$1,745,000
Investment Summary
- Monthly Cash Flow
- -$4,849
- Cap Rate
- 2.8%
- Cash-on-Cash Return
- -14.5%
- Debt Coverage Ratio
- 0.46
- Internal Rate of Return (5 years)
- -10.0%
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
This Mediterranean inspired, resort-themed home sits on a quiet street in Woodland Waters, an exclusive subdivision of estate sized parcels. With over one acre of manicured grounds this property is the ultimate residence if you are looking for perfection and privacy. The architect, builder and designer created a residence that blends natural light, soaring ceilings with exquisite architectural details in a manner that is grand in stature but at the same time, warm and inviting. The residence encompasses 6266 sf. of heated/AC space with 4000+ of outdoor entertainment space. The interior is bespoke with an array of cabinetry, top-grade sourced granite, imported marbles and tile, fine hardwoods and plastering. The Property includes a pool house/guest house with high ceilings, a full bath and kitchenette. Architectural details in the main residence feature soaring ceilings, hand scraped wood floors, a chef's kitchen with 6 burner gas stove and a 72” refrigerator/freezer, walk in wine room, attached pantry and exquisite lighting. In the living room, both the windows and fireplace rise from the floor to the ceiling and are overlooked by a sitting room from the second story. There are four en suite bedrooms on the main floor, three connected with a gathering/office/work study area. Dine in either the striking dining room, the breakfast alcove or seated bar area. Numerous doors lead to the outdoor pavilion/pool area including from the family room, two from the primary bedroom and one from an additional bedroom bath. The upstairs sitting area leads to a Media/Rec room (or other creative use) with high beamed ceilings and a full bath, Juliet balcony, with covered outside patio area and spiral staircase. The backyard pavilion includes a resort-like heated pool with nighttime lighting, several fountains and waterfalls. Adjacent and under roof is an outdoor kitchen, dining space and fireplace with TV. The connecting guest suite encompasses 700+ sf and has a kitchenette, full bath and Clive Christian cabinetry. The suite can be used for entertaining as well as sleeping. Each of two oversized garages can hold 3 cars on PVC commercial grade flooring (6+ vehicles total) with one garage having a rear entrance. The backyard of the property is totally fenced and landscaped for privacy. A 12 zone irrigation system utilizes well water covering lawn/gardens. Special in wall insulation,4 zone HVAC, central vacuum, landscape lighting and many recent utility and appliance upgrades. Home also features UV water filters and double tankless water heaters. Sitting high on a rolling hill and safely inland (low insurance and no flood requirement) this home is less than 10 mi. to Weeki Wachee Spring State Park, Pine Island and Hernando Beach. Tampa International Airport is only 51 minutes away and every shopping convenience is nearby. If you enjoy living in quiet privacy, security and beautiful surroundings this home is for you. The residence defines perfection. Walk around the low-maintenance yard and lava rock gardens, then take a nap in the hammock... before swimming in the large heated pool in total privacy with no neighbors’ residences in sight…then change (or put on clothes) in the guest/pool house (using the second washer/dryer for towels) before returning to the main residence to relax in what may be the most Exquisite Living Experience in all of Hernando County. Showings with 12-24 hour notice to qualified buyers only. Call to schedule yours!
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Location
Property Details
Parking
- Description: Circular Driveway, Driveway, Garage Door Opener
- Details: Circular Driveway, Driveway, Garage Door Opener, Attached
- Garage Spaces: 6
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 5
Bathroom Information
- # of Baths (Full): 6
- # of Baths (Partial): 1
- # of Baths (Total): 7.0
Interior Features
- # of Rooms: 15
- # of Stories: 2
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Stucco
- Foundation: Slab
- Roof Type: IRR/Cathedral
- Roof Material: Tile
- Pool: Yes
HOA
- Has HOA: Yes
- Association: Woodland Waters / Jane Heid /352-428-6083
- HOA Fee: $175/annually
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: R1822218432500000580
- Lot Size: 60140 sqft
Property Information
- Property Type: Single Family Residence
- Style: Mediterranean
- Year Built: 2010
Tax Information
- Annual Tax: $17,803
Utilities
- Water & Sewer: Private, Public, Well
- Heating: Central, Electric
- Cooling: Central Air, Zoned
Location
- County: Hernando
Listing Details
Investment Summary
- Monthly Cash Flow
- -$4,849
- Cap Rate
- 2.8%
- Cash-on-Cash Return
- -14.5%
- Debt Coverage Ratio
- 0.46
- Internal Rate of Return (5 years)
- -10.0%
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:
| $1,745,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$1,396,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $349,000 |
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:
| $52,350 |
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:
| $401,350 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 6,266 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $278 |
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:
| $1.29 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $1,396,000 |
|---|---|
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:
| $8,939 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $1,484 |
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:
| $567 |
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:
| $10,990 |
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:
| $8,100 | $97,200 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$486 | -$5,832 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $7,614 | $91,368 |
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. | 18% | -$1,484 | -$17,803 |
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% | -$567 | -$6,804 |
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% | -$648 | -$7,776 |
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% | -$405 | -$4,860 |
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% | -$405 | -$4,860 |
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. | 0% | -$15 | -$180 |
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 | 44% | -$3,524 | -$42,283 |
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:
| $4,090 | $49,080 |
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. | -$8,939 | -$107,268 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $4,849 | $58,188 |