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$339,000

For Sale - Active
8951 SW 202nd Avenue Rd, Dunnellon, FL 34431
2 Beds
2 Baths
1,344 Square Feet
1.21 Acres Lot
Built in 1978
For Sale - Active
1 Units
Checked: 22 hours ago
Updated: Aug 05, 2025 at 07:05AM

Investment Summary


Monthly Cash Flow
-$356
Cap Rate
4.9%
Cash-on-Cash Return
-5.5%
Debt Coverage Ratio
0.80
Internal Rate of Return (5 years)
-1.3%

Property Description


1.21 Acres Lot
Built in 1978
For Sale - Active
1 Units

Peaceful Location on quiet streets. Enjoy Open concept home with 2 living spaces and Cozy up to a log fireplace on those rare cool evenings. Bask in the sun with your own private Pool and screened enclosure. 2 Bedroom 2 Bath features walk in closets and master on-suite. Big ticket Upgrades include: Vinyl insulated windows, Newer Roof, new water filtration and 3 Ton AC. Solar panels saving you $$ in the summer month. Property is situated on 1.2 acres with matures trees and landscapings. Over sized concrete driveway and plenty of parking. Kitchen has many upgrades, dbl oven with air frier, newer stainless steel appliances, plenty of storage and coffee bar. Outdoor space for RV's and 2 storage sheds Low Annual HOA Community, includes Private Launch to Rainbow River and Pavilion. Rainbow Springs Club House, Pool, Pickle ball/tennis court and additional amenities. located just 30 minutes south of Ocala, Horse Capitol of the World. Schedule your tour today.

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Location


Property Details


Parking

  • Description: Garage
  • Details: Garage Door Opener, Oversized, Parking Pad, 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: 7
  • # of Stories: 1
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Stucco
  • Foundation: Slab
  • Roof Type: Gable
  • Roof Material: Shingle
  • Pool: Yes
  • Solar Panels: Yes

HOA

  • Has HOA: Yes
  • Association: The Woodlands Rainbow Springs/ Amy Martin
  • HOA Fee: $243/annually

Land Information

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

Lot Information

  • Parcel ID: 3292072015
  • Lot Size: 52708 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Ranch
  • Year Built: 1978

Tax Information

  • Annual Tax: $2,225

Utilities

  • Water & Sewer: Private, Well
  • Heating: Central, Electric
  • Cooling: Central Air

Location

  • County: Marion

Listing Details


Listed by:
Delores Arcuri
KEN JONES REALTY
(352) 422-0818

Source:
Stellar MLS
MLS#: OM700304
Stellar MLS

Investment Summary


Monthly Cash Flow
-$356
Cap Rate
4.9%
Cash-on-Cash Return
-5.5%
Debt Coverage Ratio
0.80
Internal Rate of Return (5 years)
-1.3%

Purchase Details

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Purchase price:
$339,000
Amount financed:
-$271,200
Down payment:
$67,800
Closing costs:
$10,170
Rehab costs:
$0
Initial cash invested:
$77,970
Square feet:
1,344
Cost per square foot:
$252
Monthly rent per square foot:
$1.71

Financing Details

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Loan amount:
$271,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$1,737
Property tax:
$186
Insurance:
$161
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,084

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: (8%)
8%-$186-$2,226
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%-$20-$240
Total operating expenses: (34%)
34%-$781-$9,366

Cash Flow


Monthly Yearly
Net operating income:
$1,381 $16,572
Mortgage payments:
-$1,737 -$20,844
Cash flow:
$356 $4,272