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$249,900

For Sale - Active
3365 S Crossbill Loop, Inverness, FL 34450
2 Beds
2 Baths
1,522 Square Feet
0.26 Acres Lot
Built in 1989
For Sale - Active
3 Units
Checked: 23 hours ago
Updated: Jul 18, 2025 at 06:25AM

Investment Summary


Monthly Cash Flow
$300
Cap Rate
7.6%
Cash-on-Cash Return
6.3%
Debt Coverage Ratio
1.23
Internal Rate of Return (5 years)
10.1%

Property Description


0.26 Acres Lot
Built in 1989
For Sale - Active
3 Units

Welcome to this beautifully renovated 2-bedroom, 2-bathroom home nestled in a quiet, well-kept neighborhood in charming Inverness, FL. With 1,522 square feet of living space, this move-in ready home offers modern comfort and style throughout. Enjoy fresh paint, updated flooring, and a spacious kitchen featuring newer stainless steel appliances (2024). The bright and airy Florida Room is perfect for relaxing or entertaining guests while taking in the peaceful surroundings. A newer roof (2024) and included washer and dryer (2024) add extra value and peace of mind. Best of all, there’s no HOA, giving you the ultimate freedom to enjoy your property without restrictions. Don’t miss your chance to own this inviting and updated home in a serene Florida setting!

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Location


Property Details


Parking

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

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

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

Interior Features

  • # of Rooms: 3
  • # of Stories: 1

Exterior Features

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

Land Information

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

Lot Information

  • Parcel ID: 20E19S260130000B0016.0
  • Lot Size: 11367 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 1989

Tax Information

  • Annual Tax: $3,395

Utilities

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

Location

  • County: Citrus

Listing Details


Listed by:
Matt Buttner
LIST NOW REALTY, LLC
(352) 385-7636

Source:
Stellar MLS
MLS#: G5098225
Stellar MLS

Investment Summary


Monthly Cash Flow
$300
Cap Rate
7.6%
Cash-on-Cash Return
6.3%
Debt Coverage Ratio
1.23
Internal Rate of Return (5 years)
10.1%

Purchase Details

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Purchase price:
$249,900
Amount financed:
-$199,920
Down payment:
$49,980
Closing costs:
$7,497
Rehab costs:
$0
Initial cash invested:
$57,477
Square feet:
1,522
Cost per square foot:
$164
Monthly rent per square foot:
$1.77

Financing Details

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Loan amount:
$199,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$1,280
Property tax:
$283
Insurance:
$189
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,752

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,700 $32,400
Vacancy loss: (6%)
6% -$162 -$1,944
Operating income:
$2,538 $30,456

Operating Expenses


% Rent Monthly Yearly
Property taxes: (10%)
10%-$283-$3,396
Insurance: (7%)
7%-$189-$2,268
Property management: (8%)
8%-$216-$2,592
Repairs & maintenance: (5%)
5%-$135-$1,620
Capital expenditures: (5%)
5%-$135-$1,620
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (35%)
35%-$958-$11,496

Cash Flow


Monthly Yearly
Net operating income:
$1,580 $18,960
Mortgage payments:
-$1,280 -$15,360
Cash flow:
$300 $3,600