147 Old Welcome Rd

Lithia, FL 33547
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3 bd, 3 ba | 2,107 sqft | Built in 2006

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List Price
$450,000

Initial Investment

$122,625

Purchase Price

$450,000

Down Payment

25%

Rent

$2,640

Total Return

$168,357

Annualized Return

17.6%

Cap Rate

4.0%

Gross Yield

7.0%

Cash Flow

-$7,825

Appreciation

8.0%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

51,836

HOA

None

Flood Risk

Not Required

Country Living at its Best!! This charming 3BR/3BA home is nestled on a fully-fenced 1.21-acre lot in the country, offering complete privacy and serenity. There is no HOA or CDD. Agriculturally zoned, this property is perfect for bringing your farm friends, whether feathered or four-legged. Step inside to find a spacious and inviting interior with newer HVAC (2021) and a bright and airy kitchen with black appliances, including a double oven, and custom wood cabinets with unique features like window glass and large drawers with soft close. The ample amount of counter space and breakfast bar with brass foot rail and wainscoting make meal prep and entertaining a breeze. The master bedroom boasts a huge walk-in closet and French doors with internal mini blinds that lead to the screened-in back porch with stunning views of the expansive backyard. French doors also with internal mini blinds from the living room/dining room also lead to the back porch, making it easy to enjoy the outdoors from anywhere in the home. Other notable features include a large indoor laundry room, insulated exterior and interior walls, surround sound wiring in the living room ceiling, two attic spaces with plywood flooring for convenient storage, two septic tanks, two electric/light poles, farm fencing, a well for the house and yard (no water bill!), a detached 40' x 20' x 16' workshop with an interior loft, insulated roofs on both the back and front screened porches (added in 2019), and numerous outdoor electrical outlets strategically placed around the perimeter of the home. Despite its rural setting, this home is conveniently located just minutes from restaurants and shopping, with Alafia River State Park featuring 6000+ acres of nature preserve, horse trails, hiking trails, and mountain bike trails just down the street. This is the perfect place to call home if you're looking for country living with all the conveniences of modern life. Schedule a showing today to experience the magic for yourself!

See more in Analysis
Jeff Wills
Sefair Investments, Inc
FL Agent License #BK3326417

Annual Financial Highlights

Expected Rent

$30,096

Expenses

-$5,357

Property Taxes

-$8,100

Loan Payments

-$24,464

Net Cash Flow

-$7,825

See more in Financials

Property Characteristics

Buyer's Agent

An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
  • You can contact your Agent with questions even before making an offer.
  • A professional home inspection will be conducted prior to closing.  This inspection, paid for by Roofstock, will be conducted by a Roofstock-affiliated vendor.  As soon as the report is ready, your Agent will discuss the findings with you and help with any next steps.

Property Management

Why choose?
From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.

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Listing Courtesy of:Christopher Copenhaver
Agent License 3045575
COLDWELL BANKER REALTY
Certified Agent Brokerage:Jeff Wills
Sefair Investments, Inc
FL Brokerage License 1035088
SourceStellar MLS
MLS #T3473129
Last Updated: 09/18/2023 22:09
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