$749,900
Investment Summary
- Monthly Cash Flow
- -$2,160
- Cap Rate
- 2.7%
- Cash-on-Cash Return
- -15.0%
- Debt Coverage Ratio
- 0.44
- Internal Rate of Return (5 years)
- -10.5%
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. PRICE IMPROVEMENT!! Private, Country Retreat with Pool, Game Room, No HOA, BOND, CDD! Offered at $774,900, Includes 1-Year Home Warranty at Closing 3 Beds 2 Baths, 2,634 Sq Ft, Built in 2002, Concrete Block & Stucco, NEW Roof(2024) Detached Garage/Workshop, Fully Fenced Property, Peaceful, Private, and Fully Upgraded Central Florida Living. This thoughtfully updated, custom-built estate sits on 1.62 beautifully landscaped acres in a serene country setting—without the restrictions. With high-end upgrades, expansive outdoor amenities, and easy access to equestrian centers, cities, and coasts, this property is an ideal blend of rural comfort and convenience. Interior Features Primary Suite(13'10" x 17'6"), Carpet, Tray ceiling design, Ceiling fan, Plantation Shutters, Walk-in tiled closet, Ensuite Garden tub, Cultured Marble walk-in shower, Dual vanities, Private water closet, Linen closet. Bedrooms 2 & 3 (11’10” x 13’4”) & (11’8” x 14’2”), Hardwood flooring, Ceiling fans, Spacious closets. Guest Bath Cultured Marble shower walls,Tub/shower combo, Glass doors, Tile floors, Pedestal sink, Linen closet. Game Room(20'5" x 22'6"), LVP flooring, Barn door, Ideal for home theater, pool table, or rec space. Living Room (20'10" x 16'), Bright, open to kitchen, Cathedral ceiling. Formal Dining Room(10'3" x 13'10") Tile Floor. Gourmet Kitchen(12”4” X 15”2”), Cambria Quartz countertops, Tile backsplash, KitchenAid & Bosch appliances, Pantry, Breakfast bar. Kitchen Nook & Coffee Bar 11’10” x 8’8”) Built in Cabinetry, Direct access to the Pool. Additional Pantry Space/Hall, Large Custom Pantry, 2nd stainless-steel fridge, Cookbook shelf. Private Office/Study(10'2" x 12'10") Custom Built-in desks and cabinetry(included). Laundry Room, Whirlpool front-load washer/dryer on pedestals (included), Custom Cabinetry. Detached Garage/Workshop with Separate Panel Box(Built 2016) (30’ x 60’) with two bay doors, Attached Covered carport, Custom Built-in cabinetry, work desk, washer/dryer hookups, 408 Sq ft floored attic storage with pull-down ladder, Dry Septic line in place, Septic tank Needs to be installed (Ready for future use) 240 AMP for EV Car Charger. Perfect for car enthusiasts, hobbyists, or small business operations.Outdoor Oasis Perfect for Entertaining or Large Family Gatherings, Screened Pool (1,344 sq ft): Covered lanai, Wall-mounted TV, Lounging space, Fully Fenced Yard: Mature Oak trees, Seasonal flowering bushes, Irrigation system, Composite Octagonal Deck, Rock & Paver walkways, Covered Pergola-With extra canopy, Wood-burning Fire Pit, Raised Garden Beds-dedicated garden space, Chicken Coop with Fenced run. Fenced in Livestock Shelter: Ideal for goats, horses, or a cow, In-ground Gorilla® Basketball Hoop, Concrete Circular Driveway, Well Water with Large Reservoir Tank NO WATER BILLS! Upgrades & Systems: NEW Roof (2024), Generac Whole-House+Garage Generator (2020), Trane HVAC System (2018), Tankless Water Heater (2018), New Water Softener (2024), New Pool Pump (2024) & Filter (2025), 500-Gallon Inground Propane Tank (2018), Pre-plumbed Gas Line & Pad (2018) Ready for an Outdoor Kitchen, ADT Security System+Blink Cameras & Doorbell, Plantation Shutters, Roman Shades, French Drain, Gutters, Coded Garage Entry, Pool Alarm, Annual Termite Bond Airports: Ocala 24min, Gainesville 1hr, Orlando 1hr30min, Tampa 1hr32min• 8 min to Florida Horse Park, 29min to World Equestrian Center, 12min to Belleview, 22min to The Villages
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Location
Property Details
Parking
- Description: Detached Garage
- Details: Covered, Driveway, Electric Vehicle Charging Station(s), Garage Door Opener, Guest, Oversized, Parking Pad, Workshop in Garage
- 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: 11
- # of Stories: 1
Exterior Features
- Exterior Walls Materials: Stucco
- Foundation: Concrete Perimeter, Slab
- Roof Type: Hip
- Roof Material: Shingle
- Pool: Yes
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 4461600203
- Lot Size: 70567 sqft
Property Information
- Property Type: Single Family Residence
- Style: Florida
- Year Built: 2002
Tax Information
- Annual Tax: $3,839
Utilities
- Water & Sewer: Private, Well
- Heating: Central, Electric, Heat Pump
- Cooling: Central Air
Location
- County: Marion
Listing Details
Investment Summary
- Monthly Cash Flow
- -$2,160
- Cap Rate
- 2.7%
- Cash-on-Cash Return
- -15.0%
- Debt Coverage Ratio
- 0.44
- Internal Rate of Return (5 years)
- -10.5%
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:
| $749,900 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$599,920 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $149,980 |
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:
| $22,497 |
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:
| $172,477 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 2,634 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $285 |
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:
| $1.10 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $599,920 |
|---|---|
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:
| $3,841 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $320 |
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:
| $4,364 |
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. | 11% | -$320 | -$3,840 |
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. | n/a | n/a | n/a |
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% | -$1,045 | -$12,540 |
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:
| $1,681 | $20,172 |
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. | -$3,841 | -$46,092 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | -$2,160 | -$25,920 |