$3,590,000
Investment Summary
- Monthly Cash Flow
- -$15,516
- Cap Rate
- 1.0%
- Cash-on-Cash Return
- -22.5%
- Debt Coverage Ratio
- 0.16
- Internal Rate of Return (5 years)
- -17.8%
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
Under contract-accepting backup offers. Luxury HOME 8 Bedroom (all Suite) - with One acre lot in exclusive Lake Cawood Estates in Windermere. Built from ICF insulated concrete blocks for superior energy efficiency and hurricane protection with foam roof insulation, barrel tile roof and $25k whole house generator included. this home features the latest in technology and designer trends-whole house zoned audio system, multi point camera security system, 4 tankless energy efficient hot water heaters, three top of the line American Standard a/c units, designer light fixtures, wood plank effect ceramic tile flooring to all common areas, luxury bathrooms to ALL bedrooms. Triple attached garage and attached carport for plenty of parking spaces and storage. The huge block paved driveway at the front of home leaves plenty of space for guests too. The home features multiple living spaces-the formal sitting room to the front of house with faux fireplace, the large family room that acts as the hub of the home and den off the kitchen as an ideal informal hang out or playroom. The formal dining room features a custom ceiling with LED lights, silver tile feature wall and plenty of space to seat 12 in comfort. Butler’s pantry just off the dining room has sink, beverage fridge and cabinets. The kitchen is a chef’s dream with GE Monogram appliances throughout including a built-in pizza oven, two dishwashers, gas range and electric double wall oven. Huge kitchen island with waterfall edge granite worktop. The informal breakfast area has a custom table with matching granite top included in the sale. Large walk-in pantry with separate ‘mud room’ with dual beverage fridges, washer and dryer and ample storage as well as access to car port. All 6 bedrooms have private baths, walk-in closets-Two bedrooms have custom closets by California Closets. Large guest suite downstairs with direct pool access, all other bedrooms upstairs. Multipurpose room also features its own bathroom upstairs and currently used as a playroom and movie theater with screen and projector included. Could be used as a 7th bedroom. Huge loft area with bar including two refrigerators, dishwasher, ice machine, and sink is a great entertaining space. Access to the south balcony where you can view Disney fireworks from the comfort of your home. Second laundry room upstairs with washer, dryer, ample cabinets and Belfast sink. Outside the home really wows-A huge lanai houses a custom built summer kitchen with waterproof cabinets-48” DSC grill, separate teppanyaki cooking surface, multiple fridges including a beer tap, ice maker and so much more. Undercover dining space and seating area. Leading from the lanai is the fantastic pool, custom designed and built by well-respected Artisan Pools. Water feature powered by separate pump, LED lighting, separate raised spa and waterproof TV included in sale. Top of the line electric and gas water heaters installed. Separate gym / multipurpose room accessed via courtyard with rubber flooring and mirrored wall. The level acre lot affords a huge yard for anything you can dream of. Located less tha a mile from Publix and multiple restaurants the location cannot be beat and zoned for Windermere High School. Too many features to mention in this beautiful home.
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: Driveway, Garage Door Opener, Garage Faces Side, Oversized
- Details: Driveway, Garage Door Opener, Garage Faces Side, Oversized, Attached
- Garage Spaces: 3
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 8
Bathroom Information
- # of Baths (Full): 7
- # of Baths (Partial): 1
- # of Baths (Total): 8.0
Interior Features
- # of Rooms: 11
- # of Stories: 2
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Stucco
- Foundation: Slab
- Roof Type: Gable or Hip
- Roof Material: Tile
- Pool: Yes
HOA
- Has HOA: Yes
- Association: Specailty Management Company
- HOA Fee: $1,800/annually
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 142327411200160
- Lot Size: 43540 sqft
Property Information
- Property Type: Single Family Residence
- Year Built: 2017
Tax Information
- Annual Tax: $37,400
Utilities
- Water & Sewer: Private, Well
- Heating: Electric, Heat Pump, Zoned
- Cooling: Central Air, Zoned
Location
- County: Orange
Listing Details
Investment Summary
- Monthly Cash Flow
- -$15,516
- Cap Rate
- 1.0%
- Cash-on-Cash Return
- -22.5%
- Debt Coverage Ratio
- 0.16
- Internal Rate of Return (5 years)
- -17.8%
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:
| $3,590,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$2,872,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $718,000 |
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:
| $107,700 |
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:
| $825,700 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 8,203 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $438 |
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:
| $1.08 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $2,872,000 |
|---|---|
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:
| $18,390 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $3,117 |
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:
| $623 |
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:
| $22,130 |
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:
| $8,900 | $106,800 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$534 | -$6,408 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $8,366 | $100,392 |
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. | 35% | -$3,117 | -$37,401 |
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% | -$623 | -$7,476 |
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% | -$712 | -$8,544 |
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% | -$445 | -$5,340 |
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% | -$445 | -$5,340 |
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% | -$150 | -$1,800 |
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 | 62% | -$5,492 | -$65,901 |
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:
| $2,874 | $34,488 |
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. | -$18,390 | -$220,680 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | -$15,516 | -$186,192 |