$1,085,000
Investment Summary
- Monthly Cash Flow
- -$2,207
- Cap Rate
- 3.7%
- Cash-on-Cash Return
- -10.6%
- Debt Coverage Ratio
- 0.60
- Internal Rate of Return (5 years)
- -6.3%
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
Florida boater's dream come true! THE LUXURIOUS LAKEFRONT PARADISE that everyone has admired and wished for is finally on the market! NO HOA! Check out this Stunning CUSTOM BUILT 4 BDRM 3 1/2 Bath situated on .76 acre of waterfront tranquility on beautiful LAKE ARIANA. BONUS the property also includes a SEPARATE SIDE CABANA SUITE that grants stylish independence, live-in relative housekeeper, Nanny or simply to provide privacy for your GUESTS. Notice the impressive long paved circle driveway that can accommodate plenty of parking w/lush landscaping. Walk through the gated grand entrance and you are welcomed by your very own tropical oasis in an open atrium allowing you to create a relaxed area for friends and family to unwind around the pool with access to the half bath. Step inside the tall iron arched double front doors and be amazed by a grand great room with voluminous vaulted ceilings, tile/wood flooring, glass windows offering an abundance of natural lighting and the most breathtaking views of the huge backyard and lake. Endless custom built details featuring unmatchable interior woodwork and more! Open gourmet chef’s kitchen has state of the art cooking capability, equipped w/Subzero Refrigerator and separate wine cooler. Gas 6 burner WOLF RANGE/OVEN, Bosch dishwasher and bar refrigerator making this home fabulous for entertaining. Granite countertops and cabinets add lots of space and seating room for casual bites at the bar or at the breakfast nook's charming banquette. Adjoining family room perfect for a large gathering with sliding glass doors that opens to the pool & courtyard. If LUXURY is what you seek, the MASTER EN SUITE will not disappoint. Wake up with a spectacular view and open up the french doors and let the sunshine in with access to the lanai. Master bath has grand soaking tub, dual vanities, Hollywood luxury lights, walk-in shower and you will love the deep walk in closet to organize all your personal items. Make your way up the grand staircase, a separate world beckons family or guests! BDRM#1 can also be used as a flex area for gaming or relaxing w/panoramic views, a barn door provides privacy with a balcony that overlooks the great room below. BDRM#3 features a hidden storage area that can be used as a play area. BDRM#2 has built-in THEATER ROOM. 2 utility rooms for laundry. The CABANA SUITE has private side entrance, full kitchen w/breakfast bar, living room, 1 BDRM, 1 bath and stackable washer/dryer. The Outdoor lanai encompasses the width of the home w/columns ready to add a custom screen enclosure or outdoor kitchen. LOVE FISHING, JET SKIING or PEACEFUL BOAT RIDES? Imagine lakefront living, making every day feel like a vacation. Have a RV, BOAT, Jet skis, or extra vehicles? The oversized separate 3rd garage w/high entry and exit garage bay doors provide a dedicated spot to park and passthrough to the lake and could be expanded. True quality and craftsmanship with so many custom details to list them all here. Lovingly maintained and shows pride of ownership. Located in the heart of the Sunshine State, centrally between Greater Tampa Bay/Disney Orlando and Coast to Coast via I-4 and Polk Parkway!
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Location
Property Details
Parking
- Description: Garage
- Details: Boat, Circular Driveway, Driveway, Garage Door Opener, Garage Faces Side, Guest, RV Garage, RV Access/Parking, Attached
- Garage Spaces: 2
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 4
Bathroom Information
- # of Baths (Full): 3
- # of Baths (Partial): 1
- # of Baths (Total): 4.0
Interior Features
- # of Rooms: 11
- # of Stories: 2
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Stucco
- Foundation: Slab
- Roof Type: Hip
- Roof Material: Shingle
- Pool: Yes
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 252803312000001122
- Lot Size: 33123 sqft
Property Information
- Property Type: Single Family Residence
- Style: Mediterranean
- Year Built: 2017
Tax Information
- Annual Tax: $6,987
Utilities
- Water & Sewer: Public
- Heating: Electric
- Cooling: Central Air, Zoned
Location
- County: Polk
Listing Details
Investment Summary
- Monthly Cash Flow
- -$2,207
- Cap Rate
- 3.7%
- Cash-on-Cash Return
- -10.6%
- Debt Coverage Ratio
- 0.60
- Internal Rate of Return (5 years)
- -6.3%
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:
| $1,085,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$868,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $217,000 |
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:
| $32,550 |
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:
| $249,550 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 3,862 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $281 |
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:
| $1.48 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $868,000 |
|---|---|
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:
| $5,558 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $582 |
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:
| $399 |
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:
| $6,539 |
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:
| $5,700 | $68,400 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$342 | -$4,104 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $5,358 | $64,296 |
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. | 10% | -$582 | -$6,987 |
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% | -$399 | -$4,788 |
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% | -$456 | -$5,472 |
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% | -$285 | -$3,420 |
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% | -$285 | -$3,420 |
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 | 35% | -$2,007 | -$24,087 |
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:
| $3,351 | $40,212 |
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. | -$5,558 | -$66,696 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | -$2,207 | -$26,484 |