$2,500,000
Investment Summary
- Monthly Cash Flow
- -$7,921
- Cap Rate
- 2.3%
- Cash-on-Cash Return
- -16.5%
- Debt Coverage Ratio
- 0.38
- Internal Rate of Return (5 years)
- -12.0%
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. Then most luxurious house at the LAKESHORE States! With over $800k in upgrades. A Spectacular House that shows like a model home with all of the builder upgrades and extra custom made features. Model: BRAMANTE PALM BEACH Custom Floor plan. Oversized lot with the best Garden Views of the Community. Nearby National Golf Course beyond the Clubhouse lake. Oversized covered patio with Summer Kitchen and Electric retractable screens. The largest Pool at Lake Shore! Custom made Lap Pool with Salt water system with almost Semi Olympic Size (61ft) and pool decking with multiple seating areas and under water area with inside water Lounge chairs. Enjoy sunsets over the oversized Infinity edge Spa while preparing a meal in your outdoor summer kitchen . At the Kitchen you will find the largest custom made Island built in a Kitchen from Toll Brothers in Florida. This kitchen is perfect with its huge quartz island, top of the line appliances: Induction Wolf Cooktop, Industrial Refrigerator with upgraded JennAir appliances. Upgraded Cabinets with Buttler Pantry with a 2nd Full size refrigerator. The open floor plan has the dining, entertaining and living areas on each side of the kitchen and top-of-the line fixtures. Continuing on the first floor, a 6th Bedroom with a dedicated outside entrance and access to inside the house thru the 1st floor guest suite that can easyealy be converted too a office. On the Second Floor The Luxurious Master bedroom with oversized double walk-in closets came out of a Decor Magazine a must see! The Only House at Lakeshore with a 3rd Dedicated AC Thermostat just for the Master Bedroom! Master closets are Custom built. When You get to the Master bathroom the unique Jacuzzi infra-red Sauna and the 10 heads Shower (Yes 10 Heads!) with electronic Kohler system will make you feel like you have arrived at a 6 stars spa to complete the extra pampering the upgraded Electronic TOTO warming toilet seat. The stairs case have been upgraded with custom made Glass railings The whole house has been upgraded with Smart LUTRON switches (including every single outlet of there house) with 12 security cameras Google/NEST System, SONFY Electric Shades on Living Room and Electric Screens on outside Patio, were you can control All the lights, cameras, shades, AC thermostats and Swimming pool with the touch of your finger from anywhere in the world. There is an upgraded top of the line water filtration system for all the faucets and showers. AC UV Cleaning system that Kills 99.9 of all the ar impurities in each AC equipment. Other noteworthy features include energy-efficient tankless water heater, tile roof, in-wall pest control and so much more. Lakeshore's community center is just steps away with resort-like amenities, the pool with umbrella fountains, Modern fitness center, yoga room, beach volleyball, playgrounds, kayaks and neighborhood activities. 3D VIRTUAL TOUR : https://kuula.co/share/collection/7JPjC?logo=-1&info=0&fs=1&vr=1&initload=0&autorotate=0.22&thumbs=1&inst=0 Showings approved only with proof of funds and pre approval letter sent before showing time to Listing Broker email.
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Location
Property Details
Parking
- Description: Circular Driveway, Covered, Driveway, Garage Door Opener, Guest, Oversized
- Details: Circular Driveway, Covered, Driveway, Garage Door Opener, Guest, Oversized, Attached
- Garage Spaces: 2
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 6
Bathroom Information
- # of Baths (Full): 4
- # of Baths (Partial): 1
- # of Baths (Total): 5.0
Interior Features
- # of Rooms: 7
- # of Stories: 2
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Stucco
- Foundation: Concrete Perimeter, Slab
- Roof Type: Gable or Hip
- Roof Material: Concrete
- Pool: Yes
HOA
- Has HOA: Yes
- Association: First Service Residential/ Lorena Neves
- HOA Fee: $447/monthly
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 052427533102340
- Lot Size: 12378 sqft
Property Information
- Property Type: Single Family Residence
- Style: Contemporary
- Year Built: 2020
Tax Information
- Annual Tax: $19,627
Utilities
- Water & Sewer: Public
- Heating: Baseboard, Central, Electric, Natural Gas, Zoned
- Cooling: Central Air, Zoned
Location
- County: Orange
Listing Details
Investment Summary
- Monthly Cash Flow
- -$7,921
- Cap Rate
- 2.3%
- Cash-on-Cash Return
- -16.5%
- Debt Coverage Ratio
- 0.38
- Internal Rate of Return (5 years)
- -12.0%
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:
| $2,500,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$2,000,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $500,000 |
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:
| $75,000 |
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:
| $575,000 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 4,769 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $524 |
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:
| $2.12 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $2,000,000 |
|---|---|
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:
| $12,806 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $1,636 |
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:
| $707 |
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:
| $15,149 |
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:
| $10,100 | $121,200 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$606 | -$7,272 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $9,494 | $113,928 |
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. | 16% | -$1,636 | -$19,628 |
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% | -$707 | -$8,484 |
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% | -$808 | -$9,696 |
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% | -$505 | -$6,060 |
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% | -$505 | -$6,060 |
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. | 4% | -$448 | -$5,376 |
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 | 46% | -$4,609 | -$55,304 |
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:
| $4,885 | $58,620 |
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. | -$12,806 | -$153,672 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $7,921 | $95,052 |