$697,900
Investment Summary
- Monthly Cash Flow
- -$2,261
- Cap Rate
- 2.3%
- Cash-on-Cash Return
- -16.9%
- Debt Coverage Ratio
- 0.37
- Internal Rate of Return (5 years)
- -12.3%
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
**MOTIVATED SELLER** Welcome to the Gated Community of Juliette Falls. The Stunning 2023 Designer “Deluxe Ruby” home, built by Crouch Homes LLC is located on the 1st FAIRWAY of the Award-Winning Juliette Falls Golf Course and is the Top 10 Courses in the Nation and Top 3 in Florida. This designer home features 4 bedrooms and 2.5 bathrooms, 3-Car Garage spanning 2,392 square feet, Golfer Enthusiast will want this VIEW OF THE GOLF COURSE, enjoy a cup of coffee or a glass of wine while enjoying the golfers at the first green. The 15x18 COVERED LANAI and the Designer PAVER PATIO full length of rear of home are great places to entertain. Upon entering the home, you will be captivated by the airy OPEN FLOORPLAN, PLANTATION SHUTTERS, highlighted by a spacious 20' x 22' Living room adorned with impressive 10-foot COFFERED CEILINGS featuring track Lighting. The Kitchen boasts custom Cabinetry with Soft-Close doors, Under-Cabinet Lighting with under-Crown Molding, QUARTZ Countertops, a stylish TILE Backsplash, STAINLESS STEEL Appliances, a BUILT IN OVEN and Microwave, a cozy coffee bar, and a well-appointed dining room. The Primary Suite, measuring 19' x 15', offers TRAY CEILING, DUAL WALK IN CLOSETS, En-Suite Bathroom with DUAL VANITIES with under-cabinet lighting, GRANTITE COUNTER, a luxurious TILED WALK-IN SHOWER. and Private Water Closet. The Guest bedrooms provide generous proportions and sufficient closet space. The Guest Bathroom also includes Custom Cabinets with under-cabinet lighting, GRANITE Countertops, and TILED WALK-ON SHOWER. For added convenience, the Laundry Room measures 10' x 14' and includes a built-in sink and extra counter space for laundry organization and added PANTRY STORAGE. The half bathroom features Custom Cabinetry with under-cabinet lighting and GRANITE counters. No home would be complete without a PAVER DRIVEWAY with a 3-CAR GARAGE, which showcases beautiful EPOXY Floors, ELECTRIC CAR CHARGER and ample space for vehicles and recreational equipment. The Attic is equipped with Pull-Down Stairs and is fully decked for additional storage. This home is loaded with upgrades, including LAMINATE FLOORING throughout the main living areas, 6" CROWN MOLDING, an upgraded front door, recessed LED Lighting, and 8-foot tall Interior Doors. The local Pro-Shop has golf apparel, golf clubs, golf balls, shoes, bags, and golf-themed gift items. Juliette Falls Bar & Restaurant has wide variety of delicious options daily and 1st Friday Evenings. Stop at the Driving Range and visit the Blue Bar, also known as the "19th hole" after your round and cool off with for an ice cold beer! Juliette Falls is Located just 15 miles from Ocala and the renowned World Equestrian Center, you can discover the charm of Dunnellon—a town rich in history, culture, and natural beauty. Experience the breathtaking scenery of Rainbow Springs State Park, where you can float down the world-famous Rainbow River. Golfer Enthusiast Dream Location.
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Location
Property Details
Parking
- Description: Garage
- Details: Driveway, Garage Door Opener, Oversized
- Garage Spaces: 3
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 4
Bathroom Information
- # of Baths (Full): 2
- # of Baths (Partial): 1
- # of Baths (Total): 3.0
Interior Features
- # of Rooms: 7
- # of Stories: 1
Exterior Features
- Exterior Walls Materials: Brick
- Foundation: Slab
- Roof Type: Hip
- Roof Material: Tile
HOA
- Has HOA: Yes
- Association: Juliette Falls HOA/Ryan Clapper
- HOA Fee: $110/monthly
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 3454616100
- Lot Size: 13068 sqft
Property Information
- Property Type: Single Family Residence
- Style: Custom
- Year Built: 2023
Tax Information
- Annual Tax: $6,925
Utilities
- Water & Sewer: Private
- Heating: Central
- Cooling: Central Air
Location
- County: Marion
Listing Details
Investment Summary
- Monthly Cash Flow
- -$2,261
- Cap Rate
- 2.3%
- Cash-on-Cash Return
- -16.9%
- Debt Coverage Ratio
- 0.37
- Internal Rate of Return (5 years)
- -12.3%
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:
| $697,900 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$558,320 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $139,580 |
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:
| $20,937 |
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:
| $160,517 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 2,392 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $292 |
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:
| $1.21 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $558,320 |
|---|---|
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:
| $3,575 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $577 |
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:
| $203 |
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:
| $4,355 |
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:
| $2,900 | $34,800 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$174 | -$2,088 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $2,726 | $32,712 |
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. | 20% | -$577 | -$6,925 |
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% | -$203 | -$2,436 |
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% | -$232 | -$2,784 |
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% | -$145 | -$1,740 |
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% | -$145 | -$1,740 |
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% | -$110 | -$1,320 |
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 | 49% | -$1,412 | -$16,945 |
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:
| $1,314 | $15,768 |
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. | -$3,575 | -$42,900 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $2,261 | $27,132 |