$1,680,000
Investment Summary
- Monthly Cash Flow
- -$5,115
- Cap Rate
- 2.5%
- Cash-on-Cash Return
- -15.9%
- Debt Coverage Ratio
- 0.41
- Internal Rate of Return (5 years)
- -11.4%
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
A RARE AND EXTRONDINARY OPPORTUITY AWAITS YOU WITH TIMELESS ELEGANCE AND COMFORTABLE LIVING WITH THIS 4 BEDROOM/4 BATHROOM DIRECT LAKE FRONT HOME ON THE CLERMONT CHAIN OF LAKES. With approximately 3220 sq ft of luxury living this 2019 home combines the finest of finishes with multiple upgrades. This home offers an open airy floor plan with lots of natural light and panoramic lake views of Lake Louisa for your enjoyment, and is perfect for entertaining family and friends. As you walk through the front door you will be greeted with a large great room adorned with high ceilings, a gas stone fireplace, luxury vinal plank flooring, Cypress accents, a gourmet kitchen, large windows, and pocket French Doors leading out to of the lake and boat house. The gourmet kitchen which flows seamlessly into expansive open living areas, is equipped with plenty of upgraded wood cabinets with pull out drawers, a large center island, luxury high end Dacor Appliances which are designed for style and efficiency. The Dacor built in column refrigerator also boasts a large freezer and icemakers. Baking and cooking gourmet meals are made easy with this Dacor 6 burner gas stove with an electric griddle, a dual oven that boasts a bread baking oven, and a food warmer. The formal dining room with views of the lake adds extra dining seating for those special occasions with family and friends. As you move through the home you will notice the tongue and grove and shiplap Cypress walls and accents, which makes this home especially stand out above the others. The downstairs bedroom with a large walk-in closet can be also used as a Primary Bedroom. The bathroom has a tiled walk-in shower, stone counter tops, luxury vinyl flooring. The downstairs office is large, and can accommodate 2 desks or a seating area. There is a door that leads outside the large laundry room with a connecting bathroom with Stone counter tops and walk in shower. The Crown Jewel is the owner’s Primary Retreat, boasting a seating area with a gas fireplace, dual closets, and French doors leading to your private relaxing screened balcony overlooking the lake with beautiful sunsets and sunrises, and cool breezes. Moving into the Primary Bathroom hosts a claw foot ceramic bath tub, his and her sinks, and large walk-in shower. To finish the upstairs, you will find 2 other bedrooms, 1 bathroom with tub & shower combo, and a flex room overlooking the lake that can be used as an office, nursery, man cave, den, the choice is yours. If you are looking for outdoor living this home has it. The outdoor features include, Composite wrap around porch with Cypress Ceiling, storage area with seating overlooking the lake with sink, fire pit, beach, sea wall, 2023 New boat house with electric and water, composite walkway deck, New Wrap Around Deck, New Water Purification System, New Sprinkler System, Gutters and Gutter Drains, New Curbing Around the Home, New Landscaping. 2025 New Septic Pump and Septic pump out. This residence offers elegant design, functionality, and stunning waterfront living, with skiing, boating and fishing on a 3600 Acre Lake which is the largest on the Chain. This home is the perfect format for modern day relaxing, enjoyment, and living.
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Location
Property Details
Parking
- Description: Driveway
- Garage Spaces: 0
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 4
Bathroom Information
- # of Baths (Full): 4
- # of Baths (Total): 4.0
Interior Features
- # of Rooms: 15
- # of Stories: 1
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Asbestos Shingle
- Foundation: Slab
- Roof Material: Metal
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 182326000200000107
- Lot Size: 17500 sqft
Property Information
- Property Type: Single Family Residence
- Style: Contemporary
- Year Built: 2019
Tax Information
- Annual Tax: $15,236
Utilities
- Water & Sewer: Public
- Heating: Central, Electric
- Cooling: Central Air
Location
- County: Lake
Listing Details
Investment Summary
- Monthly Cash Flow
- -$5,115
- Cap Rate
- 2.5%
- Cash-on-Cash Return
- -15.9%
- Debt Coverage Ratio
- 0.41
- Internal Rate of Return (5 years)
- -11.4%
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:
| $1,680,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$1,344,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $336,000 |
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:
| $50,400 |
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:
| $386,400 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 3,220 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $522 |
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:
| $2.14 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $1,344,000 |
|---|---|
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:
| $8,606 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $1,270 |
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:
| $483 |
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:
| $10,359 |
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:
| $6,900 | $82,800 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$414 | -$4,968 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $6,486 | $77,832 |
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% | -$1,270 | -$15,237 |
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% | -$483 | -$5,796 |
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% | -$552 | -$6,624 |
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% | -$345 | -$4,140 |
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% | -$345 | -$4,140 |
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 | 43% | -$2,995 | -$35,937 |
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:
| $3,491 | $41,892 |
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. | -$8,606 | -$103,272 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $5,115 | $61,380 |