$675,000
Investment Summary
- Monthly Cash Flow
- -$1,888
- Cap Rate
- 2.8%
- Cash-on-Cash Return
- -14.6%
- Debt Coverage Ratio
- 0.45
- Internal Rate of Return (5 years)
- -10.1%
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
Located in the sought-after community of Burnt Store Lakes, this custom, high-quality waterfront home features a pool with a waterfall, designed for a life well-lived. Positioned on a premium lakefront lot with a 20+ acre conservation area directly across the street, it provides exceptional privacy and a serene setting you’ll appreciate every day. The three-bedroom, two-bath + den great room plan was thoughtfully designed to showcase panoramic 400 ft long lake views from most rooms. Zero-corner sliders in the great room erase the boundaries between inside and out, creating a natural flow for entertaining or quiet enjoyment. Plantation shutters, crown molding, rich hardwood, and staggered tile flooring, along with a soothing color palette, make the interiors as inviting as the outdoors. Entertaining is effortless in the beautifully appointed kitchen, featuring 42-inch soft-close cabinetry, gleaming quartz countertops, and a stylish glass tile backsplash. The space is thoughtfully designed with bar seating, a spacious closet pantry, under-cabinet lighting, and a dedicated coffee bar that adds a touch of luxury to your daily routine. The formal dining space offers stunning pool and lake views. Experience the ultimate in casual dining by stepping outside to our inviting poolside summer kitchen and outdoor dining areas—perfect for relaxed meals and unforgettable moments. Relax and unwind in this stunning owner's suite with French doors opening onto the spacious lanai. Indulge in the spa-inspired bath with a luxurious rain shower, and enjoy every detail designed for comfort and style. Keep your life perfectly organized with double California closets, while the double vanities and linen closet add extra functionality. The den/office features a large window with a transom top, filling the room with gentle natural light and crafting a warm, inviting atmosphere. Guest bedrooms are spacious and come with generous closets, ensuring comfort and convenience for everyone. This home has been impeccably maintained and every detail thoughtfully planned — from WiFi-enabled security, climate control, and irrigation systems to the epoxy-finished garage with overhead storage and generator hook-up. All exterior doors and windows are equipped with impact-resistant storm protection. The driveway, sidewalk, porch, lanai, and pool deck are finished with attractive stone pavers. Low-maintenance rock beds, framed by concrete curbing and supported by an irrigation system, keep the landscaping looking neat year-round. This prime location in Punta Gorda’s Burnt Store Corridor transforms everyday living into a tropical getaway. Enjoy the luxury of having Burnt Store Marina & Country Club right next door, where world-class amenities await. Spend your mornings on the water, your afternoons on the golf course or courts, and your evenings savoring fine dining overlooking the marina—an unmatched lifestyle, just minutes from home. Burnt Store Lakes is about 30 minutes from Punta Gorda Airport and a one-hour drive from Fort Myers Airport.
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Location
Property Details
Parking
- Description: Garage
- Details: Attached
- Garage Spaces: 2
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 3
Bathroom Information
- # of Baths (Full): 2
- # of Baths (Total): 2.0
Interior Features
- # of Rooms: 9
- # of Stories: 1
Exterior Features
- Exterior Walls Materials: Stucco
- Roof Material: Tile
- Pool: Yes
HOA
- Has HOA: Yes
- Association: Dawn Caniff
- HOA Fee: $494/annually
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 422331205005
- Lot Size: 9599 sqft
Property Information
- Property Type: Single Family Residence
- Year Built: 2018
Tax Information
- Annual Tax: $6,337
Utilities
- Water & Sewer: Public
- Heating: Central, Electric
- Cooling: Central Air
Location
- County: Charlotte
Listing Details
Investment Summary
- Monthly Cash Flow
- -$1,888
- Cap Rate
- 2.8%
- Cash-on-Cash Return
- -14.6%
- Debt Coverage Ratio
- 0.45
- Internal Rate of Return (5 years)
- -10.1%
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:
| $675,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$540,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $135,000 |
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:
| $20,250 |
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:
| $155,250 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 2,040 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $331 |
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:
| $1.52 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $540,000 |
|---|---|
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:
| $3,458 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $528 |
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:
| $217 |
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:
| $4,203 |
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:
| $3,100 | $37,200 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$186 | -$2,232 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $2,914 | $34,968 |
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. | 17% | -$528 | -$6,338 |
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% | -$217 | -$2,604 |
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% | -$248 | -$2,976 |
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% | -$155 | -$1,860 |
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% | -$155 | -$1,860 |
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. | 1% | -$41 | -$492 |
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 | 43% | -$1,344 | -$16,130 |
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:
| $1,570 | $18,840 |
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. | -$3,458 | -$41,496 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $1,888 | $22,656 |