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$318,000

For Sale - Active
3320 Lynrock Ave, Dundee, FL 33838
3 Beds
2 Baths
1,994 Square Feet
0.22 Acres Lot
Built in 2016
For Sale - Active
1 Units
Checked: 8 hours ago
Updated: Jun 19, 2025 at 03:19AM

Investment Summary


Monthly Cash Flow
-$617
Cap Rate
3.8%
Cash-on-Cash Return
-10.1%
Debt Coverage Ratio
0.62
Internal Rate of Return (5 years)
-5.8%

Property Description


0.22 Acres Lot
Built in 2016
For Sale - Active
1 Units

This home qualifies for NO DOWN PAYMENT! If qualified, you may also use the "Hands of Central Florida" program, as well as the Florida Bond Money Program! WHAT DOES THAT MEAN? It means you may qualify for up to $30,000.00 in Down Payment Assistance, as well as $6,000 in Grant Money towards Closing Costs! THERE'S MORE! This home has a 2 year old Solar System which will be PAID OFF at Closing. How Does That Benefit You? Your monthly Electric Bill will only be $35.00 a month! You Read That Correctly! In addition to the financial benefits, this home has a Water Softener and an Irrigation System. Additional features to this beautiful home are 3 bedrooms, a Bonus Space, and a formal Living Room that has been converted into an Office with an Interior Door making it easy to convert into a 4th bedroom if you need an extra bedroom. The Family Room has double sliding doors that opens onto the back patio and into the huge fenced in backyard. The open floor plan has an island in the Kitchen overlooking the Family Room, with additional eating space. This is a split floor plan for additional privacy, indoor laundry and a true 2 car garage. If you are looking for a family home... look no further!

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Location


Property Details


Parking

  • Description: Driveway, Garage Door Opener
  • Details: 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: Stucco
  • Foundation: Slab
  • Roof Type: Hip
  • Roof Material: Shingle

HOA

  • Has HOA: Yes
  • Association: Lindsey Chamblis
  • HOA Fee: $415/annually

Land Information

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

Lot Information

  • Parcel ID: 272826835302001210
  • Lot Size: 9727 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 2016

Tax Information

  • Annual Tax: $4,828

Utilities

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

Location

  • County: Polk

Listing Details


Listed by:
Debbie McCutcheon
PROPERTY SHOPPE OF CENTRAL FL
(863) 640-5286

Source:
Stellar MLS
MLS#: L4952059
Stellar MLS

Investment Summary


Monthly Cash Flow
-$617
Cap Rate
3.8%
Cash-on-Cash Return
-10.1%
Debt Coverage Ratio
0.62
Internal Rate of Return (5 years)
-5.8%

Purchase Details

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Purchase price:
$318,000
Amount financed:
-$254,400
Down payment:
$63,600
Closing costs:
$9,540
Rehab costs:
$0
Initial cash invested:
$73,140
Square feet:
1,994
Cost per square foot:
$159
Monthly rent per square foot:
$1.05

Financing Details

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Loan amount:
$254,400
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$1,629
Property tax:
$402
Insurance:
$147
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,178

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,100 $25,200
Vacancy loss: (6%)
6% -$126 -$1,512
Operating income:
$1,974 $23,688

Operating Expenses


% Rent Monthly Yearly
Property taxes: (19%)
19%-$402-$4,828
Insurance: (7%)
7%-$147-$1,764
Property management: (8%)
8%-$168-$2,016
Repairs & maintenance: (5%)
5%-$105-$1,260
Capital expenditures: (5%)
5%-$105-$1,260
HOA fees: (2%)
2%-$35-$420
Total operating expenses: (46%)
46%-$962-$11,548

Cash Flow


Monthly Yearly
Net operating income:
$1,012 $12,144
Mortgage payments:
-$1,629 -$19,548
Cash flow:
$617 $7,404