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$538,999

For Sale - Active
2723 Forestdale St, Saint Cloud, FL 34771
3 Beds
2 Baths
2,208 Square Feet
0.14 Acres Lot
Built in 2021
For Sale - Active
Units n/a
Checked: 1 day ago
Updated: Jul 17, 2025 at 04:12PM

Investment Summary


Monthly Cash Flow
-$1,479
Cap Rate
2.9%
Cash-on-Cash Return
-14.3%
Debt Coverage Ratio
0.46
Internal Rate of Return (5 years)
-9.9%

Property Description


0.14 Acres Lot
Built in 2021
For Sale - Active
Units n/a

Welcome to your new home in Split Oak Reserve, one of St. Cloud’s most sought-after communities—just 10 minutes from Lake Nona, 15 minutes from the state road 417, and 25 minutes from Orlando International Airport. Built in 2021, this modern 3-bedroom, 2-bathroom home offers comfort, style, and convenience all in one. As you enter, you’re greeted by a private office/den with elegant French doors, perfect for working from home or creating a cozy retreat. The open floor plan features an upgraded kitchen with a large island, modern finishes, and plenty of storage—ideal for hosting friends and family. The kitchen flows seamlessly into the dining and living areas, filled with natural light and beautiful views of the backyard. This single-story home blends every space effortlessly, with high ceilings and thoughtful design that makes everyday living feel elevated. Located near top-rated schools, shopping, dining, and major roadways, this home offers the best of both peace and accessibility. Don’t miss your chance to own this beautifully maintained, move-in-ready home in a prime location. Schedule your showing today and experience why Split Oak Reserve is such a special place to call home.

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Location


Property Details


Parking

  • Description: Finished
  • Details: Driveway, Attached
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 6
  • # of Stories: 1

Exterior Features

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

HOA

  • Has HOA: Yes
  • Association: Jedi Management
  • HOA Fee: $111/monthly

Land Information

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

Lot Information

  • Parcel ID: 092531502300010780
  • Lot Size: 6098 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 2021

Tax Information

  • Annual Tax: $6,462

Utilities

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

Location

  • County: Osceola

Listing Details


Listed by:
Maria Villagran
ALIGN REAL ESTATE LLC
(407) 989-5021

Source:
Stellar MLS
MLS#: O6306816
Stellar MLS

Investment Summary


Monthly Cash Flow
-$1,479
Cap Rate
2.9%
Cash-on-Cash Return
-14.3%
Debt Coverage Ratio
0.46
Internal Rate of Return (5 years)
-9.9%

Purchase Details

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Purchase price:
$538,999
Amount financed:
-$431,199
Down payment:
$107,800
Closing costs:
$16,170
Rehab costs:
$0
Initial cash invested:
$123,970
Square feet:
2,208
Cost per square foot:
$244
Monthly rent per square foot:
$1.27

Financing Details

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Loan amount:
$431,199
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$2,761
Property tax:
$539
Insurance:
$196
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,496

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,800 $33,600
Vacancy loss: (6%)
6% -$168 -$2,016
Operating income:
$2,632 $31,584

Operating Expenses


% Rent Monthly Yearly
Property taxes: (19%)
19%-$539-$6,463
Insurance: (7%)
7%-$196-$2,352
Property management: (8%)
8%-$224-$2,688
Repairs & maintenance: (5%)
5%-$140-$1,680
Capital expenditures: (5%)
5%-$140-$1,680
HOA fees: (4%)
4%-$111-$1,332
Total operating expenses: (48%)
48%-$1,350-$16,195

Cash Flow


Monthly Yearly
Net operating income:
$1,282 $15,384
Mortgage payments:
-$2,761 -$33,132
Cash flow:
$1,479 $17,748