$1,989,999
Investment Summary
- Monthly Cash Flow
- -$7,447
- Cap Rate
- 1.7%
- Cash-on-Cash Return
- -19.5%
- Debt Coverage Ratio
- 0.27
- Internal Rate of Return (5 years)
- -14.9%
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
Welcome to your very own slice of Windermere paradise—where luxury meets laid-back country living and yes, HORSES are welcome! Nestled on over an ACRE with NO HOA or DEED RESTRICTIONS, this stunning 3-bedroom, 3.5-bath home is perfect for anyone craving space, style, and a little bit of saddle time. Step through the oversized double wood doors and you feel the openness with gable ceiling throughout the home. Breeze into the cozy living room, the ideal spot to unwind. From here, the split floor plan offers privacy and function: head left to the primary suite retreat, forward to the spacious recreation room, or right past the dining area and step into the heart of the home, the kitchen.The primary suite is truly a showstopper with a spa-like bathroom featuring a soaking tub and large glass shower- But wait til you see the custom walk-in closet that’s made for a fashionista—complete with ample hanging space for any type of closing, a jewelry display case and dedicated shoe storage. Head past the full pool bathroom towards the formal dining area to the gourmet kitchen-ideal for both cooking and entertaining, offering a center island, counter bar, and casual seating in the breakfast nook. With ample cabinet space, walk-in pantry, and tons of counter area, it seamlessly flows into the family room with a gas fireplace and backyard views. Hosting friends? You’ll love the grand recreation room- Don't let the name fool you! This room is ideal for whatever suits you, from casual entertainmentment, formal living space, or game room, this bright space has walls of sliding glass doors that flood the space with natural light and lead to your resort-style pool area. The pool features a waterfall and grotto, surrounded by a spacious paver-lined deck and covered patio—a true entertainer’s dream! Hidden side entry into an oversized garage with side entry and tall ceilings—great for cars, toys, or tools. The additional bedrooms are tucked on their own wing, offering comfort and privacy, with a shared full bath featuring a Roman shower and generous closet space. But the magic doesn’t stop inside!The backyard borders an undeveloped nature preserve—no rear neighbors! Semi-circle driveway with dual gates, extended side parking for an RV and/or boat, plus RV electric hookup. Detached custom stable featuring tack/feed room with a 12x12 Yoke-Top stall, ready for your four-legged friend. Enjoy riding all around the neighborhood! Bring your boat, Lake Butler is just around the corner and ready for all your water activities! Centrally located minutes away from SR-429, Fla Turnpike and FL-408. Located in charming Windermere, where the Centennial Celebration is in full swing. This home is your get-away from everyday life, step into this lifestyle, where you can work and play and never leave your home! RECENT UPDATES: Metal roof, gutters, exterior painted, pool resurfaced, new tile and pumps (pool and waterfall) matching wood accent ceiling entryway and rear covered patio, new landscaping, grass and irrigation. 2023: remodeled bathrooms (whole home) by designed Nathan Vangas, including primary upgrades of quartz countertops and imported Italian marble flooring,whole home luxury vinyl flooring and baseboards, mudroom refreshed with new sink, countertops, and decorative ceramic tile, whole home interior walls and ceilings painted. Custom luxury walk in primary closet. 2022-2022- Entire home new energy efficient double pane windows and custom shutters, new garage door.
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Location
Property Details
Parking
- Description: Garage Door Opener, Garage Faces Rear, Garage Faces Side, Guest
- Details: Boat, Circular Driveway, Driveway, Garage Door Opener, Oversized, RV Access/Parking, Attached
- Garage Spaces: 2
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 3
Bathroom Information
- # of Baths (Full): 3
- # of Baths (Partial): 1
- # of Baths (Total): 4.0
Interior Features
- # of Rooms: 11
- # of Stories: 1
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Stucco
- Foundation: Slab
- Roof Type: Gable or Hip
- Roof Material: Metal
- Pool: Yes
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 112327445400040
- Lot Size: 46999 sqft
Property Information
- Property Type: Single Family Residence
- Year Built: 1999
Tax Information
- Annual Tax: $7,611
Utilities
- Water & Sewer: Public
- Heating: Central
- Cooling: Central Air
Location
- County: Orange
Listing Details
Investment Summary
- Monthly Cash Flow
- -$7,447
- Cap Rate
- 1.7%
- Cash-on-Cash Return
- -19.5%
- Debt Coverage Ratio
- 0.27
- Internal Rate of Return (5 years)
- -14.9%
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:
| $1,989,999 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$1,591,999 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $398,000 |
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:
| $59,700 |
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:
| $457,700 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 3,240 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $614 |
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:
| $1.51 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $1,591,999 |
|---|---|
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:
| $10,194 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $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:
| $343 |
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:
| $11,171 |
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:
| $4,900 | $58,800 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$294 | -$3,528 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $4,606 | $55,272 |
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. | 13% | -$634 | -$7,611 |
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% | -$343 | -$4,116 |
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% | -$392 | -$4,704 |
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% | -$245 | -$2,940 |
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% | -$245 | -$2,940 |
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 | 38% | -$1,859 | -$22,311 |
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:
| $2,747 | $32,964 |
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. | -$10,194 | -$122,328 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | -$7,447 | -$89,364 |