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$995,000

For Sale - Active
450 Andrews Dr, Longwood, FL 32750
5 Beds
4 Baths
4,281 Square Feet
0.48 Acres Lot
Built in 1977
For Sale - Active
Units n/a
Checked: 8 hours ago
Updated: Apr 28, 2025 at 03:32AM

Investment Summary


Monthly Cash Flow
-$1,007
Cap Rate
4.9%
Cash-on-Cash Return
-5.3%
Debt Coverage Ratio
0.80
Internal Rate of Return (5 years)
-1.1%

Property Description


0.48 Acres Lot
Built in 1977
For Sale - Active
Units n/a

Come See this Remarkable Traditional 2-Story Home Sitting on Nearly Half Acre with Views of Rolling Hills Community Park. Step Through the Double Glass Front Doors into a Foyer Entrance Highlighted by a Vaulted Ceiling. The Open Layout of the Family Room/Dining Room/Kitchen Creates a Perfect Space for Gatherings. The Updated Kitchen Features White Cabinetry, Oversized Island with Stunning Marble Counter Top, and Stainless Appliances including a Commercial-Sized Refrigerator, Range, Range Hood, Dishwasher and Wine Cooler. A Pass-Through Window Connecting the Kitchen to the Sunroom Adds to the Ease for Outdoor Entertaining. A Downstairs Office with Murphy Bed Offers Flexibility for Overnight Guests with an Updated Full Bath Just Steps Away. For Quieter Evenings there is a Living Room with a Decorative Fireplace. The Primary Suite Upstairs with a Lovely View Overlooking the Park and an En-Suite Bath Showcasing a Large Shower with Double Shower Heads, Double Vanities, Private Water Closet and a Walk In Closet with Closet Organizer. Additional Two Bedrooms and an Updated Full Hall Bath Upstairs. A Unique Feature of the Home is the In-Law Suite Above the Garage Accessed off the Billiard Room on Right Side of Home. The Versatile Space Includes a Living Space, Full Bedroom with Walk In Closet and Full Bathroom Offering Endless Possibilities. Attic Storage for Additional Storage Needs. Spacious Downstairs Laundry Room Boasts Additional Storage Space and Access to the Backyard. A 2 Car Side Entry Garage that's EV Ready with Door Openers and More Storage Space. Sliding Doors Off Kitchen Open to Sunroom/Exercise Room. Enjoy the Privacy of Your Backyard with Multiple Sitting Areas - Covered Brick Patio, Screened in Patio, Pergola Covered Dining Area and Firepit Area to Enjoy Evening Entertaining Overlooking the Yard. Conveniently Located with Easy Access to Major Thoroughfares, Shopping and Entertainment, this Home is a Rare Find. Schedule Your Visit Today!

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Location


Property Details


Parking

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

Bedroom Information

  • # of Bedrooms: 5

Bathroom Information

  • # of Baths (Full): 4
  • # of Baths (Total): 4.0

Interior Features

  • # of Rooms: 9
  • # of Stories: 2
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Combination
  • Foundation: Slab
  • Roof Type: Gable
  • Roof Material: Other, Shingle

Land Information

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

Lot Information

  • Parcel ID: 0121295CK320C0150
  • Lot Size: 21000 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Traditional
  • Year Built: 1977

Tax Information

  • Annual Tax: $3,911

Utilities

  • Water & Sewer: Private, Well
  • Heating: Central, Electric, Zoned
  • Cooling: Central Air, Zoned

Location

  • County: Seminole

Listing Details


Listed by:
Maria Shreve
RE/MAX TOWN CENTRE
(407) 474-9961

Source:
Stellar MLS
MLS#: O6300607
Stellar MLS

Investment Summary


Monthly Cash Flow
-$1,007
Cap Rate
4.9%
Cash-on-Cash Return
-5.3%
Debt Coverage Ratio
0.80
Internal Rate of Return (5 years)
-1.1%

Purchase Details

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Purchase price:
$995,000
Amount financed:
-$796,000
Down payment:
$199,000
Closing costs:
$29,850
Rehab costs:
$0
Initial cash invested:
$228,850
Square feet:
4,281
Cost per square foot:
$232
Monthly rent per square foot:
$1.49

Financing Details

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Loan amount:
$796,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$5,097
Property tax:
$326
Insurance:
$448
Private mortgage insurance (PMI):
$0
Monthly payment:
$5,871

Operating Income

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% Rent Monthly Yearly
Gross rent:
$6,400 $76,800
Vacancy loss: (6%)
6% -$384 -$4,608
Operating income:
$6,016 $72,192

Operating Expenses


% Rent Monthly Yearly
Property taxes: (5%)
5%-$326-$3,912
Insurance: (7%)
7%-$448-$5,376
Property management: (8%)
8%-$512-$6,144
Repairs & maintenance: (5%)
5%-$320-$3,840
Capital expenditures: (5%)
5%-$320-$3,840
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (30%)
30%-$1,926-$23,112

Cash Flow


Monthly Yearly
Net operating income:
$4,090 $49,080
Mortgage payments:
-$5,097 -$61,164
Cash flow:
$1,007 $12,084