$1,420,000
Investment Summary
- Monthly Cash Flow
- -$4,715
- Cap Rate
- 2.2%
- Cash-on-Cash Return
- -17.3%
- Debt Coverage Ratio
- 0.35
- Internal Rate of Return (5 years)
- -12.7%
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
SELLER SAYS MAKE AN OFFER! Seller will consider buyer closing cost/incentives with acceptable offer! This home is a MUST See! You are walking distance to the highly sought after Laureate Park Elementary- No carpool lines!! This Reef model built by David Weekley offers a highly desired floor plan for the main house and a detached garage apartment. Situated on a Mew in Laureate Park, this home has a serene front view. Upon entry, you will adore the front wrap around side porch. As you enter the home you will appreciate the dedicated office space with detail trim work and a storage closet. Craftsman style built, this home features tall 12ft ceilings and stunning wood ceiling beamsThe kitchen, dining and family room are open concept and is excellent for entertaining and gathering. Your kitchen provides ample storage space, double stacked cabinets and a large center island. Gas cooktop, built in oven and microwave as well as a walk in pantry. The dining room features built in cabinetry for buffet storage and space that flows seamlessly from the kitchen. The family room is spacious and provides views out to your private pool. The primary suite is on the main floor and is large and your en-suite provides a very spacious and custom built out walk in closet. Noted is a large walk in shower with rain head shower and a dual sink vanity with great storage. The laundry room is on the main floor and offers more storage and a utility sink. Upstairs you will retreat to your secondary rooms which offer great natural light and space. The bonus loft area is ideal for a gym, extra office, play space or movie room. If you are looking for extra income, the garage apartment can be rented out of used for guest. This apartment is so spacious and features a kitchen, studio style bedroom and en-suite. This is one of the nicest apartments I have seen in Laureate Park! Your guest will enjoy private entry access as well! The swimming pool and spa are gorgeous! You have space for an outdoor chiminea or fireplace, great lounging space and the back yard is fully fenced in. 3 car garage is detached and has updated electrical which is great for a workshop space and also features EV charging outlet. The home has been well maintained and offers upgrades such as Plantation Shutters, Crown Molding and Engineered Wood Flooring. This home is walkable to the Laureate Park Elementary, convenient to the Nona Adventure Park and easy access to the dog park and community garden. HOA amenities include fitness center, aquatic center, basketball and tennis court, high speed internet is included as well! You can enjoy Boxi Park, Canvas and the small businesses in Laureate Park. Nemours Children's Hospital, UCF Medical School, The VA Hospital and the USTA is less than 5 minutes away. You will enjoy plenty of walking paths and bike trails. Easy access to the 417 and the 528, you are less than 20 minutes to MCO (Orlando International Airport). Nature lovers will enjoy being minutes to Moss State Park and plenty of lakes for fishing, kayaking and paddle boarding. Golfers will enjoy the choices of local and private courses in the immediate area. Downtown Orlando is approximately a 25 minute drive and if you like the Coast, that is about a 45 minute drive away! Watch the walk through video for an immersive tour of this home and call for your private showing!
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Location
Property Details
Parking
- Description: Alley Access, Driveway, Garage Door Opener, Garage Faces Rear, Garage Faces Side, On Street
- Details: Garage Door Opener, Garage Faces Rear
- Garage Spaces: 3
- 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: 10
- # of Stories: 2
Exterior Features
- Foundation: Slab
- Roof Type: Gable or Hip
- Roof Material: Shingle
- Pool: Yes
HOA
- Has HOA: Yes
- Association: Artemis Lifestyles
- HOA Fee: $533/quarterly
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 252430494501860
- Lot Size: 10164 sqft
Property Information
- Property Type: Single Family Residence
- Style: Craftsman, Traditional
- Year Built: 2014
Tax Information
- Annual Tax: $19,322
Utilities
- Water & Sewer: Public
- Heating: Central, Electric, Propane
- Cooling: Central Air
Location
- County: Orange
Listing Details
Investment Summary
- Monthly Cash Flow
- -$4,715
- Cap Rate
- 2.2%
- Cash-on-Cash Return
- -17.3%
- Debt Coverage Ratio
- 0.35
- Internal Rate of Return (5 years)
- -12.7%
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:
| $1,420,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$1,136,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $284,000 |
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:
| $42,600 |
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:
| $326,600 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 3,802 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $373 |
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:
| $1.66 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $1,136,000 |
|---|---|
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:
| $7,274 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $1,610 |
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:
| $441 |
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:
| $9,325 |
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:
| $6,300 | $75,600 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$378 | -$4,536 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $5,922 | $71,064 |
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. | 26% | -$1,610 | -$19,322 |
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% | -$441 | -$5,292 |
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% | -$504 | -$6,048 |
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% | -$315 | -$3,780 |
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% | -$315 | -$3,780 |
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. | 3% | -$178 | -$2,136 |
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 | 53% | -$3,363 | -$40,358 |
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:
| $2,559 | $30,708 |
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. | -$7,274 | -$87,288 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | -$4,715 | -$56,580 |