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$657,000

For Sale - Active
2867 Matera Dr, Saint Cloud, FL 34771
4 Beds
4 Baths
4,012 Square Feet
0.17 Acres Lot
Built in 2020
For Sale - Active
Units n/a
Checked: 1 day ago
Updated: Jul 22, 2025 at 11:06AM

Investment Summary


Monthly Cash Flow
-$1,659
Cap Rate
3.1%
Cash-on-Cash Return
-13.2%
Debt Coverage Ratio
0.51
Internal Rate of Return (5 years)
-8.8%

Property Description


0.17 Acres Lot
Built in 2020
For Sale - Active
Units n/a

REDUCED PRICE TO HELP YOU MAKE YOUR DREAM HOME A REALITY! This 2020 Pulte custom Mariner four-bedroom, three-and-a-half-bath home with a media room, family game room, ample storage space, and a built-in garage workshop is sure to exceed expectations. OVERSIZED WALK IN CLOSETS PANTRY AND WINE CELLAR - DOUBLE THE NORMAL CLOSET SPACE OF OTHER HOMES - 400 SQ FEET!!! Upon entering this one-owner home, you are greeted by a welcoming foyer with a barn wood accent wall and wide glass French doors leading to a spacious study. Past the stairs with custom wrought iron railing, you enter a large gathering room with a modern decorative electric fireplace and an oversized nine-paddle ceiling fan. The open café for formal dining and the extended granite bar offers additional seating for large gatherings. The kitchen boasts plenty of cabinets and granite counters that wrap around stainless steel appliances. A full walk-in pantry provides ample storage. The indoor laundry room includes additional cabinetry, a clothes folding and hanging area, and is well-lit and climate-controlled. Beyond the kitchen, en route to the three-car garage, is the “mud” room, perfect for storing shoes, jackets, and beachwear. The garage offers space for cars, bikes, or a small trailer boat, and includes a built-in workshop and storage. The under-stair storage room off the foyer can be used for holiday items or a pet area. A half bath and additional closet space are also conveniently located here. Upstairs, the home has two separate HVAC units, each controlled by its own digital thermostat. The family game room offers another gathering place for family and friends. The expansive master suite features many windows, an enormous shower, and a double vanity. Two secondary bedrooms share a bathroom with a tub shower, and each has a walk-in closet, windows with blinds, and top-quality ceiling fans. The third secondary bedroom has an en-suite bathroom with a shower, making it perfect for overnight guests. The media room upstairs, just off the family game room, is ideal for music, movies, and more, providing a private place to unwind. For those who enjoy sitting on the back porch during a summer thunderstorm, the covered bricked lanai offers private outdoor time in the six-foot-high vinyl-fenced backyard. There is enough space for pets, a flower/rock garden, or the option to design a personal backyard paradise with a private pool, spa, or outdoor gaming area.

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Location


Property Details


Parking

  • Description: Driveway, Garage Door Opener, Ground Level, Workshop in Garage
  • Details: Driveway, Garage Door Opener, Workshop in Garage, Attached
  • Garage Spaces: 3
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Partial): 1
  • # of Baths (Total): 4.0

Interior Features

  • # of Rooms: 12
  • # of Stories: 2
  • Fireplace: Yes

Exterior Features

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

HOA

  • Has HOA: Yes
  • Association: EDISON MGT/ SABRINA STEPHAN
  • HOA Fee: $110/monthly

Land Information

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

Lot Information

  • Parcel ID: 092531502100010170
  • Lot Size: 7200 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 2020

Tax Information

  • Annual Tax: $8,011

Utilities

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

Location

  • County: Osceola

Listing Details


Listed by:
David Good II
ROYAL REALTY REAL ESTATE, LLC
(407) 791-0120

Source:
Stellar MLS
MLS#: S5108877
Stellar MLS

Investment Summary


Monthly Cash Flow
-$1,659
Cap Rate
3.1%
Cash-on-Cash Return
-13.2%
Debt Coverage Ratio
0.51
Internal Rate of Return (5 years)
-8.8%

Purchase Details

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Purchase price:
$657,000
Amount financed:
-$525,600
Down payment:
$131,400
Closing costs:
$19,710
Rehab costs:
$0
Initial cash invested:
$151,110
Square feet:
4,012
Cost per square foot:
$164
Monthly rent per square foot:
$0.90

Financing Details

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Loan amount:
$525,600
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$3,365
Property tax:
$668
Insurance:
$252
Private mortgage insurance (PMI):
$0
Monthly payment:
$4,285

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,600 $43,200
Vacancy loss: (6%)
6% -$216 -$2,592
Operating income:
$3,384 $40,608

Operating Expenses


% Rent Monthly Yearly
Property taxes: (19%)
19%-$668-$8,011
Insurance: (7%)
7%-$252-$3,024
Property management: (8%)
8%-$288-$3,456
Repairs & maintenance: (5%)
5%-$180-$2,160
Capital expenditures: (5%)
5%-$180-$2,160
HOA fees: (3%)
3%-$110-$1,320
Total operating expenses: (47%)
47%-$1,678-$20,131

Cash Flow


Monthly Yearly
Net operating income:
$1,706 $20,472
Mortgage payments:
-$3,365 -$40,380
Cash flow:
$1,659 $19,908