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$324,000

For Sale - Active
612 Chicago Way, Dundee, FL 33838
4 Beds
2 Baths
1,730 Square Feet
0.27 Acres Lot
Built in 2014
For Sale - Active
1 Units
Checked: 8 hours ago
Updated: Jul 23, 2025 at 07:23AM

Investment Summary


Monthly Cash Flow
-$326
Cap Rate
4.9%
Cash-on-Cash Return
-5.2%
Debt Coverage Ratio
0.80
Internal Rate of Return (5 years)
-1.1%

Property Description


0.27 Acres Lot
Built in 2014
For Sale - Active
1 Units

This beautiful 4 bedroom 2 bath family home is nestled on a premium 1/4 acre corner lot. From the double door entrance to the expansive yard, you are going to love everything about this home. The floor plan starts with a grand foyer entrance that sets the stage for this exceptional home. Off of the foyer is a flex room that could be utilized as a spare bedroom, home office or den. Beautiful, easy-care ceramic tile runs throughout the entire home. No carpet here! The kitchen and living spaces are open concept that makes entertaining convenient and day-to-day living comfortable. The large eat in kitchen offers lots of cabinetry and counter space, large center island and large pantry. The great room has vaulted ceilings, interesting architectural features and sliders that open out to an enclosed patio. The present owner has done an amazing job with adding farm-style paneling to accent walls in the kitchen and living space adding a lot of texture and interest to the home. The master bedroom is a beautiful retreat with a full master unsuited that features a double sink vanity, walk-in closet and a "roll-in" tiled shower. The two secondary bedrooms are a nice size and both feature walk-in closets. The laundry room is inside and located conveniently off of the kitchen. Outside is an oasis with beautiful decking where you can sun bathe or star gaze. There is lots of room for the little ones and pets to romp and play, plant a garden or have cookouts! Don't miss your opportunity to view this home that offers something for everyone! Qualified buyers may obtain 100% financing on this USDA eligible home.

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Location


Property Details


Parking

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

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 9
  • # of Stories: 1

Exterior Features

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

HOA

  • Has HOA: Yes
  • Association: Garrison Land/Ronan McDonald
  • HOA Fee: $400/annually

Land Information

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

Lot Information

  • Parcel ID: 272827835824000320
  • Lot Size: 11818 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 2014

Tax Information

  • Annual Tax: $2,640

Utilities

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

Location

  • County: Polk

Listing Details


Listed by:
Emmy Lee Rodriguez
SIGNATURE REALTY ASSOCIATES
(863) 440-4092

Source:
Stellar MLS
MLS#: TB8314975
Stellar MLS

Investment Summary


Monthly Cash Flow
-$326
Cap Rate
4.9%
Cash-on-Cash Return
-5.2%
Debt Coverage Ratio
0.80
Internal Rate of Return (5 years)
-1.1%

Purchase Details

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Purchase price:
$324,000
Amount financed:
-$259,200
Down payment:
$64,800
Closing costs:
$9,720
Rehab costs:
$0
Initial cash invested:
$74,520
Square feet:
1,730
Cost per square foot:
$187
Monthly rent per square foot:
$1.33

Financing Details

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Loan amount:
$259,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$1,660
Property tax:
$220
Insurance:
$161
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,041

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: (10%)
10%-$220-$2,640
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: (1%)
1%-$33-$396
Total operating expenses: (36%)
36%-$828-$9,936

Cash Flow


Monthly Yearly
Net operating income:
$1,334 $16,008
Mortgage payments:
-$1,660 -$19,920
Cash flow:
$326 $3,912