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$379,000

For Sale - Active
4813 Michelle Ln, Palm Harbor, FL 34684
2 Beds
2 Baths
1,234 Square Feet
0.05 Acres Lot
Built in 2011
For Sale - Active
1 Units
Checked: 1 day ago
Updated: Jul 19, 2025 at 06:18AM

Investment Summary


Monthly Cash Flow
-$835
Cap Rate
3.5%
Cash-on-Cash Return
-11.5%
Debt Coverage Ratio
0.57
Internal Rate of Return (5 years)
-7.1%

Property Description


0.05 Acres Lot
Built in 2011
For Sale - Active
1 Units

Enjoy breathtaking pond views and the gentle serenade of a huge water feature! This one-level, 2-bedroom, 2-bathroom villa-style, attached, single family home with a 2-car garage is a hidden Palm Harbor gem. Nestled in the exclusive Tarpon Ridge community, this home exudes charm with its architectural flair and contemporary sophistication. You'll be wowed by the soaring ceilings and an abundance of natural light pouring through transom windows. The open-concept kitchen is everything you have dreamed of, featuring ample counter space, a breakfast bar, under-cabinet lighting, and a built-in pantry with pull-out shelves. The well-appointed laundry room and spacious storage closet are conveniently located between the kitchen and the garage, making wash day a breeze. Retreat to the primary bedroom, with a large picture window, complete with a walk-in closet and an en-suite bathroom with a sleek shower. The second bedroom is equally delightful, with easy access to a thoughtfully equipped bathroom showcasing a luxurious Safe Step walk-in jetted tub, ideal for those much-needed therapeutic soaks. Tarpon Ridge is a gated community, offering a maintenance-free lifestyle (no lawn to mow, no roof or exterior painting to worry about). Lounge like royalty at the sparkling community pool. The location is unbeatable, placing you close to the finest of Palm Harbor and the historic charm of Tarpon Springs. Don't miss out on this rare opportunity to own a villa within this townhouse community! Schedule a showing today. What are you waiting for?

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Location


Property Details


Parking

  • Description: Attached Garage
  • Details: Driveway, Garage Door Opener, Guest, 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: 6
  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Masonry
  • Foundation: Slab
  • Roof Material: Tile

HOA

  • Has HOA: Yes
  • Association: Sentry Management/Chad Mueller
  • HOA Fee: $320/monthly

Land Information

  • Land Use: Residential
  • Land Use Subtype: Planned Unit Development

Lot Information

  • Parcel ID: 192716899250100040
  • Lot Size: 2158 sqft

Property Information

  • Property Type: Townhouse
  • Style: Florida
  • Year Built: 2011

Tax Information

  • Annual Tax: $1,931

Utilities

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

Location

  • County: Pinellas

Listing Details


Listed by:
Annette Lawrence
BLAKE REAL ESTATE INC
(727) 420-4041

Source:
Stellar MLS
MLS#: TB8356447
Stellar MLS

Investment Summary


Monthly Cash Flow
-$835
Cap Rate
3.5%
Cash-on-Cash Return
-11.5%
Debt Coverage Ratio
0.57
Internal Rate of Return (5 years)
-7.1%

Purchase Details

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Purchase price:
$379,000
Amount financed:
-$303,200
Down payment:
$75,800
Closing costs:
$11,370
Rehab costs:
$0
Initial cash invested:
$87,170
Square feet:
1,234
Cost per square foot:
$307
Monthly rent per square foot:
$1.86

Financing Details

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Loan amount:
$303,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$1,941
Property tax:
$161
Insurance:
$161
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,263

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,300 $27,600
Vacancy loss: (6%)
6% -$138 -$1,656
Operating income:
$2,162 $25,944

Operating Expenses


% Rent Monthly Yearly
Property taxes: (7%)
7%-$161-$1,931
Insurance: (7%)
7%-$161-$1,932
Property management: (8%)
8%-$184-$2,208
Repairs & maintenance: (5%)
5%-$115-$1,380
Capital expenditures: (5%)
5%-$115-$1,380
HOA fees: (14%)
14%-$320-$3,840
Total operating expenses: (46%)
46%-$1,056-$12,671

Cash Flow


Monthly Yearly
Net operating income:
$1,106 $13,272
Mortgage payments:
-$1,941 -$23,292
Cash flow:
$835 $10,020