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$262,500

For Sale - Active
237 S Wilderness Pt, Casselberry, FL 32707
2 Beds
3 Baths
1,260 Square Feet
0.05 Acres Lot
Built in 1986
For Sale - Active
Units n/a
Checked: 17 hours ago
Updated: Jul 28, 2025 at 05:06AM

Investment Summary


Monthly Cash Flow
-$543
Cap Rate
3.7%
Cash-on-Cash Return
-10.8%
Debt Coverage Ratio
0.60
Internal Rate of Return (5 years)
-6.5%

Property Description


0.05 Acres Lot
Built in 1986
For Sale - Active
Units n/a

SELLER MOTIVATED!! $5000 SELLER CREDIT FOR UPGRADES!! Fantastic Location! If you are looking for a home in the middle of everything but still feels quiet, this is one to see! This charming 2-story home features 2 bedrooms, 2.5 baths AND A BONUS LOFT AREA THAT CAN BE CONVERTED TO A 3RD BEDROOM!!! Perfect starter home or investment. Step inside to find a spacious open-concept layout, featuring a bright and airy living area that flows seamlessly into a modern kitchen. Each bedroom boasts an en-suite bathroom offering ample space and natural light. The rear of the home features a covered/screened patio and stunning water view. This home is a peaceful retreat from the busy world.

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Location


Property Details


Parking

  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

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

Interior Features

  • # of Rooms: 6
  • # of Stories: 2

Exterior Features

  • Exterior Walls Materials: Siding (not specified)
  • Foundation: Slab
  • Roof Type: IRR/Cathedral
  • Roof Material: Shingle

HOA

  • Has HOA: Yes
  • Association: Towers Property Management - Ben Islip
  • HOA Fee: $308/monthly

Land Information

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

Lot Information

  • Parcel ID: 14213050400001450
  • Lot Size: 2350 sqft

Property Information

  • Property Type: Townhouse
  • Year Built: 1986

Tax Information

  • Annual Tax: $3,237

Utilities

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

Location

  • County: Seminole

Listing Details


Listed by:
Eve Logan
LPT REALTY, LLC
(407) 227-3171

Source:
Stellar MLS
MLS#: O6298233
Stellar MLS

Investment Summary


Monthly Cash Flow
-$543
Cap Rate
3.7%
Cash-on-Cash Return
-10.8%
Debt Coverage Ratio
0.60
Internal Rate of Return (5 years)
-6.5%

Purchase Details

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Purchase price:
$262,500
Amount financed:
-$210,000
Down payment:
$52,500
Closing costs:
$7,875
Rehab costs:
$0
Initial cash invested:
$60,375
Square feet:
1,260
Cost per square foot:
$208
Monthly rent per square foot:
$1.59

Financing Details

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Loan amount:
$210,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$1,345
Property tax:
$270
Insurance:
$140
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,755

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,000 $24,000
Vacancy loss: (6%)
6% -$120 -$1,440
Operating income:
$1,880 $22,560

Operating Expenses


% Rent Monthly Yearly
Property taxes: (13%)
13%-$270-$3,238
Insurance: (7%)
7%-$140-$1,680
Property management: (8%)
8%-$160-$1,920
Repairs & maintenance: (5%)
5%-$100-$1,200
Capital expenditures: (5%)
5%-$100-$1,200
HOA fees: (15%)
15%-$308-$3,696
Total operating expenses: (54%)
54%-$1,078-$12,934

Cash Flow


Monthly Yearly
Net operating income:
$802 $9,624
Mortgage payments:
-$1,345 -$16,140
Cash flow:
$543 $6,516