Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Copied
Photo
Copied
Photo
Photo
Photo
Photo
See all photos

$255,000

For Sale - Active
7120 N Croton Pt, Hernando, FL 34442
2 Beds
2 Baths
1,707 Square Feet
0.48 Acres Lot
Built in 1992
For Sale - Active
Units n/a
Checked: 24 hours ago
Updated: Jun 06, 2025 at 03:42AM

Investment Summary


Monthly Cash Flow
-$311
Cap Rate
4.7%
Cash-on-Cash Return
-6.4%
Debt Coverage Ratio
0.76
Internal Rate of Return (5 years)
-2.2%

Property Description


0.48 Acres Lot
Built in 1992
For Sale - Active
Units n/a

Welcome to 7120 N Croton Point, a beautifully maintained 2-bedroom, 2-bathroom home nestled in a serene Hernando community. Offering 1,707 square feet of comfortable living space on nearly half an acre (.48 acres), this property perfectly blends spaciousness with low-maintenance living. Step inside to discover a bright and airy floor plan with a vaulted ceiling that is perfectl for both relaxing and entertaining. The generous living areas flow effortlessly, while the two large bedrooms provide plenty of space for comfort . The home’s design emphasizes easy living, making it a perfect fit for anyone seeking peace and convenience. The home has been updated with LVP flooring throughout the living spaces and bedrooms and tile in the kitchen and dining room. The kitchen is large with plenty of counter space, cabinets, and has a bar with seating. Two sets of sliders take you to a large Florida room with windows all around that leads out to a patio with pavers. Beyond the patio, an expansive yard awaits, with large oak trees that provide a relaxing backdrop for outdoor gatherings or quiet moments of reflection. The outdoor fire pit will surely make for memorable evenings. The home has a new water heater (2023), new HVAC (2023), new ceiling fans, toilets, kitchen sink and faucet, LVP flooring, new master bathroom vanity and guest bathroom sink, and interior paint which were all completed in 2022. There is a shed in the backyard for storing all your landscaping equipment. The Quail Run community offers a clubhouse, generous sized pool, tennis courts that double as pickleball courts, shuffleboard and a nicely manicured picnic area. There are community potlucks and game nights during the week as well as men’s and women’s monthly luncheons to provide fellowship with your neighbors. With very low traffic you can feel safe to stroll through the neighborhood. Located in the heart of Hernando, you will also appreciate easy access to nearby parks, shopping, dining, and all the natural beauty Citrus County has to offer.

Build Your Team


Quickly find investor-friendly professionals who can help you succeed in real estate investing at any stage of the investing journey.

Agents

Match with investor-friendly agents who can help you find, analyze, and close your next deal

Find an Agent

Lenders

Get the best funding…find investor-friendly lenders who specialize in your deal strategy

Find a Lender

Property Managers

Transition to passive investing. Find a trusted property management partnership that lasts.

Find a Property Manager

Tax Pros & Accountants

Taxes and financial reporting made easy—find experts to create tax savings strategies, file taxes, and more

Find a Tax Pro

Location


Property Details


Parking

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

Exterior Features

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

HOA

  • Has HOA: Yes
  • Association: Sandee Emmons
  • HOA Fee: $50/monthly

Land Information

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

Lot Information

  • Parcel ID: 19E17S290050000B0039.0
  • Lot Size: 20736 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 1992

Tax Information

  • Annual Tax: $2,365

Utilities

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

Location

  • County: Citrus

Listing Details


Listed by:
Brian Sargent
ERA AMERICAN SUNCOAST REALTY
(352) 613-6852

Source:
Stellar MLS
MLS#: TB8379869
Stellar MLS

Investment Summary


Monthly Cash Flow
-$311
Cap Rate
4.7%
Cash-on-Cash Return
-6.4%
Debt Coverage Ratio
0.76
Internal Rate of Return (5 years)
-2.2%

Purchase Details

Find an Agent

Purchase price:
$255,000
Amount financed:
-$204,000
Down payment:
$51,000
Closing costs:
$7,650
Rehab costs:
$0
Initial cash invested:
$58,650
Square feet:
1,707
Cost per square foot:
$149
Monthly rent per square foot:
$1.05

Financing Details

Find a Lender

Loan amount:
$204,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$1,306
Property tax:
$197
Insurance:
$126
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,629

Operating Income

Find a Property Manager

% Rent Monthly Yearly
Gross rent:
$1,800 $21,600
Vacancy loss: (6%)
6% -$108 -$1,296
Operating income:
$1,692 $20,304

Operating Expenses


% Rent Monthly Yearly
Property taxes: (11%)
11%-$197-$2,365
Insurance: (7%)
7%-$126-$1,512
Property management: (8%)
8%-$144-$1,728
Repairs & maintenance: (5%)
5%-$90-$1,080
Capital expenditures: (5%)
5%-$90-$1,080
HOA fees: (3%)
3%-$50-$600
Total operating expenses: (39%)
39%-$697-$8,365

Cash Flow


Monthly Yearly
Net operating income:
$995 $11,940
Mortgage payments:
-$1,306 -$15,672
Cash flow:
$311 $3,732