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$619,900

For Sale - Active
4058 Centavo Ct, Hernando Beach, FL 34607
4 Beds
3 Baths
1,608 Square Feet
0.10 Acres Lot
Built in 1986
For Sale - Active
1 Units
Checked: 11 hours ago
Updated: Jun 08, 2025 at 03:25AM

Investment Summary


Monthly Cash Flow
-$1,454
Cap Rate
3.5%
Cash-on-Cash Return
-12.2%
Debt Coverage Ratio
0.55
Internal Rate of Return (5 years)
-7.8%

Property Description


0.10 Acres Lot
Built in 1986
For Sale - Active
1 Units

Perfect for Avid FISHERMEN & BOATERS.. Come See this Beautiful WATERFRONT 4 Bedroom 3 Bathroom Home. As you step into your backyard, you'll be welcomed by a composite deck and dock equipped with a 2018 10K lb boat lift! Enjoy your own fish cleaning station, complete with shore water and power, making your days on the water seamless and enjoyable. Picture yourself soaking up the sun as Pelicans, Dolphins, and Manatees grace your shoreline ... this vibrant ecosystem is just beyond your door! With covered and open areas, your backyard is designed for memorable barbecues and family gatherings. Whether you're hosting friends or enjoying quiet evenings watching the sunset, this outdoor space invites relaxation and fun. Additionally, the ASSUMABLE FLOOD INSURANCE which is just $697 per YEAR for the current owners + an Estimate of $1,992 per year for Homeowner's & Wind Insurance is a fantastic perk that is very affordable plus adds peace of mind to this Coastal Paradise. Three (3) Story Key West style home impresses with its open floor plan and soaring 17' vaulted ceilings that create a sense of spaciousness and light. The remodeled kitchen (2017) boasts contemporary cabinets with stylish tubular handles, soft-close drawers, stunning granite countertops, and stainless steel appliances. Whether you're a culinary enthusiast or enjoy casual dining at the breakfast bar, this kitchen is very pleasant for all. The expansive Great Room features a wall of windows, allowing natural light to flood the space, merging indoor elegance with the breathtaking beauty of nature outside. This home is not only beautifully designed but meticulously maintained. Recent updates include a 2008 metal roof with over 30 years of remaining life (per the 2024 Four Point Inspection), a 2018 HVAC system with a 10-year home warranty, a 2019 electrical panel box, and a 2021 water heater. Downstairs offers Storage plus a Carport & Level 2 EV Charger. Located in the charming coastal community of Hernando Beach, you'll have access to delightful restaurants, marinas, and cozy coffee shops. Enjoy nearby recreational activities, including the 16 Lake Preserve, which features biking and walking trails, as well as easy access to the famous Weeki Wachee River. For investors, this neighborhood also allows short-term rentals, offering a wonderful opportunity to capitalize on the thriving tourism in the area. Don't miss your chance to own this remarkable waterfront home where every day feels like a vacation. The current owners have cherished every moment in this beautiful home but are ready to pass it on to someone who will love it just as much. Contact us today to schedule your private tour and embrace the lifestyle you've always dreamed of!

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Location


Property Details


Parking

  • Description: Covered
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Total): 3.0

Interior Features

  • # of Rooms: 6
  • # of Stories: 3

Exterior Features

  • Exterior Walls Materials: Siding (Alum/Vinyl)
  • Roof Type: Gable or Hip
  • Roof Material: Metal

Land Information

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

Lot Information

  • Parcel ID: R1322316232009500220
  • Lot Size: 4233 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 1986

Tax Information

  • Annual Tax: $1,679

Utilities

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

Location

  • County: Hernando

Listing Details


Listed by:
Sharie Oakland
RE/MAX ALLIANCE GROUP
(352) 584-5026

Source:
Stellar MLS
MLS#: W7873887
Stellar MLS

Investment Summary


Monthly Cash Flow
-$1,454
Cap Rate
3.5%
Cash-on-Cash Return
-12.2%
Debt Coverage Ratio
0.55
Internal Rate of Return (5 years)
-7.8%

Purchase Details

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Purchase price:
$619,900
Amount financed:
-$495,920
Down payment:
$123,980
Closing costs:
$18,597
Rehab costs:
$0
Initial cash invested:
$142,577
Square feet:
1,608
Cost per square foot:
$386
Monthly rent per square foot:
$1.74

Financing Details

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Loan amount:
$495,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.840%
Principal & interest:
$3,246
Property tax:
$140
Insurance:
$196
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,582

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: (5%)
5%-$140-$1,679
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: (n/a)
n/an/an/a
Total operating expenses: (30%)
30%-$840-$10,079

Cash Flow


Monthly Yearly
Net operating income:
$1,792 $21,504
Mortgage payments:
-$3,246 -$38,952
Cash flow:
$1,454 $17,448