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$350,000

Sold
3018 Andover Ct, Mount Dora, FL 32757
2 Beds
2 Baths
1,522 Square Feet
0.10 Acres Lot
Built in 1997
Sold
1 Units
Checked: 12 hours ago
Updated: Jul 17, 2025 at 07:31AM

Investment Summary


Monthly Cash Flow
-$623
Cap Rate
4.0%
Cash-on-Cash Return
-9.3%
Debt Coverage Ratio
0.65
Internal Rate of Return (5 years)
-5.0%

Property Description


0.10 Acres Lot
Built in 1997
Sold
1 Units

ENJOY A CAREFREE LIFESTYLE WITH GOLF COURSE FRONTAGE IN THE COUNTRY CLUB OF MOUNT DORA! Andover Meadows is a charming and serene community of just 38 homes nestled along a picturesque tree-lined cul-de-sac within the Country Club of Mount Dora. Step into 3018 Andover Court, where you'll be greeted by an expansive living and dining area, featuring a vaulted ceiling and a delightful sunroom, all offering stunning views of the golf course. This bright and inviting space is perfect for entertaining family and friends. The heart of the home is the recently updated kitchen, designed for ease and enjoyment. With its granite countertops, new lower cabinets with convenient drawers, and modern stainless steel appliances, the kitchen is both beautiful and functional. The counter-height bar seamlessly connects the kitchen to the dining and living areas, making gatherings effortless and enjoyable. Just off the living area is a flex room with lovely French doors. Currently being utilized as an office, this space could be a third bedroom, playroom, craft room – the options are endless. The home boasts two bedrooms, perfectly situated on opposite sides for maximum privacy. The spacious primary suite offers breathtaking golf course views, dual walk-in closets, and a luxurious walk-in shower. On the other end, you'll find the secondary bedroom and guest bath, complete with a tub/shower combination. Throughout the home privacy is ensured by beautiful plantation shutters on all windows. This remarkable home has undergone numerous upgrades in recent years, ensuring worry-free living for its new owners. Enjoy new Pergo TimberCraft flooring except in baths and laundry (tile), a rescreened cage over the patio in 2020, a new HVAC system and gutters in 2021, a fresh exterior paint job in 2022, a stunning kitchen renovation in 2023, and a freshly painted interior with an epoxy-finished garage floor in 2024. Andover Meadows is part of CCMD’s uniform yard maintenance program, ensuring that the owners will relish a leisurely lifestyle. The Country Club of Mount Dora offers a challenging and well-designed 18-hole golf course, along with member-exclusive tennis and pickleball courts and a refreshing pool. The clubhouse, restaurant, pro shop, and golf facilities are open to the public, providing ample opportunities for socializing and recreation. Convenience meets excitement in this prime location! Located near grocery stores, schools, and hospitals, with effortless access to the 429 and 414 connectors, your journeys to Orlando, Sanford, Winter Garden, airports, and attractions are a breeze. For nature enthusiasts, you’re just a stone's throw away from pristine natural springs, the Wekiva Trail, and renowned bass fishing sites. Minutes from charming downtown Mount Dora, celebrated for its year-round festivals, delightful restaurants, and quaint shops, there's truly something here for everyone! Whether you're searching for your primary residence, a second home, or a lucrative investment property, this meticulously maintained home is ready for you to move in and enjoy. Welcome to carefree living at its finest!

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Location


Property Details


Parking

  • Description: Garage
  • Details: Attached
  • Garage Spaces: 1
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

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

Interior Features

  • # of Rooms: 6
  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Brick Veneer
  • Foundation: Slab
  • Roof Material: Shingle
  • Pool Community: Yes

HOA

  • Has HOA: Yes
  • Association: Jake Chamness
  • HOA Fee: $250/quarterly
  • Additional Association: Country Club of Mount Dora HOA

Land Information

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

Lot Information

  • Parcel ID: 201927152000B01000
  • Lot Size: 4495 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 1997

Tax Information

  • Annual Tax: $3,180

Utilities

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

Location

  • County: Lake

Listing Details


Listed by:
Kay Hill
UNITED REAL ESTATE PREFERRED
(352) 459-2522

Source:
Stellar MLS
MLS#: O6302067
Stellar MLS

Investment Summary


Monthly Cash Flow
-$623
Cap Rate
4.0%
Cash-on-Cash Return
-9.3%
Debt Coverage Ratio
0.65
Internal Rate of Return (5 years)
-5.0%

Purchase Details

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Purchase price:
$350,000
Amount financed:
-$280,000
Down payment:
$70,000
Closing costs:
$10,500
Rehab costs:
$0
Initial cash invested:
$80,500
Square feet:
1,522
Cost per square foot:
$230
Monthly rent per square foot:
$1.45

Financing Details

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Loan amount:
$280,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$1,793
Property tax:
$265
Insurance:
$154
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,212

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,200 $26,400
Vacancy loss: (6%)
6% -$132 -$1,584
Operating income:
$2,068 $24,816

Operating Expenses


% Rent Monthly Yearly
Property taxes: (12%)
12%-$265-$3,180
Insurance: (7%)
7%-$154-$1,848
Property management: (8%)
8%-$176-$2,112
Repairs & maintenance: (5%)
5%-$110-$1,320
Capital expenditures: (5%)
5%-$110-$1,320
HOA fees: (4%)
4%-$83-$996
Total operating expenses: (41%)
41%-$898-$10,776

Cash Flow


Monthly Yearly
Net operating income:
$1,170 $14,040
Mortgage payments:
-$1,793 -$21,516
Cash flow:
$623 $7,476