$373,900
Investment Summary
- Monthly Cash Flow
- -$515
- Cap Rate
- 4.5%
- Cash-on-Cash Return
- -7.2%
- Debt Coverage Ratio
- 0.73
- Internal Rate of Return (5 years)
- -3.0%
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
One or more photo(s) has been virtually staged. Welcome to you new home at 116 Links Terrace Boulevard. This better than new 4 Bedroom /2 Bath home in a great community adjacent to the beautiful and sought after "LPGA" county club has it all. This is open concept all the way. Walk into the front Hallway and you can see all the way to the lanai and the pond beyond! Once you enter the home you are in the open concept Kitchen, Dining, and Great Room in one fantastic setting. The kitchen has upgraded quartz counters, a walk-in pantry, stainless steel appliances and sink, custom back splash, and a large 11x5 foot island with seating for 4. There are several windows and the sliders to allow in plenty of natural light. The Dining splits the space between the kitchen and great room with seating for up to 6. The Great Room is spacious and leads you to the double sliding doors to the lanai that overlooks the extra large pond area. The entire home has upgraded LVP flooring throughout. All the windows have custom blinds. Window treatments stay. The primary suite is in the back corner of the home opposite the Great Room. There is a huge walk-in closet in the primary that is 7x12. The primary bath has a double vanity and a large walk-in shower, plus a private toilet. The second bedroom area has three large bedrooms plus a second shower tub bathroom. All the bathroom shower walls are custom tiled. There is also a inside utility with upgraded matching washer and dryer. The back hallway leads to the garage. There is a private alarm system that can be monitored remotely. There is a customizable ring doorbell system. Also, the Carrier A/C system has a 24/7 whole house fresh air dehumidifier and filter. The garage is 20x20. The property has a 4 zone custom programmable metered Irrigation system, Daytona Beach water provides the brown water for less then 20 dollars a month. ON the outside of the home you have a 15x15 rear lanai that overlooks the pond area. You have a covered front porch. The custom paver driveway and walk-way match the lanai. You have mature landscaping. You are just a short walk from "LPGA" G.C. The club has a restaurant, full gym, huge pool and two highly rated golf courses. They were the original Ladies Tour home courses. Plus a voluminous practice area. You have access to both the Advent Health Daytona Beach Hospital and the Halifax Health Hospital for your medical needs. Both of these have several professional doctors office buildings and other treatment centers. There are the Daytona Mall and the Tanger Outlets for your shopping needs. They are both within a 3 mile drive. You have over 100 restaurants, several Publix grocery stores, Cosco, Sams Club, many Walmart stores, and hundreds of other retail stores within a 5 miles radius. You are minutes away from the Atlantic Beaches from Daytona to New Smyrna Beach. You have access to so many amenities like the Daytona Raceway, Disney and Universal with-in a 60 mile drive, St Augustine, Americas' oldest town and so much more. This can be your new home!! Some Owner financing may be available for qualified buyers.
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Location
Property Details
Parking
- Description: Garage
- Details: Attached
- Garage Spaces: 2
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 4
Bathroom Information
- # of Baths (Full): 2
- # of Baths (Total): 2.0
Interior Features
- # of Rooms: 12
- # of Stories: 1
Exterior Features
- Exterior Walls Materials: Stucco
- Foundation: Slab
- Roof Type: Hip
- Roof Material: Shingle
HOA
- Has HOA: Yes
- Association: Kurt von der Osten
- HOA Fee: $185/quarterly
- Additional Association: Internation Residential Onwer ass.
- Additional HOA Fee: $70/annually
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 522103001000
- Lot Size: 5007 sqft
Property Information
- Property Type: Single Family Residence
- Year Built: 2023
Tax Information
- Annual Tax: $3,078
Utilities
- Water & Sewer: Public
- Heating: Central, Electric, Heat Pump
- Cooling: Central Air, Humidity Control
Location
- County: Volusia
Listing Details
Investment Summary
- Monthly Cash Flow
- -$515
- Cap Rate
- 4.5%
- Cash-on-Cash Return
- -7.2%
- Debt Coverage Ratio
- 0.73
- Internal Rate of Return (5 years)
- -3.0%
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:
| $373,900 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$299,120 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $74,780 |
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:
| $11,217 |
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:
| $85,997 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 1,708 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $219 |
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:
| $1.46 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $299,120 |
|---|---|
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:
| $1,915 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $257 |
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:
| $175 |
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:
| $2,347 |
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:
| $2,500 | $30,000 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$150 | -$1,800 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $2,350 | $28,200 |
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. | 10% | -$257 | -$3,078 |
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% | -$175 | -$2,100 |
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% | -$200 | -$2,400 |
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% | -$125 | -$1,500 |
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% | -$125 | -$1,500 |
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. | 3% | -$68 | -$816 |
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 | 38% | -$950 | -$11,394 |
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:
| $1,400 | $16,800 |
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. | -$1,915 | -$22,980 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $515 | $6,180 |