The garages are 22 ft deep and will accommodate most bass boats. The home is designed as a 2 bedroom, 2.5 bath home but there are two additional rooms that can be easily converted into a 3rd or 4th bedroom. The owners designed these rooms as an executive office and theater room. The primary suite has an abundance of storage that lends itself to two custom designed walk-in closets with built-in cabinets and an additional office/craft room off the primary suite. Plantation shutters, crown molding, french doors and hard-wood flooring give an updated Florida lifestyle look to the home. Another added must have feature is the whole home General generator. Click on the virtual tour link and check out the 3-D tour and the opportunity to be the next owner of this well-appointed home within Clewiston’s renowned close-knit community. Don’t forget the unparalleled fishing on Lake “O” or all the easily assessable recreation for those that love the great outdoors and Clewiston’s small town appeal. Come see the possibilities of being in the middle of the State with the ability to access both coasts within a little over an hours drive.

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Location


Property Details


Parking

  • Description: Detached Garage
  • Details: Attached, Driveway, Garage, Paved, Garage Door Opener
  • Garage Spaces: 4
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

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

Interior Features

  • # of Stories: 1
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Siding (Alum/Vinyl)
  • Roof Type: IRR/Cathedral
  • Roof Material: Metal
  • Pool: Yes

Land Information

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

Lot Information

  • Parcel ID: 33443010100193003.0
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Florida, Ranch, One Story
  • Year Built: 1996

Tax Information

  • Annual Tax: $5,770

Utilities

  • Water & Sewer: Public
  • Heating: Central, Electric
  • Cooling: Central Air, Electric, Window Unit(s)

Location

  • County: Hendry

Listing Details


Listed by:
Cheryl Gutjahr
Rawls Real Estate
(863) 228-1562

Source:
Florida Gulf Coast Multiple Listing Service
MLS#: 225029309
Florida Gulf Coast Multiple Listing Service

Investment Summary


Monthly Cash Flow
-$2,848
Cap Rate
1.8%
Cash-on-Cash Return
-19.7%
Debt Coverage Ratio
0.28
Internal Rate of Return (5 years)
-15.0%

Purchase Details

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Purchase price:
$755,000
Amount financed:
-$604,000
Down payment:
$151,000
Closing costs:
$22,650
Rehab costs:
$0
Initial cash invested:
$173,650
Square feet:
2,701
Cost per square foot:
$280
Monthly rent per square foot:
$0.85

Financing Details

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Loan amount:
$604,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.840%
Principal & interest:
$3,954
Property tax:
$481
Insurance:
$161
Private mortgage insurance (PMI):
$0
Monthly payment:
$4,596

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: (21%)
21%-$481-$5,771
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: (n/a)
n/an/an/a
Total operating expenses: (46%)
46%-$1,056-$12,671

Cash Flow


Monthly Yearly
Net operating income:
$1,106 $13,272
Mortgage payments:
-$3,954 -$47,448
Cash flow:
$2,848 $34,176