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$525,000

For Sale - Active
6757 High Grove Dr, Lakeland, FL 33813
4 Beds
3 Baths
2,583 Square Feet
0.30 Acres Lot
Built in 2004
For Sale - Active
1 Units
Checked: 11 hours ago
Updated: Jul 14, 2025 at 05:15AM

Investment Summary


Monthly Cash Flow
-$862
Cap Rate
4.2%
Cash-on-Cash Return
-8.6%
Debt Coverage Ratio
0.68
Internal Rate of Return (5 years)
-4.3%

Property Description


0.30 Acres Lot
Built in 2004
For Sale - Active
1 Units

Welcome to your new home in one of Southeast Lakeland’s favorite gated communities! With 4 bedrooms, 3 full baths, and 2,583 square feet of living space, this beautiful home has room for everyone—and then some. Plus, it comes with a newer roof (just 5 years old) and a brand-new A/C system that’s only 6 months old! Inside, you’ll love the bright, spacious layout filled with natural light and a smart split-bedroom floor plan for added privacy. The kitchen has everything you need—granite countertops, tons of cabinet space, a built-in desk, closet pantry, and a cozy eat-in area. The primary suite is a true retreat, featuring a large bedroom and a spa-like en suite with double vanities, a walk-in shower, garden tub, and private water closet. The additional bedrooms are generously sized, and one of the three full baths conveniently opens directly to the pool. Step outside to your private backyard oasis—a screened-in, in-ground pool with an electric heater, surrounded by a large shaded yard that’s perfect for relaxing or entertaining. An irrigation system keeps the lawn lush and green. And don’t forget the spacious inside laundry room—complete with a utility tub to make chores just a little easier. This home truly has it all—space, updates, and a location you'll love. Come see it for yourself and fall in love!

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Location


Property Details


Parking

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

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

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

Interior Features

  • # of Rooms: 8
  • # of Stories: 1

Exterior Features

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

HOA

  • Has HOA: Yes
  • Association: Shelby McSwain
  • HOA Fee: $484/annually

Land Information

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

Lot Information

  • Parcel ID: 242921287011000370
  • Lot Size: 12972 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Traditional
  • Year Built: 2004

Tax Information

  • Annual Tax: $4,093

Utilities

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

Location

  • County: Polk

Listing Details


Listed by:
Becky Lane
REMAX EXPERTS
(863) 602-8605

Source:
Stellar MLS
MLS#: L4953769
Stellar MLS

Investment Summary


Monthly Cash Flow
-$862
Cap Rate
4.2%
Cash-on-Cash Return
-8.6%
Debt Coverage Ratio
0.68
Internal Rate of Return (5 years)
-4.3%

Purchase Details

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Purchase price:
$525,000
Amount financed:
-$420,000
Down payment:
$105,000
Closing costs:
$15,750
Rehab costs:
$0
Initial cash invested:
$120,750
Square feet:
2,583
Cost per square foot:
$203
Monthly rent per square foot:
$1.24

Financing Details

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Loan amount:
$420,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$2,689
Property tax:
$341
Insurance:
$224
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,254

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,200 $38,400
Vacancy loss: (6%)
6% -$192 -$2,304
Operating income:
$3,008 $36,096

Operating Expenses


% Rent Monthly Yearly
Property taxes: (11%)
11%-$341-$4,094
Insurance: (7%)
7%-$224-$2,688
Property management: (8%)
8%-$256-$3,072
Repairs & maintenance: (5%)
5%-$160-$1,920
Capital expenditures: (5%)
5%-$160-$1,920
HOA fees: (1%)
1%-$40-$480
Total operating expenses: (37%)
37%-$1,181-$14,174

Cash Flow


Monthly Yearly
Net operating income:
$1,827 $21,924
Mortgage payments:
-$2,689 -$32,268
Cash flow:
$862 $10,344