$1,899,900
Investment Summary
- Monthly Cash Flow
- -$6,478
- Cap Rate
- 2.1%
- Cash-on-Cash Return
- -17.8%
- Debt Coverage Ratio
- 0.33
- Internal Rate of Return (5 years)
- -13.2%
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
Welcome home to this elegantly REMODELED custom estate set on 5 private acres in the highly desired, equestrian-friendly community of The Forest at Panther Ridge! The Forest is 1 of 9 sections within Panther Ridge encompassing approximately 4,500 acres & 15 miles of scenic trails perfect for hiking or horseback riding. This stunning estate sits on 5 fenced acres consisting of towering pines, oak trees and two ponds on a private, dead-end street. This 3,890 square foot luxuriously REMODELED home has exceptional custom details throughout PLUS a 7 CAR GARAGE (4 car attached to main home & a 3 car detached garage)! The 3 car detached garage has a finished interior complete with spray foam insulation, drywall and paint. UPSTAIRS is a bonus/theatre room providing an EXTRA 595 sq ft., of living space. Dual-Head Mini Split AC system services both the garage area & upstairs bonus room. ALL GARAGE DOORS are MyQ enabled & can be opened & closed with the APP from anywhere! THIS gorgeous home includes 5 bedrooms, 4.5 bathrooms, two of the guest bedrooms are ensuites, a large covered lanai area with a HUGE pool & spa perfect for entertaining & a newer paver walkway leading you to the firepit area & detached garage space. Upon entering the grand foyer you are taken back by the custom details with 14 foot ceilings in the entry and primary bedroom and 12 foot ceilings throughout the rest of the home, elegant columns, tray ceilings and a direct view of the pool area through the 4 large, pocketing sliders. The stunning AND extensive high-end kitchen remodel done in 2021 will take your breath away with no expense spared! Gorgeous 42" white, dove-tailed, soft-close cabinets, GORGEOUS MARBLE TOPS, two islands one being a HUGE family-style island with seating, custom-carved decorative legs & tons of under-counter storage all push to open/close. Franke faucet and Franke fragranite sink which is an exceptionally tough material highly resistant to burns, dents, chips & stains. GE luxury-line Cafe Series appliances including two wall ovens with multi-level convection & one with French door. ALL Cafe Appliances are App enabled & can set custom routines, such as having range hood turn on & off with cooktop. Cooktop is Bluetooth enabled allowing communication with Heat Cue Smart Cookware on the App. You will appreciate the LARGE, DESIGNER lights over the island bringing warmth and elegance to this space. OTHER UPDATES & FEATURES: Tray ceilings, crown molding. 2021: NEW high-end Mannington luxury-vinyl flooring & NEW designer lighting throughout. Guest bath renovations: NEW vanities, tops, faucets, & lighting. NEW fire pit & paver path, NEW Westinghouse/HTP Lifetime stainless steel water heater. 2025: NEW front porch anti-slip tile & NEW painted lanai. NEW pool salt cell & wireless Pentair pool controller. 2023: New pool pump. 2022: NEWLY painted house & detached garage exterior, NEW well pressure switch. 2020: NEW 2.5 ton A/C main house, NEW window balances & locks, wireless irrigation system. 2019: NEW house garage door openers. THIS PEACEFUL & PRIVATE COUNTRY LOCATION is ONLY minutes to Lakewood Ranch, shopping, dining, LWR Hospital, UTC Mall, Waterside & A-Rated Lakewood Ranch schools! A short drive to our area's beautiful beaches & airports! This elegantly remodeled country estate perfectly combines exceptional custom features with a PRIME LOCATION! Come fall in love with this beautiful estate in the highly-desirable Panther Ridge community!
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Location
Property Details
Parking
- Description: Boat, Open, Oversized
- Details: Boat, Driveway, Garage Door Opener, Garage Faces Side, RV Access/Parking, Attached
- Garage Spaces: 7
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 5
Bathroom Information
- # of Baths (Full): 4
- # of Baths (Partial): 1
- # of Baths (Total): 5.0
Interior Features
- # of Rooms: 11
- # of Stories: 1
Exterior Features
- Exterior Walls Materials: Stucco
- Foundation: Block
- Roof Type: Gable or Hip
- Roof Material: Tile
- Pool: Yes
HOA
- Has HOA: Yes
- Association: Joe Zarlenga
- HOA Fee: $870/annually
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 3307.10302
- Lot Size: 219237 sqft
Property Information
- Property Type: Single Family Residence
- Style: Florida
- Year Built: 2005
Tax Information
- Annual Tax: $11,407
Utilities
- Water & Sewer: Private, Well
- Heating: Central, Electric, Zoned
- Cooling: Central Air, Zoned
Location
- County: Manatee
Listing Details
Investment Summary
- Monthly Cash Flow
- -$6,478
- Cap Rate
- 2.1%
- Cash-on-Cash Return
- -17.8%
- Debt Coverage Ratio
- 0.33
- Internal Rate of Return (5 years)
- -13.2%
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:
| $1,899,900 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$1,519,920 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $379,980 |
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:
| $56,997 |
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:
| $436,977 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 3,890 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $488 |
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:
| $1.59 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $1,519,920 |
|---|---|
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:
| $9,732 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $951 |
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:
| $434 |
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:
| $11,117 |
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:
| $6,200 | $74,400 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$372 | -$4,464 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $5,828 | $69,936 |
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. | 15% | -$951 | -$11,407 |
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% | -$434 | -$5,208 |
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% | -$496 | -$5,952 |
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% | -$310 | -$3,720 |
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% | -$310 | -$3,720 |
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% | -$73 | -$876 |
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 | 42% | -$2,574 | -$30,883 |
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:
| $3,254 | $39,048 |
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. | -$9,732 | -$116,784 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | -$6,478 | -$77,736 |