$1,399,000
Investment Summary
- Monthly Cash Flow
- -$4,211
- Cap Rate
- 2.5%
- Cash-on-Cash Return
- -15.7%
- Debt Coverage Ratio
- 0.41
- Internal Rate of Return (5 years)
- -11.2%
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
Imagine enjoying serene water views, sipping coffee on your rear lanai as the morning sun dances across the lake. Every day can start this way at 13035 Stoddart Avenue—a home designed for both grand entertaining and quiet moments. Positioned on a rare, oversized .20-acre waterfront lot in Lake Nona’s Laureate Park, this executive-style home is a sanctuary where timeless craftsman design meets modern luxury. Step through the front door and be greeted by soaring 12-foot ceilings, wood-look tile plank floors, and an abundance of natural light that fills every corner. Plantation shutters frame the front and side windows, while the windows at the rear of the home have electric blinds that open to stunning water vistas. An open-concept kitchen and family room invite connection and conversation. The single slab quartzite island takes center stage in the chef’s kitchen, complete with stainless steel appliances, double ovens, induction cooktop, Bosch dishwasher, butler’s pantry, and a separate walk-in pantry with custom storage. Thoughtful details like upgraded lighting and glass-front cabinetry elevate the space, while a seamless flow to the lanai creates effortless indoor-outdoor living. The rear covered patio with retractable screens becomes your private retreat—either open to the sunshine or screened living space when desired at the touch of a button. Enjoy evenings by the firepit, enhanced by upgraded outdoor lighting and a built-in sound system. The expansive backyard offers plenty of room for a pool, making it the perfect setting for your Florida dream lifestyle. Upstairs, a sprawling loft with electric blackout shades provides a versatile space for movie nights, a game room, or a home gym. Newly installed luxury vinyl plank flooring adds style and durability throughout the second floor. The owner’s suite has breathtaking water views, electric retractable blinds, and a spa-inspired ensuite bath featuring dual vanities, a rain shower with bench, and walk-in California Closet. Three additional upstairs bedrooms include spacious closets and beautifully updated bathrooms, while a convenient laundry room with sink and granite countertop completes the 2nd floor. This home has been meticulously upgraded with every detail considered, including a brand-new roof (2025), smart home features including Google Nest thermostats, Wi-Fi ready garage door openers, wired HD cameras, and a video doorbell. The garage offers epoxy floors, loft-style storage racks, and two EV charging stations (one inside and one outdoors). Additional characteristics of this home include a 1st-floor guest bedroom with ensuite bath, a 1st-floor home office or bonus room with access to the garage, drop zone with custom cabinetry, new upstairs HVAC system (2024), UV sterilization lights in both air handlers, surround sound wiring in the family room and loft, LED ceiling lights, upgraded fans and lighting fixtures, fresh interior and exterior paint. Laureate Park residents enjoy resort-style amenities including pools, a fitness center, community gardens, playgrounds, dog parks, and miles of trails. Top-rated schools, Medical City, Orlando International Airport, USTA, and Canvas Restaurant are all minutes away. The HOA includes basic cable, high-speed internet, and access to all community amenities. This is more than a home—it’s a lifestyle. Take advantage of this opportunity to own one of Laureate Park’s finest homes on a rare water lot by scheduling your private tour today!
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Location
Property Details
Parking
- Description: Covered, Curb Parking, Driveway, Electric Vehicle Charging Station(s), Garage Door Opener, Ground Level, Off Street, On Street, Open
- Details: Driveway, Electric Vehicle Charging Station(s), Garage Door Opener, Attached
- Garage Spaces: 2
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 5
Bathroom Information
- # of Baths (Full): 4
- # of Baths (Partial): 1
- # of Baths (Total): 5.0
Interior Features
- # of Rooms: 15
- # of Stories: 2
Exterior Features
- Exterior Walls Materials: Stucco
- Foundation: Slab
- Roof Type: Gable or Hip
- Roof Material: Shingle
HOA
- Has HOA: Yes
- Association: Denise Burgos
- HOA Fee: $515/quarterly
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 302431486401390
- Lot Size: 8766 sqft
Property Information
- Property Type: Single Family Residence
- Style: Craftsman
- Year Built: 2019
Tax Information
- Annual Tax: $19,608
Utilities
- Water & Sewer: Public
- Heating: Central, Electric, Zoned
- Cooling: Central Air, Zoned
Location
- County: Orange
Listing Details
Investment Summary
- Monthly Cash Flow
- -$4,211
- Cap Rate
- 2.5%
- Cash-on-Cash Return
- -15.7%
- Debt Coverage Ratio
- 0.41
- Internal Rate of Return (5 years)
- -11.2%
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:
| $1,399,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$1,119,200 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $279,800 |
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:
| $41,970 |
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:
| $321,770 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 4,198 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $333 |
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:
| $1.64 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $1,119,200 |
|---|---|
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:
| $7,166 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $1,634 |
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:
| $9,283 |
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. | 24% | -$1,634 | -$19,609 |
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. | 2% | -$172 | -$2,064 |
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 | 51% | -$3,531 | -$42,373 |
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:
| $2,955 | $35,460 |
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. | -$7,166 | -$85,992 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $4,211 | $50,532 |