Lifestyle Activities
Ski
Full Description
Current comparables sold:
$220,000
$211,000
More than just a beautiful home, Waters Edge is a family community, conveniently located off Airport Road in Port Orange. The location is superb, being next to one of the city's newest parks and Port Orange's newest Middle School. You're close to everything. Waters Edge has easy access to the best that Port Orange and Daytona Beach have to offer. Waters Edge is also one of the area's newest communities, with a magnificent entrance, beautiful fountains and many pristine lakes. Waters Edge is proud of its beautiful nature areas surrounding the development. Lakes and large trees invite the wonderful Florida wildlife to your neighborhood.
Purchase Process
Cost to purchase 25% down $39,750.00
Closing costs 4% $6,360.00
Finders fee 3% $4,913.10 + VAT
Total Cost to buy $51,023.00
75% mortgage
Cash Flow
High Demanded family home
Residential rental $1250.00 per month
Annual Rental income $15,000.00
Annual mortgage payments $9241.88
HOA Fee's $452.00
Annual Property Tax $3,180.00
Annual Lettings & management $900.00
Total annual running cost $13,773.00
Cash positive $1227.00
This is a Lake front 3 bedroom contemporary property with split floor plan. Lake front views from living room, master bedroom, nook and porch. Living area features volume ceilings, eat-in kitchen and 9ft x 9ft nook. Sliding doors lead to a screened enclosed porch. Master bedroom has a walk-in closet plus bath with garden tub and glass enclosed walk-in shower. Side entrance 2 car garage. Separate sprinkler system on reclaimed water.The convenient location in Port Orange also allows commuters access to a shorter Orlando drive. A home with a nice floor plan and a neighborhood to raise kids, Waters Edge is a great choice! This beautiful subdivision is close to shopping, dining and 'A' rated schools (sought after by tenants).
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