One or more photo(s) has been virtually staged. PRICED FOR QUICK SALE!!! Income Property Just 2 Miles from Three Sisters Springs & Downtown Crystal River! Step into the charm of “Old Florida” living in the heart of Crystal River—just minutes from the world-famous Three Sisters Springs, where thousands of manatees gather each winter. Situated on nearly ½ acre of fully fenced property, this versatile home offers space, privacy, and a rare opportunity to combine lifestyle with income. With no HOA and a quiet, safe street, you’ll enjoy the freedom and tranquility that define Florida’s Nature Coast. A standout feature is the private-entry guest suite, currently operating as a successful short-term rental with Separate entrance with electronic lock, Full bathroom + comfortable living/sleeping space and Plumbing in place for easy addition of kitchenette. Guest Suite Furnishings included for a turnkey setup. Over the first 18 months of operation, the unit averaged $90 per night—and offers untapped upside through expanded seasonal marketing. Whether you continue as-is or expand into full-home vacation rental the flexibility is built in. The property also offers professional office zoning, creating a rare opportunity for live/work flexibility or a home-based business with a private client entrance. The home is unique: Nearly ½ acre fully fenced yard with room for a pool, High-end laminate flooring (installed ~2.5 years ago) + extra materials included, Functional kitchen ready for your personal upgrades, Double-pane windows for energy efficiency, Tankless water heater (under 3 years old) for endless hot water and Upgraded 200-amp electrical service (ample capacity for additions like a hot tub). The home is located Just 2 miles to downtown Crystal River dining, shops, and waterfront access, Close to the Homosassa River and endless kayaking, paddle boarding, and outdoor recreation, approximately 60 minutes to Tampa via the nearby Suncoast Parkway and Located in Florida’s renowned Nature Coast, known for its unspoiled beauty and relaxed pace. The home is priced accordingly, giving the next owner room to add value while benefiting from immediate livability and income potential. While located in a flood zone, the property has not experienced a flood event in over 25 years according to available history—providing added confidence for long-term ownership. Who should buy this home? House hackers looking to offset their mortgage, Investors seeking short-term rental income, Snowbirds wanting a flexible Florida retreat or Families needing private space for active adult, parents or young adults who need a private room. This is more than a home—it’s an opportunity to live, earn, and grow in one of Florida’s most unique coastal communities. FREE 1yr home warranty is OFFERED for PEACE OF MIND to the Buyer!
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Save search” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
