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Under contract-accepting backup offers. One or more photo(s) has been virtually staged. HOT INVESTMENT OPPORTUNITY! This income-producing 3-bedroom, 2-bath ranch-style property near East Crooked Lake in Eustis offers a unique opportunity for investors seeking immediate rental income with long-term upside. Currently tenant occupied with a lease in place through March 2027, this property provides built-in cash flow from day one.
Situated on a fully fenced parcel with gated entry, the home features an expanded driveway with access from both Waycross and Country Club Roads, offering convenience and flexibility. Additional exterior improvements include a full irrigation system, transferable termite bond, RV-ready electrical hookups, pre-wired ADT camera security, and newer water heater.
Inside, the home includes a remodeled kitchen with granite countertops, center island, and appliances less than three years old. Laminate flooring runs throughout the home, complemented by neutral paint tones and updated finishes. The primary suite offers built-in closet storage and a remodeled en-suite bath featuring a tiled shower and rainhead fixture, while the guest bath has also been updated.
The outdoor features add exceptional versatility to the property, including a covered side-entry carport, rear covered pavilion ideal for boat storage, separate storage shed, and secure perimeter fencing. A custom-built kennel area with electric, water, and drainage offers flexible use potential and could easily serve as a workshop, hobby area, storage space, or greenhouse setup.
Located within Central Florida’s desirable Golden Triangle area of Eustis, Tavares, and Mount Dora, the property is surrounded by charming historic downtowns, waterfront dining, shopping, festivals, and access to the Harris Chain of Lakes for boating, fishing, and recreation. Conveniently located near Orlando, area attractions, beaches, and Orlando International Airport, this location continues to attract both long-term residents and investors alike.
Whether you’re looking to expand your rental portfolio or secure a property with future potential in a growing Central Florida market, this tenant-occupied opportunity is worth a closer look. Schedule your appointment today.
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$299,000
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 | $239,200 | $239,200 | $239,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.250% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.474% | 6.640% | 5.972% |
| Monthly Tax Payment | $295 | $295 | $295 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,473 | $1,510 | $1,986 |
| Total Monthly Payment | $1,843 | $1,880 | $2,356 |
* 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.