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$399,000

For Sale - Active
6741 Northlake Dr, Zephyrhills, FL 33542
3 Beds
2 Baths
2,472 Square Feet
0.29 Acres Lot
Built in 1996
For Sale - Active
Units n/a
Checked: 43 minutes ago
Updated: Jun 27, 2025 at 03:17AM

Investment Summary


Monthly Cash Flow
-$1,139
Cap Rate
2.8%
Cash-on-Cash Return
-14.9%
Debt Coverage Ratio
0.45
Internal Rate of Return (5 years)
-10.4%

Property Description


0.29 Acres Lot
Built in 1996
For Sale - Active
Units n/a

One or more photo(s) has been virtually staged. Charming 3-Bedroom, 2-Bath Home in Silver Oaks! This Move-In Ready Home with a newly installed AC & roof has long-term value! This home did not sustain any flooding during the recent hurricane season, offering peace of mind for future homeowners. Step inside to find stunning wood floors and cathedral ceilings that add warmth and character to the space. With two spacious living areas, this home is perfect for relaxing or entertaining guests. The large, air-conditioned sunroom provides another comfortable year-round retreat to enjoy Florida’s sunshine in comfort. A newly installed AC & roof adds long-term value, while the paver driveway and screened-in paver patio enhance curb appeal and provide fantastic outdoor living space. Unwind on your back patio as you take in the serene fairway views, creating a picturesque backdrop for your daily life. Additional highlights include: Professionally landscaped yard for added beauty and privacy. Gutters with a French drain system to protect your home. Termite bait stations with a transferable warranty for peace of mind. Spacious, screened-in paver patio in the private backyard. This move-in-ready home offers the perfect balance of charm, comfort, and opportunity to add your personal touches. Don’t miss out on this gem in Silver Oaks!

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Location


Property Details


Parking

  • Description: Garage
  • Details: Attached
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

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

Interior Features

  • # of Rooms: 4
  • # of Stories: 1

Exterior Features

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

HOA

  • Has HOA: Yes
  • Association: Silver Oaks COA - Associa Gulf Coast
  • HOA Fee: $225/quarterly

Land Information

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

Lot Information

  • Parcel ID: 0326210150000000130
  • Lot Size: 12445 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 1996

Tax Information

  • Annual Tax: $6,812

Utilities

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

Location

  • County: Pasco

Listing Details


Listed by:
Christine Hall
BINGHAM REALTY INC
(352) 534-4704

Source:
Stellar MLS
MLS#: W7872685
Stellar MLS

Investment Summary


Monthly Cash Flow
-$1,139
Cap Rate
2.8%
Cash-on-Cash Return
-14.9%
Debt Coverage Ratio
0.45
Internal Rate of Return (5 years)
-10.4%

Purchase Details

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Purchase price:
$399,000
Amount financed:
-$319,200
Down payment:
$79,800
Closing costs:
$11,970
Rehab costs:
$0
Initial cash invested:
$91,770
Square feet:
2,472
Cost per square foot:
$161
Monthly rent per square foot:
$0.93

Financing Details

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Loan amount:
$319,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.810%
Principal & interest:
$2,083
Property tax:
$568
Insurance:
$161
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,812

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: (25%)
25%-$568-$6,812
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: (3%)
3%-$75-$900
Total operating expenses: (53%)
53%-$1,218-$14,612

Cash Flow


Monthly Yearly
Net operating income:
$944 $11,328
Mortgage payments:
-$2,083 -$24,996
Cash flow:
$1,139 $13,668