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$190,000

For Sale - Active
7522 Heather Walk Dr, Weeki Wachee, FL 34613
2 Beds
2 Baths
1,271 Square Feet
0.05 Acres Lot
Built in 1982
For Sale - Active
1 Units
Checked: 1 hour ago
Updated: May 25, 2025 at 03:33AM

Investment Summary


Monthly Cash Flow
-$566
Cap Rate
2.6%
Cash-on-Cash Return
-15.5%
Debt Coverage Ratio
0.42
Internal Rate of Return (5 years)
-11.0%

Property Description


0.05 Acres Lot
Built in 1982
For Sale - Active
1 Units

One or more photo(s) has been virtually staged. How would you like to live in this 2 BEDROOM, 2 BATHROOM, 1 CAR GARAGE villa in the DESIRABLE community of The Heather in Weeki Wachee, FL? Upon entering your home you will be taken by the OPEN CONCEPT LAYOUT allowing you to see throughout the main living area. Your kitchen has been UPDATED with half walls for ease of entertainment. Speaking of entertainment, you will enjoy the feature of a WET BAR in the living room. Also in your living room is a SOLAR TUBE for natural light all year round. The location of your new villa is perfect as it is right across from the GORGEOUS COMMUNITY POOL which kept at 87 degrees year round with GEO THERMAL heat, and in on the BEAUTIFUL POND for relaxation and viewing of local water birds. You can enjoy this view from your 4 SEASON BONUS ROOM with SKYLIGHTS. Your kitchen comes equipped with a BRAND NEW GARBAGE DISPOSAL. Your PRIMARY BEDROOM is HUGE and has a walk-in closet and EN SUITE BATHROOM. Your second bedroom also has a WALK-IN CLOSET. Your home has been newly painted and well maintained. You'll love living the FL lifestyle in your new home. Also, if you want to take a drive to popular attractions, you are close to Tampa, St Pete, Crystal River, and even Orlando!

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Location


Property Details


Parking

  • Description: Garage
  • Details: Attached
  • Garage Spaces: 1
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

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

Interior Features

  • # of Rooms: 4
  • # of Stories: 1

Exterior Features

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

HOA

  • Has HOA: Yes
  • Association: Sentry Management
  • HOA Fee: $574/monthly
  • Additional Association: Heather Property Owner's Association
  • Additional HOA Fee: $26/monthly

Land Information

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

Lot Information

  • Parcel ID: R2622217229700A00190
  • Lot Size: 2160 sqft

Property Information

  • Property Type: Townhouse
  • Year Built: 1982

Tax Information

  • Annual Tax: $2,815

Utilities

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

Location

  • County: Hernando

Listing Details


Listed by:
Tabitha Bailey
FUTURE HOME REALTY
(715) 404-0265

Source:
Stellar MLS
MLS#: W7874292
Stellar MLS

Investment Summary


Monthly Cash Flow
-$566
Cap Rate
2.6%
Cash-on-Cash Return
-15.5%
Debt Coverage Ratio
0.42
Internal Rate of Return (5 years)
-11.0%

Purchase Details

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Purchase price:
$190,000
Amount financed:
-$152,000
Down payment:
$38,000
Closing costs:
$5,700
Rehab costs:
$0
Initial cash invested:
$43,700
Square feet:
1,271
Cost per square foot:
$149
Monthly rent per square foot:
$1.42

Financing Details

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Loan amount:
$152,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$973
Property tax:
$235
Insurance:
$126
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,334

Operating Income

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% 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: (13%)
13%-$235-$2,815
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: (33%)
33%-$600-$7,200
Total operating expenses: (71%)
71%-$1,285-$15,415

Cash Flow


Monthly Yearly
Net operating income:
$407 $4,884
Mortgage payments:
-$973 -$11,676
Cash flow:
$566 $6,792