$698,000
Investment Summary
- Monthly Cash Flow
- -$2,107
- 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
Golfers, Tennis, and Pickleball players, welcome to your, recently renovated, move-in-ready, unique, waterfront home! It is located in the beautiful, gated, premier golf course community, of Riverwood, in Port Charlotte, Florida. This home offers a lifestyle of luxury and recreation. The attractive curb appeal, of this charming 2-bedroom, 2-bath + den home, is enhanced by meticulous landscaping, a new, flat-tiled roof (2024), a recently painted exterior, and elegant lantern lights (2022). Step inside to be greeted by breathtaking, unobstructed views of the brick-paved lanai, custom-built heated saltwater pool (with a new motor in 2025), a waterfall feature, and a serene pond, all visible through a wall of sliding glass doors that flood the space, with natural light. This open-concept home features an inviting kitchen, completely remodeled in 2022. It boasts new white shaker-style cabinetry, elegant Blue Dunes granite countertops, and a classic white, Italian subway tile, backsplash. Stainless-steel appliances, a porcelain farm sink, an instant hot water faucet, double ovens, and a professional range hood, vented to the exterior, complete this timeless kitchen. The living room opens seamlessly to the lanai, and it showcases a stunning, custom-designed, China cabinet and wine bar, with a Savannah brick countertop and backsplash. The master suite offers a tranquil retreat, with a tray ceiling and lanai access. The ensuite bathroom features walk-in closets, enhanced cabinetry, with new granite countertops, dual undermounted sinks, upgraded waterfall faucets, and sparkling chandeliers (2023) for a luxurious touch. The guest bathroom mirrors this elegance. French doors lead to the spacious den/office, suitable for a sofa bed, to accommodate extra guests. The laundry room includes a work sink, with a granite surround, and ample cabinetry for storage. Additional features, of this well appointed home, include an in-wall pest system, large 18x18 ceramic tiles laid on the diagonal, crown molding throughout, plantation shutters, updated lighting, ceiling fans, sinks, hardware, and toilets (2022). Hurricane protection includes roll-down shutters, on the front door, and lanai, plus an electric, retractable awning, for instant shade. The picture window screen, on the lanai, perfectly frames the stunning Florida sunsets, and vibrant wildlife. Riverwood combines natural beauty with resort-style amenities. This Audubon Award-winning green community features lush landscaping, and thriving wildlife. Residents enjoy access to a Par 72 golf course, ranked # 15, in the US, and #1 in the state by Golf Advisors, in 2021, with no mandatory membership. Other amenities include six lighted Har-Tru tennis courts, six pickleball courts, a state-of-the-art fitness center, resort-style pool, with lap lanes and hot tub, a dog park, lawn croquet, bocce courts, a craft room, and a library. Conveniently located near the Tampa Bay Rays, and Atlanta Braves spring training facilities, this home is also close to pristine beaches in Boca Grande, Englewood, and Venice. Riverwood offers a Beach Club, on Manasota Key, along the Gulf of Mexico; membership is based on availability. Don’t miss the opportunity to own this extraordinary, upgraded, waterfront retreat, in one of the most sought-after communities. Home furnishings are negotiable.
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Location
Property Details
Parking
- Description: Garage Door Opener
- Details: Driveway, Garage Door Opener, Attached
- Garage Spaces: 2
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 2
Bathroom Information
- # of Baths (Full): 2
- # of Baths (Total): 2.0
Interior Features
- # of Rooms: 7
- # of Stories: 1
Exterior Features
- Exterior Walls Materials: Stucco
- Foundation: Slab
- Roof Material: Concrete
- Pool: Yes
HOA
- Has HOA: Yes
- Association: Riverwood Community Association
- HOA Fee: $911/quarterly
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 402117161014
- Lot Size: 7067 sqft
Property Information
- Property Type: Single Family Residence
- Style: Florida, Traditional
- Year Built: 2012
Tax Information
- Annual Tax: $7,713
Utilities
- Water & Sewer: Public
- Heating: Electric
- Cooling: Central Air
Location
- County: Charlotte
Listing Details
Investment Summary
- Monthly Cash Flow
- -$2,107
- 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:
| $698,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$558,400 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $139,600 |
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:
| $20,940 |
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:
| $160,540 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 1,805 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $387 |
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:
| $1.94 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $558,400 |
|---|---|
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:
| $3,575 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $643 |
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:
| $245 |
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:
| $4,463 |
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:
| $3,500 | $42,000 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$210 | -$2,520 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $3,290 | $39,480 |
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% | -$643 | -$7,713 |
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% | -$245 | -$2,940 |
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% | -$280 | -$3,360 |
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% | -$175 | -$2,100 |
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% | -$175 | -$2,100 |
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. | 9% | -$304 | -$3,648 |
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 | 52% | -$1,822 | -$21,861 |
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:
| $1,468 | $17,616 |
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. | -$3,575 | -$42,900 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $2,107 | $25,284 |