$2,075,000
Investment Summary
- Monthly Cash Flow
- -$6,010
- Cap Rate
- 2.7%
- Cash-on-Cash Return
- -15.1%
- Debt Coverage Ratio
- 0.43
- Internal Rate of Return (5 years)
- -10.6%
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
** MOTIVATED Seller ** Freshly PAINTED EXTERIOR! ** RATE BUY DOWN options **Custom LAKE VIEW living in sought-after Oakland Park! Experience the pinnacle of lakefront luxury in this exquisite custom-built former MODEL home designed for families seeking character, flexibility, & community. Nestled on a waterfront lot w/ room for a POOL, this remarkable residence is designed to capture breathtaking views. This beautifully crafted home boasts dual screened WRAPAROUND PORCHES, a private first-floor IN-LAW suite, & elegant outdoor living spaces including a fire-pit, deck, spa, & sweeping sunset views. With multiple FRENCH DOORS, natural light floods the interior, highlighting the wood floors, custom lighting, & impeccable craftsmanship throughout. The main home features 4 bedrooms, 4.5 baths with a separate BONUS suite (805 sqft) above the garage featuring a kitchenette equipped w/ a refrigerator, cozy living space, a full bath trimmed in shiplap, & a washer/dryer. This space would be perfect as an office, guest quarters, or teen retreat. As you enter the home you’ll be embraced by a large open room crafted w/ custom trim work. Leave this room open or enclose it for a private office. Perfect for hosting & relaxation, the inviting living & dining areas feature a stunning fireplace, creating a warm & welcoming ambiance. The gourmet bar area offers the perfect space for gathering w/ friends & includes mini-fridges & a wine fridge. The bar area can be easily removed & redesigned into a dining area (see photo). Just outside the living area is a large open deck designed for effortless entertaining. The space is thoughtfully laid out with ample room for seating, dining, & socializing under the open sky. A luxurious spa is integrated into the deck, offering a private oasis for relaxation. The expansive kitchen w/ lake views is open to the dining area & includes top-of-the-line THERMADOR appliances, including a 6 burner gas cooktop, oven, & built-in microwave, stone counters, & a hidden walk-in pantry. The downstairs wraparound porch can be accessed from the French doors in the kitchen or from the open deck, which connects to the living area. Venture upstairs to find the primary suite, two additional bedrooms w/ private bath, a loft, & a laundry room w/ utility sink. The lake-side primary suite includes a fireplace, a wraparound screened-in balcony w/ breathtaking views, a flex space suitable for an office or workout area, dual sinks, a soaking tub, shower, & a walk-in closet. Additional features: 3 CAR GARAGE, in-ceiling speakers, water softener & reverse osmosis water tap, & an EV rated outlet for your electric car. With its distinctive layout, warm finishes, and connection to the outdoors, this home is ideal for multi-generational households, families who work from home & need separate spaces, & those seeking community, style, & function over cookie-cutter design. From charming boutiques & rooftop dining to the lively Farmers Market, downtown Winter Garden is a vibrant destination easily accessed by bicycle or on your golf cart. Outdoor enthusiasts will love the 22 mile long West Orange Trail. This golf-cart-approved community offers year-round events, from golf cart parades to book clubs & social gatherings, making it an extraordinary place to call home. The waterfront community features parks, playgrounds, two pools, a clubhouse, dog park, & spectacular sunset views. Don’t miss the chance to own a truly exceptional piece of LAKEFRONT PARADISE!
Build Your Team
Quickly find investor-friendly professionals who can help you succeed in real estate investing at any stage of the investing journey.
Agents
Match with investor-friendly agents who can help you find, analyze, and close your next deal
Lenders
Get the best funding…find investor-friendly lenders who specialize in your deal strategy
Property Managers
Transition to passive investing. Find a trusted property management partnership that lasts.
Tax Pros & Accountants
Taxes and financial reporting made easy—find experts to create tax savings strategies, file taxes, and more
Location
Property Details
Parking
- Description: Garage
- Details: Driveway
- Garage Spaces: 3
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 5
Bathroom Information
- # of Baths (Full): 5
- # of Baths (Partial): 1
- # of Baths (Total): 6.0
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: Shingle
HOA
- Has HOA: Yes
- Association: Leland Management
- HOA Fee: $608/quarterly
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 212227609000050
- Lot Size: 13048 sqft
Property Information
- Property Type: Single Family Residence
- Year Built: 2016
Tax Information
- Annual Tax: $23,275
Utilities
- Water & Sewer: Public
- Heating: Central, Electric
- Cooling: Central Air
Location
- County: Orange
Listing Details
Investment Summary
- Monthly Cash Flow
- -$6,010
- Cap Rate
- 2.7%
- Cash-on-Cash Return
- -15.1%
- Debt Coverage Ratio
- 0.43
- Internal Rate of Return (5 years)
- -10.6%
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:
| $2,075,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$1,660,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $415,000 |
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:
| $62,250 |
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:
| $477,250 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 5,441 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $381 |
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:
| $1.80 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $1,660,000 |
|---|---|
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:
| $10,629 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $1,940 |
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:
| $686 |
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:
| $13,255 |
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:
| $9,800 | $117,600 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$588 | -$7,056 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $9,212 | $110,544 |
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. | 20% | -$1,940 | -$23,276 |
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% | -$686 | -$8,232 |
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% | -$784 | -$9,408 |
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% | -$490 | -$5,880 |
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% | -$490 | -$5,880 |
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% | -$203 | -$2,436 |
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 | 47% | -$4,593 | -$55,112 |
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:
| $4,619 | $55,428 |
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. | -$10,629 | -$127,548 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $6,010 | $72,120 |