$5,750,000
Investment Summary
- Monthly Cash Flow
- -$24,231
- Cap Rate
- 1.1%
- Cash-on-Cash Return
- -22.0%
- Debt Coverage Ratio
- 0.18
- Internal Rate of Return (5 years)
- -17.2%
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
Welcome to 1109 Bayshore Road—New construction and never lived in! an unparalleled waterfront sanctuary redefining luxury living along Florida's captivating Gulf Coast. Masterfully custom-built by the acclaimed John Cannon Homes, this residence embodies the sophistication, craftsmanship, and lavishness reminiscent of the world’s finest five-star resorts. Majestically set behind private gates on over 1.3 pristine acres, every detail of this estate has been artfully curated to provide a lifestyle of unrivaled refinement, tranquility, and indulgence. From the moment you enter through the gates and travel the elongated paver drive framed by lush tropical landscaping and towering palms, you’ll sense you've arrived someplace extraordinary. Inside, the residence reveals breathtaking bayfront and Intracoastal panoramas from nearly every vantage point. Rich wood plank flooring, polished tile, elevated tray ceilings, and striking eight-foot doorways evoke a sense of grandeur typically reserved for elite luxury resorts. Corner pocket doors vanish effortlessly, blending indoor elegance with expansive outdoor spaces and framing endless vistas of shimmering water. At the heart of this remarkable estate lies a chef-inspired kitchen worthy of culinary excellence—expertly designed with gleaming quartz countertops, an oversized centerpiece island for unforgettable gatherings, and Viking stainless steel appliances including a professional-grade 48-inch gas cooktop with a vented hood, built-in oven, convection microwave, and an impeccably organized walk-in pantry. A luxurious wine bar area complements the space perfectly, featuring custom cabinetry, elegant shelving, and a built-in beverage refrigerator—ideal for hosting the most discerning guests. The main-level primary suite is a private oasis, carefully designed for serenity and style, offering mesmerizing water views and direct access to the poolside lanai. Its spa-inspired bath rivals those found in the world’s most exclusive retreats, featuring luxurious finishes, spacious dual vanities, and a walk-in shower with exquisite tile detailing. Additional highlights of comfort include a private elevator granting seamless access to each floor and thoughtfully designed guest accommodations that deliver unparalleled privacy and sophistication. Outdoors, paradise awaits. The resort-style heated pool and spa overlook breathtaking water views, enhanced by a custom-designed summer kitchen and extensive lanai—perfect for sunset soirées or elegant alfresco dining beneath the stars. A private dock equipped with a 10,000-pound boat lift invites exploration of Florida’s stunning waterways, while the expansive grounds provide ample space to add a guest house or casita, further enhancing the estate’s exclusive appeal. This home also comes with a new construction home warranty that lasts until November 2026! Located mere minutes from the pristine sands of Nokomis Beach, with convenient access to the charming boutiques, renowned restaurants, and vibrant culture of nearby downtown Venice and Sarasota, 1109 Bayshore Road transcends the ordinary. This residence doesn't just promise luxury—it delivers a lifestyle only experienced in the world's most distinguished five-star destinations.
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Location
Property Details
Parking
- Description: Circular Driveway, Driveway, Garage Door Opener, Garage Faces Side, Ground Level, Guest, Oversized
- Details: Circular Driveway, Driveway, Garage Door Opener, Garage Faces Side, Guest, Oversized, Attached
- Garage Spaces: 3
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 4
Bathroom Information
- # of Baths (Full): 5
- # of Baths (Partial): 1
- # of Baths (Total): 6.0
Interior Features
- # of Rooms: 9
- Basement Description: Crawl Space
Exterior Features
- Foundation: Block
- Roof Material: Tile
- Pool: Yes
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential (Assumed)
Lot Information
- Parcel ID: 0167160011
- Lot Size: 57475 sqft
Property Information
- Property Type: Single Family Residence
- Style: Custom
- Year Built: 2024
Tax Information
- Annual Tax: $12,670
Utilities
- Water & Sewer: Public
- Heating: Zoned
- Cooling: Central Air, Ductless
Location
- County: Sarasota
Listing Details
Investment Summary
- Monthly Cash Flow
- -$24,231
- Cap Rate
- 1.1%
- Cash-on-Cash Return
- -22.0%
- Debt Coverage Ratio
- 0.18
- Internal Rate of Return (5 years)
- -17.2%
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:
| $5,750,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$4,600,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $1,150,000 |
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:
| $172,500 |
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:
| $1,322,500 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 4,338 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $1,326 |
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:
| $2.10 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $4,600,000 |
|---|---|
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:
| $29,454 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $1,056 |
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:
| $637 |
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:
| $31,147 |
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:
| $9,100 | $109,200 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$546 | -$6,552 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $8,554 | $102,648 |
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. | 12% | -$1,056 | -$12,671 |
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% | -$637 | -$7,644 |
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% | -$728 | -$8,736 |
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% | -$455 | -$5,460 |
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% | -$455 | -$5,460 |
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. | n/a | n/a | n/a |
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 | 37% | -$3,331 | -$39,971 |
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:
| $5,223 | $62,676 |
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. | -$29,454 | -$353,448 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | -$24,231 | -$290,772 |