Turn-key Hernando Condo

Turn-key Hernando Condo

2 bed 2 bath 990 sq ft Built in 1985 Condominium
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77
Quality of Comparables
Low High
19 /20
Level of Rehab
Heavy Light
15/20
Location of Neighborhood
Far Close
14/20
Quality of Floor Plan
Choppy Flowing
15/20
School Rating
F A
6/10
Placement in Neighborhood
Busy Calm
8/10
Property Details

Located in the sought-after community of Citrus Hills, right next to three golf courses, minutes from downtown shopping and restaurants, is this 2 bedroom, 2-bathroom condo with a carport. This is the lowest priced condo in the last three years in this community, with plenty of comparables, providing a strong after-repair value of $185,000.

The property comes with an exclusive social membership that offers a tiki bar, restaurants, indoor and outdoor pool, fitness center, day spa and more. HOA payment includes exterior maintenance, water, sewer, and trash.

Since most of the big-ticket items are already covered, such as a new roof in 2022 and new A/C in 2016, we recommend only cosmetic updates for a flip, or a fresh coat of paint to make it rent-ready for prospective tenants.

Opportunities like this are rare, especially when this is the lowest priced condo within a 5-mile radius, so we expect it to move quickly. Don't miss out. Contact your EquityPro Advisor today.

Video Walkthrough: https://drive.google.com/file/d/1E9auh2Cw28uGROB4y2xSi8cwIT3reegW/view?usp=drive_link

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We recommend flip
Rental Income
$1,550 mo. / $18,600 yr.
Estimated Taxes
$1,947 / yr.
Maintenance
$500 / yr.
HOA Dues
$4,168 / yr.
$9,375
Projected Income
6.91%
Estimated APY
$28,425
Projected Income
18.15%
Estimated ROI

Comps

 
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