$879,000
Investment Summary
- Monthly Cash Flow
- -$2,655
- Cap Rate
- 2.5%
- Cash-on-Cash Return
- -15.8%
- Debt Coverage Ratio
- 0.41
- Internal Rate of Return (5 years)
- -11.2%
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
Well maintained 4 Bedroom, 2.5 Bathroom, Pool home with a den, located in the desirable Prairie Creek Park community. OVER 7 fenced acres, perfect for equestrian family, hobby farmers, or anyone seeking a peaceful country lifestyle. NO FLOOD REQUIRED! CLICK ON THE VIRTUAL TOUR LINK 1 FOR THE VIDEO AND VIRTUAL LINK 2 FOR THE 3D TOUR. This home has a sunken living room with a stone accent wall that serves as a unique focal point, while natural light pours in through a large glass slider that opens to the lanai—perfect for seamless indoor-outdoor entertaining. Just off the living room is a flexible office space that flows into the kitchen to use as an additional room to suit your needs. The kitchen offers ALL stainless-steel appliances, ample counter space, abundant cabinetry, a coffee/wine bar, breakfast bar, closet pantry, and built-in desk. The spacious master suite has two glass sliders—one opening to the lanai and the other to the backyard—for plenty of natural light and private outdoor access. The en-suite bathroom has dual closets, a double vanity with dedicated makeup space, a relaxing jacuzzi soaking tub, and a walk-in glass-door shower. Just off the master suite, a versatile guest room features a walk-in closet and convenient access to a nearby half bathroom. With a private entry from the master, this flexible space is perfect as a nursery, media room, meditation/exercise room, or additional guest quarters—tailored to suit your lifestyle. The additional guest rooms are on a split floor plan, providing plenty of privacy, with built-in closets and a shared guest bathroom with a shower/tub combo and access to the lanai. Start your day with a peaceful cup of coffee or unwind with your favorite evening beverage on the patio with tranquil pasture views, plenty of space for entertaining and an above ground spa. Enjoy a newly resurfaced, oversized 8-foot deep, pool & pool deck with plenty of room for soaking up the Florida sun, surrounded by a 2025 pool cage. The 34'x30' barn, complete with a new 2024 roof and gutters, is thoughtfully equipped for all your equestrian needs. It features four horse stalls—including a spacious foaling stall that can easily be converted into a fifth stall—along with a feed room, an A/C-equipped tack room with a refrigerator, high-powered fans, a hot water wash rack, and a full dressage arena with mirrors. The land features four fully fenced paddocks/pastures, offering ample space for animals or future agricultural use & a pond. A storage shed, covered storage area for your mower and tools, and a hay storage shed provide excellent utility and organization for all your outdoor needs. The property is enhanced by fresh, lush landscaping, adding curb appeal and a serene natural backdrop. A paved parking pad offers a convenient and secure place to park larger vehicles, trailers, or equipment. 2015 METAL ROOF - INSULATED STORM WINDOWS - TWO A/C UNITS - ALL FURNITURE & GARAGE APPLIANCES ARE NEGOTIABLE. Prairie Creek offers 22 miles of groomed green belt horse riding trails for the horse enthusiast, where you can experience the pinnacle of luxury living; privacy, access to hiking and horseback riding trails. Prairie Creek Park community also backs up to Shell and Prairie Creeks—offering kayaking and boating access just a mile away Punta Gorda's airport, vibrant downtown, boutiques and dining options are just 15 minutes away, with easy access to I-75 and boating, fishing, and golf nearby. Schedule your showing TODAY!
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Location
Property Details
Parking
- Description: Detached Garage
- Details: Driveway, Garage Faces Side, Attached
- Garage Spaces: 2
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 4
Bathroom Information
- # of Baths (Full): 2
- # of Baths (Total): 3.0
Interior Features
- # of Rooms: 9
- # of Stories: 1
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Concrete Block
- Foundation: Slab
- Roof Material: Metal
- Pool: Yes
HOA
- Has HOA: Yes
- Association: Palmer Property Management
- HOA Fee: $590/annually
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 402414251002
- Lot Size: 311454 sqft
Property Information
- Property Type: Single Family Residence
- Year Built: 1982
Tax Information
- Annual Tax: $3,732
Utilities
- Water & Sewer: Private, Well
- Heating: Central, Electric
- Cooling: Central Air
Location
- County: Charlotte
Listing Details
Investment Summary
- Monthly Cash Flow
- -$2,655
- Cap Rate
- 2.5%
- Cash-on-Cash Return
- -15.8%
- Debt Coverage Ratio
- 0.41
- Internal Rate of Return (5 years)
- -11.2%
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:
| $879,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$703,200 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $175,800 |
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:
| $26,370 |
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:
| $202,170 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 3,259 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $270 |
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:
| $0.98 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $703,200 |
|---|---|
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:
| $4,503 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $311 |
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:
| $224 |
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:
| $5,038 |
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:
| $3,200 | $38,400 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$192 | -$2,304 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $3,008 | $36,096 |
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. | 10% | -$311 | -$3,732 |
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% | -$224 | -$2,688 |
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% | -$256 | -$3,072 |
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% | -$160 | -$1,920 |
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% | -$160 | -$1,920 |
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% | -$49 | -$588 |
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 | 36% | -$1,160 | -$13,920 |
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:
| $1,848 | $22,176 |
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. | -$4,503 | -$54,036 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $2,655 | $31,860 |