$5,900,000
Investment Summary
- Monthly Cash Flow
- -$26,299
- Cap Rate
- 0.8%
- Cash-on-Cash Return
- -23.3%
- Debt Coverage Ratio
- 0.13
- Internal Rate of Return (5 years)
- -18.4%
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
*GULF-FRONT TUSCAN VILLA MASTERPIECE ON VENICE ISLAND* Discover the timeless beauty of Italian Renaissance coastal luxury with this 5 bedroom, 4.5 bathroom residence, desirably set on the pristine shores of Venice Island. Influenced by historic Italian homes and endowed with over 5,000 square feet of refined living space, this Gulf-front home provides an unmatched blend of style, comfort, and stunning views. Entering on the main living floor, be greeted to an open-concept layout flawlessly integrating the kitchen, family room, dining areas, and living room. A striking double-sided gas fireplace serves as the centerpiece, casting warmth and ambiance across the living spaces. Adjoining the family room, find a wet bar adorned with sink, wine fridge, and bar seating—ideal for serving or entertaining. The gourmet kitchen is a culinary dream, equipped with commercial-grade appliances including a professional gas stove, hood, double oven, and warming drawers, in addition to a stainless steel refrigerator and dishwasher, extensive granite countertops, abundant cabinetry, large pantry, & extra storage to meet every need. Start the day in the cozy dinette, where panoramic Gulf views offer the perfect backdrop for a morning beverage or quick meal. French etched glass doors lead to the main balcony, a spectacular outdoor spot where the endless ocean seascape and picturesque Florida sunsets welcome you daily. The main floor also includes a game room, half bath, private office, and guest bedroom with an en-suite bathroom, ensuring ease and privacy for visitors. The second main living level is host to the primary suite, an expansive retreat occupying the entire right side of the floor. This elaborate setting features a private coffee bar, walk-in closets, and balcony access. The circular sitting area, with its sweeping bird's eye Gulf views, is a true showstopper. The en-suite bathroom is a spa-like oasis, complete with garden tub, walk-in shower, bidet, dual vanities, and ample storage. The left side of this level has two additional bedrooms each possessing en-suite bathrooms and generous closet space. A full laundry room is also conveniently located on this floor for model functionality. The ground floor offers versatile bonus space, including a full bathroom and multiple rooms that can be customized to suit any lifestyle—whether it's a fitness area, extra bedroom, or storage. Venture outside to an intimate backyard hideaway with an above ground spa and uniquely designed pool, surrounded by pavered decking and low-maintenance landscaping, great for soaking in the Florida sun. All the outdoor spaces are aimed for relaxation and entertaining, fortifying every moment as a celebration of the coastal lifestyle. Further home highlights include: elevator, Brazilian mahogany front doors, travertine flooring, EV charging, hurricane shutters, intricate Italian accents throughout the interior & exterior, and additional beachfront parcel. Built to accommodate its seaside location, this home is not only a luxurious abode, but also engineered to withstand the elements. ELEVATOR services all levels. Home is seconds from Venice Beach and less than a mile from Historic Downtown Venice and it's many shops and restaurants. Other nearby attractions include: Venice Theatre, Venice Performing Arts Center, Library and Much More! Attention Pilots, the Venice Airport is only approximately 2 miles away! This magnificent home with UNPARALLELED LOCATION and AMAZING VIEWS!
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Location
Property Details
Parking
- Description: Covered
- Details: Covered, Attached
- Garage Spaces: 2
- 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: 15
- # of Stories: 3
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Stucco
- Foundation: Slab
- Roof Type: Hip
- Roof Material: Concrete, Tile
- Pool: Yes
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 0176060022
- Lot Size: 15908 sqft
Property Information
- Property Type: Single Family Residence
- Style: Mediterranean
- Year Built: 1998
Tax Information
- Annual Tax: $27,426
Utilities
- Water & Sewer: Public
- Heating: Central, Electric
- Cooling: Central Air
Location
- County: Sarasota
Listing Details
Investment Summary
- Monthly Cash Flow
- -$26,299
- Cap Rate
- 0.8%
- Cash-on-Cash Return
- -23.3%
- Debt Coverage Ratio
- 0.13
- Internal Rate of Return (5 years)
- -18.4%
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:
| $5,900,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$4,720,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $1,180,000 |
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:
| $177,000 |
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:
| $1,357,000 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 5,043 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $1,170 |
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:
| $1.78 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $4,720,000 |
|---|---|
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:
| $30,223 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $2,286 |
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:
| $630 |
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:
| $33,139 |
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:
| $9,000 | $108,000 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$540 | -$6,480 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $8,460 | $101,520 |
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. | 25% | -$2,286 | -$27,427 |
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% | -$630 | -$7,560 |
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% | -$720 | -$8,640 |
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% | -$450 | -$5,400 |
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% | -$450 | -$5,400 |
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 | 50% | -$4,536 | -$54,427 |
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:
| $3,924 | $47,088 |
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. | -$30,223 | -$362,676 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $26,299 | $315,588 |