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$399,900

For Sale - Active
4964 Cedarbrook Ln, Hernando Beach, FL 34607
2 Beds
2 Baths
1,605 Square Feet
0.21 Acres Lot
Built in 1961
For Sale - Active
1 Units
Checked: 14 hours ago
Updated: Jun 13, 2025 at 04:25AM

Investment Summary


Monthly Cash Flow
-$152
Cap Rate
5.7%
Cash-on-Cash Return
-2.0%
Debt Coverage Ratio
0.93
Internal Rate of Return (5 years)
2.1%

Property Description


0.21 Acres Lot
Built in 1961
For Sale - Active
1 Units

Find Your Paradise at 4964 Cedarbrook Ln, nestled in the heart of Hernando Beach—a canal-front retreat where every day feels like a vacation. This coastal gem is more than just a home; it’s a lifestyle. Perfectly positioned with direct access to the Gulf of Mexico, this 2-bedroom, 2-bathroom beauty has been thoughtfully remodeled to blend modern luxury with laid-back waterfront charm. From the moment you step inside, you’ll feel the coastal elegance with sleek ceramic tile flooring throughout—stylish, practical, and perfect for sandy feet. The brand-new kitchen is ready to inspire your inner chef with dazzling granite countertops, stainless steel appliances, and abundant cabinetry. Whether you’re entertaining friends or preparing a quiet meal, it’s all here. Kick back in the spacious Florida room, ideal for relaxing or hosting guests, or sip morning coffee in the screened lanai as the sun rises over the canal. Your backyard is a private sanctuary—complete with a fire pit for cozy nights and a private dock for spontaneous boat days or sunset cruises out to the Gulf. With a new roof, new AC, and new water heater, this home offers worry-free, low-maintenance living—so you can focus on what really matters: soaking up the sun and the salty breeze. Whether you're seeking a weekend getaway or a full-time escape, this is where your coastal dream begins. Find your paradise at 4964 Cedarbrook Ln—where life flows a little slower, and the Gulf is just a boat ride away.

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Location


Property Details


Parking

  • Description: Carport
  • Details: Off Street, Parking Pad, RV Carport, RV Access/Parking
  • Garage Spaces: 0
  • 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
  • Fireplace: Yes

Exterior Features

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

Land Information

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

Lot Information

  • Parcel ID: R1222316189001000190
  • Lot Size: 9000 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 1961

Tax Information

  • Annual Tax: $6,225

Utilities

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

Location

  • County: Hernando

Listing Details


Listed by:
Carolyn Shoop
MCLEOD REAL ESTATE
(352) 652-3640

Source:
Stellar MLS
MLS#: W7873799
Stellar MLS

Investment Summary


Monthly Cash Flow
-$152
Cap Rate
5.7%
Cash-on-Cash Return
-2.0%
Debt Coverage Ratio
0.93
Internal Rate of Return (5 years)
2.1%

Purchase Details

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Purchase price:
$399,900
Amount financed:
-$319,920
Down payment:
$79,980
Closing costs:
$11,997
Rehab costs:
$0
Initial cash invested:
$91,977
Square feet:
1,605
Cost per square foot:
$249
Monthly rent per square foot:
$2.18

Financing Details

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Loan amount:
$319,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$2,048
Property tax:
$519
Insurance:
$245
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,812

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,500 $42,000
Vacancy loss: (6%)
6% -$210 -$2,520
Operating income:
$3,290 $39,480

Operating Expenses


% Rent Monthly Yearly
Property taxes: (15%)
15%-$519-$6,225
Insurance: (7%)
7%-$245-$2,940
Property management: (8%)
8%-$280-$3,360
Repairs & maintenance: (5%)
5%-$175-$2,100
Capital expenditures: (5%)
5%-$175-$2,100
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (40%)
40%-$1,394-$16,725

Cash Flow


Monthly Yearly
Net operating income:
$1,896 $22,752
Mortgage payments:
-$2,048 -$24,576
Cash flow:
$152 $1,824