$3,795,000
Investment Summary
- Monthly Cash Flow
- -$19,548
- Cap Rate
- 0.0%
- Cash-on-Cash Return
- -26.9%
- Debt Coverage Ratio
- -0.01
- Internal Rate of Return (5 years)
- -21.9%
Cash Flow
Net Operating Income (NOI) minus mortgage payments.
Calculation:
NOI - Mortgage Payments
Cap Rate (Market Value)
Capitalization Rate is a rate of return that compares the yearly Net Operating Income (NOI) to the market value.
Calculation:
NOI / Market Value
Cash-on-Cash Return (CoC)
Annual Cash Flow / Cash Invested
Calculation:
Annual cash flow divided by initial cash invested.
Debt Coverage Ratio (DCR)
Net Operating Income (NOI) divided by total debt payments.
Calculation:
NOI / Total Debt Payments
Internal Rate of Return (IRR)
A metric for assessing profitability over time. IRR is the discount rate at which the net present value (NPV) of all future cash flows (positive and negative) from an investment equals zero — including both periodic cash flow (such as rent) and a projected sale at the end of the holding period. It represents the expected annualized return, accounting for income, expenses, and the recovery of capital through a future sale.
Property Description
Enjoy stunning sunsets from your private estate with expansive views, located on Lake Down, the prestigious Butler Chain of Lakes in Windermere. This well-appointed property features 2.78 acres with fully fenced terraced grounds, electric security gates, brick pavers, mature landscaping for privacy, and 130 feet of water frontage with a seawall, enclosed boat house, dock, and lift. The heated 7,363 square feet of living space includes the main home with 4 bedrooms and 5 bathrooms, as well as a lake guest house. Most rooms are graced with breathtaking views. Almost 10,000 square feet under roof, with a porte cochere, extensive balconies, walkways, outdoor kitchen, and multiple patios. The screened pool area has an inviting resort feel, complete with a waterfall, slide, and hot tub, all connected to the outdoor entertainment areas. Many quality upgrades, expansive ceilings with craftsman woodwork, wood and marble floors, formal dining with a music room, and fireplaces in the living, family room, and primary bedroom. The living room features a floor-to-ceiling window with remote-control blind, taking full advantage of the priceless view. The main staircase gives a dramatic vantage point to appreciate the open floor plan, ideal for entertaining. The well-appointed kitchen features a chef's prep kitchen, electric and Wolf gas double oven, two Sub-Zeros, double dishwashers, and a built-in espresso machine. All kitchen elements are set within rich wood custom cabinetry and granite countertops, with a breakfast room that leads to the pool area. The guest bathroom, laundry & family room are all conveniently located near the pool. The primary suite is downstairs and includes a private screened porch, remote-control blackout blind, custom cabinet with washer & dryer, and a large master bath with a soaking tub, walk-in shower all with elegant stonework. The suite is adjoined by a generous custom closet, safe for valuables, private gym with mirror, rubber floor, bonus storage, and a private staircase to the upstairs. Upstairs features large bedrooms with lots of closet space, balconies overlooking the water with Ipe decks and a secondary family room or playroom for the family. The lake cottage spells fun with balconies all around and views of the water and pool on three sides. Open beam ceilings, bamboo and new luxury vinyl wood floors, full kitchen & living room upstairs with a full bedroom and bath downstairs complete with a wet bar. The property has rear yard access down to the lake, great for boat parking or extra parking when you rally the team for a volleyball match on the court. You can also utilize the tennis courts & private boat ramp just a short walk down the street. There are too many low maintenance, cost saving features to list, but a few include; energy efficient solar power, metal roof, and three on demand propane powered gas water heaters. There are over $55,000 in solar panels that will save countless dollars over the years and is good for the environment. The electric bills are minimal. As I mentioned earlier Ipe hardwood is the best exotic hardwood the industry has to offer and it was used on the extensive decks for low maintenance. A new two horse sprinkler pump was recently installed that draws from the lake to maintain the exotic landscape. The durable easy to clean composite dock has two lifts & two boat slips. The owner will even throw in the $50,000 ski boat (approx Value) with an acceptable offer.
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Location
Property Details
Parking
- Description: Circular Driveway, Driveway, Garage Door Opener, Garage Faces Rear, Garage Faces Side, Guest, Parking Pad, Portico
- Details: Boat, Circular Driveway, Driveway, Garage Door Opener, Garage Faces Side, Guest, Off Street, On Street, Parking Pad, Attached
- Garage Spaces: 1
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 5
Bathroom Information
- # of Baths (Full): 4
- # of Baths (Partial): 3
- # of Baths (Total): 7.0
Interior Features
- # of Rooms: 13
- # of Stories: 2
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Stucco
- Foundation: Slab
- Roof Type: Gable or Hip
- Roof Material: Metal, Tile
- Pool: Yes
HOA
- Has HOA: Yes
- Association: James Scott
- HOA Fee: $1,070/annually
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 052328481800140
- Lot Size: 121288 sqft
Property Information
- Property Type: Single Family Residence
- Style: Custom, Florida
- Year Built: 1987
Tax Information
- Annual Tax: $34,173
Utilities
- Water & Sewer: Private, Well
- Heating: Central, Electric
- Cooling: Central Air, Zoned
Location
- County: Orange
Listing Details
Investment Summary
- Monthly Cash Flow
- -$19,548
- Cap Rate
- 0.0%
- Cash-on-Cash Return
- -26.9%
- Debt Coverage Ratio
- -0.01
- Internal Rate of Return (5 years)
- -21.9%
Cash Flow
Net Operating Income (NOI) minus mortgage payments.
Calculation:
NOI - Mortgage Payments
Cap Rate (Market Value)
Capitalization Rate is a rate of return that compares the yearly Net Operating Income (NOI) to the market value.
Calculation:
NOI / Market Value
Cash-on-Cash Return (CoC)
Annual Cash Flow / Cash Invested
Calculation:
Annual cash flow divided by initial cash invested.
Debt Coverage Ratio (DCR)
Net Operating Income (NOI) divided by total debt payments.
Calculation:
NOI / Total Debt Payments
Internal Rate of Return (IRR)
A metric for assessing profitability over time. IRR is the discount rate at which the net present value (NPV) of all future cash flows (positive and negative) from an investment equals zero — including both periodic cash flow (such as rent) and a projected sale at the end of the holding period. It represents the expected annualized return, accounting for income, expenses, and the recovery of capital through a future sale.
Purchase Details
Purchase PriceThe price paid for the property. Purchase price:
| $3,795,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$3,036,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $759,000 |
Closing CostsFees and expenses associated with purchasing a property, typically ranging from 2% to 5% of the home’s purchase price, paid at the end of a home purchase to cover services like lending, title transfer, and taxes. Closing costs:
| $113,850 |
Rehab CostsCosts incurred to repair or improve the property, including: roof, flooring, exterior siding, kitchen, exterior paint, bathrooms, etc. Rehab costs:
| $0 |
Initial Cash InvestedThe total initial cash invested in the property. Calculation:Down payment + Buying costs + Rehab costs Initial cash invested:
| $872,850 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 7,263 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $523 |
Monthly Rent Per Square FootMonthly rent divided by the number of square feet. This ratio helps investors compare rental income efficiency across properties, markets, and unit sizes Calculation:Monthly Rent / Square Feet Monthly rent per square foot:
| $0.56 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $3,036,000 |
|---|---|
Loan to Value Ratio (LTV)Loan amount divided by the market value of the property. Calculation:Loan Amount / Market Value
Loan to value ratio:
| 80.0% |
Loan TypeThe type of loan (e.g., fixed, adjustable).
Loan type:
| Amortizing |
TermThe loan repayment period in years.
Term:
| 30 years |
Interest RateThe percentage a lender charges on the borrowed amount of a loan, determining the cost of borrowing money.
Interest rate:
| 6.625% |
Principal & Interest (PI)The principal is the portion of the loan payment that reduces the loan balance. The interest is the lender's charge for borrowing money. Calculation:(P * r * (1 + r) ** n) / ((1 + r) ** n - 1) Where:
P = Loan amount (principal)
Principal & interest:
| $19,440 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $2,848 |
InsuranceThe costs for insurance coverage to protect against financial losses due to risks like fire, natural disasters, theft, liability, or tenant-related damages. Calculation:Assumes 7% of gross rental income, unless insurance rates are specified.
Insurance:
| $287 |
Private Mortgage Insurance (PMI)A fee that borrowers pay when they take out a conventional loan with a loan-to-value (LTV) ratio above 80%.
Private mortgage insurance (PMI):
| $0 |
Monthly PaymentThe fixed amount a borrower pays each month to repay a loan. It typically includes principal and interest (P&I) and may also cover property taxes, insurance, HOA fees, and PMI if escrowed. Monthly payment:
| $22,575 |
Operating Income
| % Rent | Monthly | Yearly | |
|---|---|---|---|
Gross RentThe total rental income received from tenants before deducting any expenses. Includes base rent, late fees, pet fees, parking fees, and other recurring charges.
Gross rent:
| $4,100 | $49,200 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$246 | -$2,952 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $3,854 | $46,248 |
Operating Expenses
| % Rent | Monthly | Yearly | |
|---|---|---|---|
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services. | 69% | -$2,848 | -$34,173 |
InsuranceThe costs for insurance coverage to protect against financial losses due to risks like fire, natural disasters, theft, liability, or tenant-related damages. Calculation:Assumes 7% of gross rental income, unless insurance rates are specified. | 7% | -$287 | -$3,444 |
Property ManagementThe costs associated with hiring a property manager to handle the day-to-day operations of a rental property. Includes management fees, leasing fes, eviction fees, etc. Calculation:Assumes 8% of gross rental income. | 8% | -$328 | -$3,936 |
Repairs & MaintenanceOngoing costs for routine upkeep and minor fixes needed to keep a property in good working condition. Calculation:Assumes 5% of gross rental income. Varies by property age and condition. | 5% | -$205 | -$2,460 |
Capital ExpensesLarge, infrequent costs for major improvements or replacements, like a new roof, HVAC system, or appliances. Calculation:Assumes 5% of gross rental income. Varies by property age. | 5% | -$205 | -$2,460 |
HOA FeesRegular dues paid to a Homeowners Association for community maintenance, amenities, and management. Similar fees include: Condo Association Fees, Co-op Maintenance Fees, etc. | 2% | -$89 | -$1,068 |
Operating ExpensesRecurring costs required to maintain and manage a rental property, including property taxes, insurance, maintenance, repairs, utilities (if paid by the owner), property management fees, and other day-to-day expenses. Calculation:Insurance + Property Taxes + Property Management + Repairs & Maintenance + Capital Expenditures + HOA Fees | 97% | -$3,962 | -$47,541 |
Cash Flow
| Monthly | Yearly | |
|---|---|---|
Net Operating Income (NOI)The income generated from a property after deducting all operating expenses but before deducting mortgage payments, taxes, and capital expenditures. Calculation:Gross Operating Income - Operating Expenses
Net operating income:
| -$108 | -$1,296 |
Mortgage PaymentThe fixed amount a borrower pays each month to repay a loan. It typically includes principal and interest (P&I) and may also cover property taxes, insurance, HOA fees, and PMI if escrowed. | -$19,440 | -$233,280 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | -$19,548 | -$234,576 |