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$539,000

For Sale - Active
5024 SW 114th Street Rd, Ocala, FL 34476
3 Beds
3 Baths
2,652 Square Feet
0.46 Acres Lot
Built in 2017
For Sale - Active
1 Units
Checked: 1 day ago
Updated: Jul 11, 2025 at 03:28AM

Investment Summary


Monthly Cash Flow
-$1,356
Cap Rate
3.1%
Cash-on-Cash Return
-13.1%
Debt Coverage Ratio
0.51
Internal Rate of Return (5 years)
-8.7%

Property Description


0.46 Acres Lot
Built in 2017
For Sale - Active
1 Units

Gorgeous custom built 3/3/2 home PLUS OFFICE on .46 acre in SW Marco Polo Village II/Kingsland! Great curb appeal with grand double door entry! Light & bright! IMMACULATE AND MOVE-IN READY! Spacious home with 2652 ft and high ceilings! Formal living room with lanai access and formal dining room. Beautiful kitchen with breakfast bar, eat in nook, SS appliances, pantry, and plenty of custom cabinets and granite counters. Large family room. Office has French doors and closet ~ can be a 4th bedroom. Split bedroom plan. Amazing primary suite with tray ceiling, lanai access, TWO walk-in closets, tiled walk-in shower, jetted tub, dual granite vanities, linen closet, and water closet. THREE bathrooms. Inside laundry includes washer/dryer, sink, and more storage. Covered lanai overlooks HUGE backyard (almost HALF ACRE)! Excellent location convenient to shopping, dining, medical, entertainment, WEC, and I-75!

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Location


Property Details


Parking

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

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

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

Interior Features

  • # of Rooms: 10
  • # of Stories: 1

Exterior Features

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

HOA

  • Has HOA: Yes
  • Association: Vine Management
  • HOA Fee: $18/monthly

Land Information

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

Lot Information

  • Parcel ID: 3506007020
  • Lot Size: 20038 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 2017

Tax Information

  • Annual Tax: $4,455

Utilities

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

Location

  • County: Marion

Listing Details


Listed by:
Cynthia Kauffman
SOUTHERN ASSOCIATES REALTY LLC
(352) 461-1038

Source:
Stellar MLS
MLS#: OM703608
Stellar MLS

Investment Summary


Monthly Cash Flow
-$1,356
Cap Rate
3.1%
Cash-on-Cash Return
-13.1%
Debt Coverage Ratio
0.51
Internal Rate of Return (5 years)
-8.7%

Purchase Details

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Purchase price:
$539,000
Amount financed:
-$431,200
Down payment:
$107,800
Closing costs:
$16,170
Rehab costs:
$0
Initial cash invested:
$123,970
Square feet:
2,652
Cost per square foot:
$203
Monthly rent per square foot:
$0.98

Financing Details

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Loan amount:
$431,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$2,761
Property tax:
$371
Insurance:
$182
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,314

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,600 $31,200
Vacancy loss: (6%)
6% -$156 -$1,872
Operating income:
$2,444 $29,328

Operating Expenses


% Rent Monthly Yearly
Property taxes: (14%)
14%-$371-$4,455
Insurance: (7%)
7%-$182-$2,184
Property management: (8%)
8%-$208-$2,496
Repairs & maintenance: (5%)
5%-$130-$1,560
Capital expenditures: (5%)
5%-$130-$1,560
HOA fees: (1%)
1%-$18-$216
Total operating expenses: (40%)
40%-$1,039-$12,471

Cash Flow


Monthly Yearly
Net operating income:
$1,405 $16,860
Mortgage payments:
-$2,761 -$33,132
Cash flow:
$1,356 $16,272