$749,900
Investment Summary
- Monthly Cash Flow
- -$2,209
- Cap Rate
- 2.7%
- Cash-on-Cash Return
- -15.4%
- Debt Coverage Ratio
- 0.44
- Internal Rate of Return (5 years)
- -10.9%
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
Seller offering 3% towards buyer's closing costs or rate buy down! Welcome to Morning Star Stables, a picturesque 5 acre haven, reminiscent of the Tennessee Mountains! Clermont has long been hailed as “The Gem of the Hills” due to its uncharacteristically high elevation, where other parts of Florida fall flat. As the sun sets, enjoy the sounds of nature, the ubiquitous chirps, nocturnal birds song and the unfailing breeze that graces the outdoor living space nightly. The view alone will steal your heart. The grounds have fresh mulch & and array of native plants & trees including a fairy tale rain tree w/ a nostalgic wooden swing. Blooms change from yellow to pink in fall & spring, just like the Florida’s skies! This 3 bedroom, 2 bath, solid block ranch style home has been cherished and meticulously maintained for the past 20 years. Components are in great condition. The roof was replaced in 2021 & extra insulation added, breaker panel in 2022, HVAC is 15 seer & serviced bi-annually. Property sprayed every 3 months by Terminix. New gutters both house & barn! A large laundry room accessed through the 2 car garage has air conditioning & a ton of storage! The entire interior is tile & has been freshly painted inside & out. Layout offers 2 living areas a formal dining & a quaint kitchen w/ all new appliances. A perfect foundation w/ plenty of room to grow & even add a guest house! Views are gorgeous! A wall of French doors opens onto a darling covered porch with an adjacent multi level deck, giving you tons of entertaining space w/ multiple seating arrangements covered by sun shades & stylish umbrellas! There's 10 pineapple plants, cheery yellow flowering vines lining the railings & nearby jasmine sweetens the air w/ its heavenly aroma. The hot tub & paver propane firepit are positioned perfectly to unwind & relax overlooking the pond, mountainous terrain, 3 acre pasture, 2 grass paddocks and quintessential barn! The entire property is fenced & cross fenced w/ an automatic gate & a fantastic security system both indoors & out. Cameras w/battery back up, allow you to see your horses & visitors from your phone! Transferable through Hudson Security & just $40 a month! Home has a well, so NO water bill and the electric bill is always below average! Now for the EQUESTRIAN portion! The set up is superb w/ 5 stalls equip with automatic water, operable windows, horse mats, hay racks, lighting & fans in each 12x12 stall. Some of the stalls have dutch doors & special enclosed wall & ceiling fans. There’s also a tack & feed room, hay room w/ mini fridge & a place for your mower & ATV. Set up also includes a built in manure compost, electric fence, 2 shelters, concrete wash area & small horse pen w/ grass. A carport was also added to protect hay bails from the rain. Barn is tongue & groove pine with a metal roof. No annoying HOA, just fantastic neighbors when you need them! An organic hydroponic farm is across the street, forget borrowing a cup of sugar, head over for the BEST produce around! Obviously dreams like this need cultivating, so the sellers are open to discussion on their Honda Rancher ATV, Gravely mower and Kioti tractor with buckets, forks, bush hog and is of course sexy! Just minutes from local restaurants, shopping and schools including world renowned Montverde Academy! Enjoy our Chain of Lakes and the quick commute to Historic Downtown Winter Garden!
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Location
Property Details
Parking
- Description: Garage Door Opener, In Garage, Parking Pad
- Details: Driveway, Garage Door Opener, Attached
- Garage Spaces: 1
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 3
Bathroom Information
- # of Baths (Full): 2
- # of Baths (Total): 2.0
Interior Features
- # of Rooms: 7
- # of Stories: 1
Exterior Features
- Exterior Walls Materials: Brick
- Foundation: Slab
- Roof Material: Shingle
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 062226000200008100
- Lot Size: 216929 sqft
Property Information
- Property Type: Single Family Residence
- Style: Ranch
- Year Built: 1973
Tax Information
- Annual Tax: $2,705
Utilities
- Water & Sewer: Private, Well
- Heating: Central
- Cooling: Central Air
Location
- County: Lake
Listing Details
Investment Summary
- Monthly Cash Flow
- -$2,209
- Cap Rate
- 2.7%
- Cash-on-Cash Return
- -15.4%
- Debt Coverage Ratio
- 0.44
- Internal Rate of Return (5 years)
- -10.9%
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:
| $749,900 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$599,920 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $149,980 |
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:
| $22,497 |
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:
| $172,477 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 1,632 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $460 |
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:
| $1.72 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $599,920 |
|---|---|
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:
| 6.810% |
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:
| $3,915 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $226 |
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:
| $196 |
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:
| $4,337 |
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:
| $2,800 | $33,600 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$168 | -$2,016 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $2,632 | $31,584 |
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. | 8% | -$226 | -$2,706 |
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% | -$196 | -$2,352 |
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% | -$224 | -$2,688 |
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% | -$140 | -$1,680 |
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% | -$140 | -$1,680 |
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 | 33% | -$926 | -$11,106 |
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:
| $1,706 | $20,472 |
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. | -$3,915 | -$46,980 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $2,209 | $26,508 |