$349,600
Investment Summary
- Monthly Cash Flow
- -$58
- Cap Rate
- 5.9%
- Cash-on-Cash Return
- -0.9%
- Debt Coverage Ratio
- 0.97
- Internal Rate of Return (5 years)
- 3.2%
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
Under contract-accepting backup offers. One or more photo(s) has been virtually staged. ***HUGE PRICE DROP—MORE THAN $18,000 REDUCTION!***NOW OFFERING A $5,000 SELLER CREDIT AVAILABLE TO BUYER AT CLOSING!*** Welcome to 22378 Peachland Blvd–Your Florida Dream Home Awaits! This IMMACULATELY MAINTAINED SPLIT PLAN 3-bedroom, 2.5-bathroom POOL HOME offers 2,081 sq ft of beautifully designed living space on a 10,000 sq ft NO FLOOD ZONE (X) lot. From the moment you arrive, you’ll notice the PRIDE OF OWNERSHIP and attention to detail—from the manicured exterior to the fresh interior finishes that make this home truly move-in ready. The fully fenced backyard adds privacy, security, and space for pets, play, or simply enjoying Florida’s sunshine from your screened lanai and heated pool. Step inside and enjoy the airy, open-concept floorplan—perfect for both everyday living and effortless entertaining. The spacious kitchen flows seamlessly into the dining and living areas, creating a warm, welcoming hub for family and friends to gather. A versatile DEN/FLEX SPACE adds even more functionality—ideal for a home office, playroom, or guest retreat. The private primary suite features its own direct pool access, a WALK-IN CLOSET, and the ideal layout for relaxation and privacy. Slide open the doors to your PRIVATE SCREENED-IN LANAI and take in the HEATED, GUNITE POOL, thoughtfully enclosed for year-round enjoyment. The ELECTRIC POOL HEATER means YOUR WEEKEND RELAXATION RETREAT is always ready! A convenient half bathroom with direct access to the lanai and pool area ensures wet feet stay outside—perfect for entertaining or everyday use. Additional highlights include: Newer shingle roof 2022-Electric pool heater 2014-Septic system replaced in 2014 and serviced in 2023-New fence in 2018-Block construction for peace of mind-NO FLOOD ZONE. Tucked in a quiet, established neighborhood, this home offers unmatched convenience and lifestyle perks. You’re just minutes from Kingsway Elementary, Port Charlotte Middle, and Charlotte High School—ideal for families seeking top local education. Enjoy everyday ease at Peachland Promenade, anchored by Publix and Planet Fitness, and only a short 7-minute drive to Port Charlotte Town Center, home to over 100 shops, restaurants, and a cinema. Craving coastal vibes? Port Charlotte Beach Park is just 12 minutes away—perfect for kayaking, sunset strolls, or a relaxing day by the harbor. For veterans or civic-minded residents, American Legion Post 110 is a quick 10-minute drive. Need peace of mind? You’re only 10 miles from the brand-new Sarasota Memorial Emergency Room in North Port, part of one of the region’s top-rated healthcare networks.******$5,000 SELLER CREDIT AVAILABLE TO BUYER AT CLOSING: The seller is offering a generous $5,000 credit to the buyer at closing that can dramatically reduce your upfront costs or monthly payments! This credit can be used in several strategic ways (subject to lender approval):*****Closing Costs & Prepaids (Seller Concession): Apply the credit toward typical buyer expenses lowering your cash-to-close significantly.*****2:1 Mortgage Rate Buydown (Seller Credit): Use the funds to temporarily buy down your mortgage interest rate — potentially saving you hundreds per month in the first two years of your loan.*****One-Time Mortgage Insurance Premium (Seller Credit): If you're putting less than 20% down, this credit can cover a single upfront mortgage insurance payment, and reduce your long-term mortgage expenses.*****WALKTHROUGH MATTERPORT 3D VIRTUAL TOUR AVAILABLE - click the link
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Location
Property Details
Parking
- Description: Garage Door Opener
- Details: Garage Door Opener, Attached
- Garage Spaces: 2
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 3
Bathroom Information
- # of Baths (Full): 2
- # of Baths (Partial): 1
- # of Baths (Total): 3.0
Interior Features
- # of Rooms: 7
- # of Stories: 1
Exterior Features
- Exterior Walls Materials: Stucco
- Foundation: Slab
- Roof Material: Shingle
- Pool: Yes
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 402202460007
- Lot Size: 10000 sqft
Property Information
- Property Type: Single Family Residence
- Style: Florida
- Year Built: 1990
Tax Information
- Annual Tax: $732
Utilities
- Water & Sewer: Public
- Heating: Central
- Cooling: Central Air
Location
- County: Charlotte
Listing Details
Investment Summary
- Monthly Cash Flow
- -$58
- Cap Rate
- 5.9%
- Cash-on-Cash Return
- -0.9%
- Debt Coverage Ratio
- 0.97
- Internal Rate of Return (5 years)
- 3.2%
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:
| $349,600 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$279,680 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $69,920 |
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:
| $10,488 |
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:
| $80,408 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 2,081 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $168 |
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:
| $1.25 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $279,680 |
|---|---|
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:
| $1,791 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $61 |
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:
| $182 |
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:
| $2,034 |
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:
| $2,600 | $31,200 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$156 | -$1,872 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $2,444 | $29,328 |
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. | 2% | -$61 | -$732 |
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% | -$182 | -$2,184 |
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% | -$208 | -$2,496 |
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% | -$130 | -$1,560 |
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% | -$130 | -$1,560 |
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 | 27% | -$711 | -$8,532 |
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:
| $1,733 | $20,796 |
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. | -$1,791 | -$21,492 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $58 | $696 |