$1,199,000
Investment Summary
- Monthly Cash Flow
- -$4,613
- Cap Rate
- 1.5%
- Cash-on-Cash Return
- -20.1%
- Debt Coverage Ratio
- 0.25
- Internal Rate of Return (5 years)
- -15.4%
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
OR BEST OFFER! All about that lake life… Are you a boat lover? Enjoy watching occasional seaplanes land on the lake straight from your own TWO STORY DOCK? Enjoy fishing from your own backyard? Want a boat lift? A double walkable jet ski ramp? A pier? A Tiki-Hut? Wishing for your own little paradise in a NO flood zone and NO HOA location? Say no more and experience the enhanced resort-lifestyle offered by this fully furnished single-family home's many appealing features, such as: •Tastefully furnished with sophisticated pieces including outdoor concrete furniture, lounge chairs, porch swings, plants, sculptures and then some. •Less than 10 years new - built in 2017: concrete block, masonry & metal roof. •A Solar-Powered Gate Opener welcomes you to one of the most desirable 2.534 acres on Reedy Lake. The gate also includes 2 remotes. •Asphalt Driveway, three 50AMP RV pads with water [no sewage] - one being a covered RV Carport. •Both garages built in 2021 include storage shelves, cabinets, windows, and doors. Both garages, RV Carport and both Sheds include electricity & METAL ROOFS. 2-car garage includes 2 remotes. The 4-car includes 1 remote for the golf cart/office bay. Office includes split-unit AC, refrigerator, storage cabinets, desk & TV. •Full house 500 Gallon Generac Generator [tank buried under a green lid in the backyard]. •High-end low maintenance 27ft saltwater above-ground pool, 54 inches deep & buried inground 24 inches deep. •High-quality 20x20 Tiki Hut built by Seminole Tiki Hut. •Two-Story Dock w/double walkable Jet Ski Ramp & Boat Lift w/approx 4500lb weight capacity & a screened-in top level w/captivating 360-degree views. •The front of the home includes a large screened-in porch (approx 10x49) facing Reedy Lake offering striking sunrise and sunset views. •The rear of the home faces Lake Reedy Blvd includes a Florida Sunroom w/2 pull out sofabeds, windows & screens, hurricane shutters, new split-unit AC, may be converted into a 3rd bedroom or utilized as a guest room. •The addition of the Florida Sunroom & extension of the rear screened porch increased the home’s gross square footage bringing the base under AC to 1771.50sf. Does not include the air-conditioned office inside the 4-car garage. •Energy efficient features: PGT Impact Windows in the main part of the home, PGT Impact 15-16ft Pocket Slider, Tankless Water Heater, DIGITAL AUTOMATIC SPRINKLER SYSTEM ON 90% OF THE PROPERTY, St. Augustine grass in front & rear of the property, Septic serviced 11/24/24, Well & water filtering system serviced 4/17/25 and HVAC serviced 4/28/25. •Kitchen includes garbage disposal, fixtures and all Samsung appliances: new dishwasher March 2025, oven, microwave, refrigerator, stove. Cambria-Quartz countertops in kitchen & bathrooms, ceramic tiled floors throughout the home including front & rear porches, Bahama Shutters in bedrooms, pull-down blinds in living room, ceiling fans in bedrooms, living room & in all 3 porches. •Spacious laundry room inside the home, new full-sized washer March 2025, dryer with a new heating element 2024, storage cabinets galore & side door. *Measurements including property dimensions, home and dock square footage, and boatlift weight are an approximation. Buyers are encouraged to independently verify all information herein.*
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: Boat
- Details: Covered, Driveway, Garage Door Opener, Golf Cart Garage, Parking Pad, RV Carport, Garage, Workshop in Garage
- Garage Spaces: 6
- 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 Type: Gable
- Roof Material: Metal
- Pool: Yes
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 283202000000043050
- Lot Size: 110381 sqft
Property Information
- Property Type: Single Family Residence
- Year Built: 2017
Tax Information
- Annual Tax: $2,347
Utilities
- Water & Sewer: Private, Well
- Heating: Central
- Cooling: Central Air, Ductless
Location
- County: Polk
Listing Details
Investment Summary
- Monthly Cash Flow
- -$4,613
- Cap Rate
- 1.5%
- Cash-on-Cash Return
- -20.1%
- Debt Coverage Ratio
- 0.25
- Internal Rate of Return (5 years)
- -15.4%
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:
| $1,199,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$959,200 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $239,800 |
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:
| $35,970 |
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:
| $275,770 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 1,771 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $677 |
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:
| $1.41 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $959,200 |
|---|---|
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:
| $6,142 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $196 |
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:
| $175 |
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:
| $6,513 |
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:
| $2,500 | $30,000 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$150 | -$1,800 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $2,350 | $28,200 |
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% | -$196 | -$2,348 |
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% | -$175 | -$2,100 |
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% | -$200 | -$2,400 |
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% | -$125 | -$1,500 |
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% | -$125 | -$1,500 |
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% | -$821 | -$9,848 |
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:
| $1,529 | $18,348 |
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. | -$6,142 | -$73,704 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $4,613 | $55,356 |