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$370,000

For Sale - Active
416 Durham Shore Ct, Apollo Beach, FL 33572
3 Beds
2 Baths
2,062 Square Feet
0.13 Acres Lot
Built in 2006
For Sale - Active
1 Units
Checked: 4 hours ago
Updated: Jun 19, 2025 at 03:14AM

Investment Summary


Monthly Cash Flow
-$826
Cap Rate
3.6%
Cash-on-Cash Return
-11.6%
Debt Coverage Ratio
0.57
Internal Rate of Return (5 years)
-7.3%

Property Description


0.13 Acres Lot
Built in 2006
For Sale - Active
1 Units

Welcome to this beautifully maintained 3-bedroom, 2-bath home located in the desirable gated community of Braemar, with a pond view and priced to sell! With a bright, airy feel and a thoughtfully designed open floorplan, this home offers the perfect balance of comfort and style. Vaulted ceilings enhance the sense of space, making the home feel both spacious and cozy. Just off the entryway, you'll find a flex room with elegant French doors—ideal for a home office, den, playroom, or creative space. Perfect for entertaining, the home features a formal dining room, an eat-in kitchen with room for a full dining set, and a convenient breakfast bar for casual meals or gatherings. The large kitchen will impress any home chef with its gas cooktop, Corian countertops, and abundant cabinet space. It seamlessly connects to the living areas, making it the heart of the home. The primary suite is a peaceful retreat, featuring a walk-in closet, dual sinks, a vanity counter, a garden tub, a separate stand-up shower, and a private water closet. Two additional spacious bedrooms and a full second bath provide comfort for family or guests. Step outside to one of the home’s best features: a screened-in back patio with stunning open pond views and no rear neighbors—accessible from both the great room (via sliding pocket doors) and the primary suite. Imagine waking up to tranquil water views every morning! Additional highlights include a two-car garage, and all the benefits of living in a secure, beautifully maintained community. This home has it all—space, style, and a prime location—and it’s priced to sell. Don’t miss out—schedule your private showing today!

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Location


Property Details


Parking

  • Description: Garage
  • Details: Driveway, 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: 7
  • # of Stories: 1

Exterior Features

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

HOA

  • Has HOA: Yes
  • Association: Terry Stubb
  • HOA Fee: $135/monthly

Land Information

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

Lot Information

  • Parcel ID: U32311972XC00000000260
  • Lot Size: 5500 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 2006

Tax Information

  • Annual Tax: $5,809

Utilities

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

Location

  • County: Hillsborough

Listing Details


Listed by:
Bobbi Cheng Rhee
KELLER WILLIAMS SOUTH TAMPA
(201) 638-9310

Source:
Stellar MLS
MLS#: TB8378313
Stellar MLS

Investment Summary


Monthly Cash Flow
-$826
Cap Rate
3.6%
Cash-on-Cash Return
-11.6%
Debt Coverage Ratio
0.57
Internal Rate of Return (5 years)
-7.3%

Purchase Details

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Purchase price:
$370,000
Amount financed:
-$296,000
Down payment:
$74,000
Closing costs:
$11,100
Rehab costs:
$0
Initial cash invested:
$85,100
Square feet:
2,062
Cost per square foot:
$179
Monthly rent per square foot:
$1.21

Financing Details

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Loan amount:
$296,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.810%
Principal & interest:
$1,932
Property tax:
$484
Insurance:
$175
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,591

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,500 $30,000
Vacancy loss: (6%)
6% -$150 -$1,800
Operating income:
$2,350 $28,200

Operating Expenses


% Rent Monthly Yearly
Property taxes: (19%)
19%-$484-$5,810
Insurance: (7%)
7%-$175-$2,100
Property management: (8%)
8%-$200-$2,400
Repairs & maintenance: (5%)
5%-$125-$1,500
Capital expenditures: (5%)
5%-$125-$1,500
HOA fees: (5%)
5%-$135-$1,620
Total operating expenses: (50%)
50%-$1,244-$14,930

Cash Flow


Monthly Yearly
Net operating income:
$1,106 $13,272
Mortgage payments:
-$1,932 -$23,184
Cash flow:
$826 $9,912