$980,000
Investment Summary
- Monthly Cash Flow
- -$3,238
- Cap Rate
- 2.2%
- Cash-on-Cash Return
- -17.2%
- Debt Coverage Ratio
- 0.35
- Internal Rate of Return (5 years)
- -12.7%
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
Stunning CUSTOM POOL HOME CENTER LAKE in the #1 selling community in Southwest Florida!! This desirable two-story lakefront home boasts over $200,000 in custom upgrades icluding a grandfathered in 12' extended roof over the lanai!! Boasting 5 spacious bedrooms with a 1st floor bedroom, 3 full bathrooms, a den, a loft/media room with french doors, a 3-car garage and over 3,200 square feet of living space in this highly upgraded home! With its refined finishes, functional layout, and beautiful lakefront setting, this home perfectly blends luxury and comfort for everyday living and entertaining. As you arrive, the 6-car driveway is presents the well-manicured landscaped exterior showcasing the dramatic two-story entrance! Step through the front door and you're welcomed by an elegant foyer with a custom accent wall, setting a tone of sophistication that carries throughout the home. Just off the entry, the den offers a warm and inviting retreat or home office space, a two-tier staircase with a sitting area and entrance to the upstairs loft. The heart of the home is the open-concept kitchen and great room, where a completely redesigned oversized kitchen island elevates the style with glass backsplash and accent tile around the island. The kitchen features sleek quartz countertops, black stainless steel appliances, upgraded cabinetry, and a stunning designer glass blacksplash that adds just the right amount of sparkle. A large walk-in pantry ensures everything has its place with ample storage area throughout. The kitchen flows effortlessly into the spacious dining and living areas, perfect for hosting family and friends. The family room features a custom TV wall and tons of natural lighting with views of the lanai, pool and lake. The 1st floor bedroom offers a full bathroom and privacy for shared family living or guests. Upstairs, you'll find a large bonus living area offering flexible space for a media room, game room, playroom, or additional lounge along with the primary suite, 3 guest bedrooms, and a guest bathroom. The layout provides separation and privacy between the upstairs and downstairs bedroom, making it ideal for multi-generational living or accommodating guests. The primary suite is a true retreat with views of the lake and beautiful natural lighting. The master bath features dual vanities, a separate soaking tub, walk-in shower, linen closet, and two walk-in closets. Secondary bedrooms are generously sized, and all bathrooms are finished with upscale quartz counter tops that complement the home’s clean, modern aesthetic. Step outside to the show-stopping outdoor retreat with an expansive pool deck enclosed by a panoramic screen that perfectly frames the serene lake views beyond. The outdoor space features a custom built saltwater pool with gorgeous tiling, offering gorgeous views of the sunset. Enjoy the outdoor living room with two TVs, a hot tub, dining table, lounge chairs, and more!! Life in Verdana Village is like a vacation everyday!
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Location
Property Details
Parking
- Description: Garage
- Details: Attached, Driveway, Garage, Golf Cart Garage, Paved, Electric Vehicle Charging Station(s), Garage Door Opener
- Garage Spaces: 3
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 5
Bathroom Information
- # of Baths (Full): 3
- # of Baths (Total): 3.0
Interior Features
- # of Stories: 2
Exterior Features
- Exterior Walls Materials: Stucco
- Roof Type: IRR/Cathedral
- Roof Material: Tile
- Pool: Yes
HOA
- Has HOA: Yes
- HOA Fee: $179/monthly
- Additional HOA Fee: $195/monthly
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 304627L40300C.2230
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: Two Story
- Year Built: 2023
Tax Information
- Annual Tax: $8,070
Utilities
- Water & Sewer: Public
- Heating: Central, Electric
- Cooling: Central Air, Ceiling Fan(s), Electric
Location
- County: Lee
Listing Details
Investment Summary
- Monthly Cash Flow
- -$3,238
- Cap Rate
- 2.2%
- Cash-on-Cash Return
- -17.2%
- Debt Coverage Ratio
- 0.35
- Internal Rate of Return (5 years)
- -12.7%
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:
| $980,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$784,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $196,000 |
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:
| $29,400 |
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:
| $225,400 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 3,302 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $297 |
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:
| $1.24 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $784,000 |
|---|---|
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:
| $5,020 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $673 |
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:
| $287 |
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:
| $5,980 |
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:
| $4,100 | $49,200 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$246 | -$2,952 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $3,854 | $46,248 |
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% | -$673 | -$8,071 |
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% | -$287 | -$3,444 |
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% | -$328 | -$3,936 |
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% | -$205 | -$2,460 |
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% | -$205 | -$2,460 |
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. | 9% | -$374 | -$4,488 |
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 | 51% | -$2,072 | -$24,859 |
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:
| $1,782 | $21,384 |
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. | -$5,020 | -$60,240 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | -$3,238 | -$38,856 |