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Priced Right! Turnkey Cash-Flowing Investment in Beautiful Citrus Springs.
Investor Alert! This 2023-built, concrete block single-family home offers a low-maintenance, income opportunity in one of Florida’s fastest-growing markets. Spanning 1, 568 sq ft with 4 spacious bedrooms and 2 bathrooms, this property features an open-concept layout plus an attached 2-car garage adding 500 sq ft of functional space.
Modern amenities include a refrigerator, electric range, dishwasher, garbage disposal, central A/C, and in-unit laundry hookups. Tenants enjoy a peaceful backyard setting just 5 minutes from Citrus Springs Golf & Country Club and close to the Withlacoochee State Trail and Rainbow River—perfect for outdoor enthusiasts.
This property is outside the flood zone and equipped with city water and electric utilities. Sewer is on septic. Leased through March 2026 to reliable, long-term tenants, it produced $21, 780 in gross rental income in 2024, with low expenses: insurance at $939. 96, taxes at $3, 364. 82, and professional management.
Located in the path of progress—where values have doubled over the past decade—this home offers immediate cash flow and strong appreciation potential.
Don’t miss this exceptional income property!
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$268,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $214,400 | $214,400 | $214,400 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.375% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.370% | 6.524% | 5.866% |
| Monthly Tax Payment | $297 | $297 | $297 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,284 | $1,338 | $1,766 |
| Total Monthly Payment | $1,656 | $1,710 | $2,138 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.