$1,174,000
Investment Summary
- Monthly Cash Flow
- -$3,724
- Cap Rate
- 2.3%
- Cash-on-Cash Return
- -16.5%
- Debt Coverage Ratio
- 0.38
- Internal Rate of Return (5 years)
- -12.0%
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
One or more photo(s) has been virtually staged. Furniture only has been staged. Exquisite one-story home with luxurious features and private resort-like amenities. This exceptional one-story, three-car garage home seamlessly blends upscale finishes with a sense of comfort and sophistication. The open-concept layout, meticulously designed and appointed, features four spacious bedrooms, office (5th bedroom) and three-and-a-half baths. The great room is highlighted by a shiplap-accented wall, complete with a fireplace that creates a welcoming ambiance and an expansive wall of windows that invite natural light to fill the space. At the heart of the home, the chef's kitchen offers an abundance of custom cabinetry, a large center island, quartz countertops and premium stainless steel appliances — creating an ideal space for family gatherings and culinary endeavors. The adjacent dining room offers a seamless transition for entertaining. The luxurious owner's suite is bathed in natural light and showcases an intricate double-tray ceiling with double doors that open to a spa-like bath. The striking oval soaking tub, illuminated by a dazzling chandelier and framed by a waterfall-tiled feature wall, serves as the focal point of the room. The bath also includes a spacious custom shower, double vanities, a separate water closet and an impressive walk-in closet that leads directly into the conveniently located laundry room. Throughout the home, high-end flooring flows seamlessly from room to room with no transitions, enhancing the cohesive and luxurious feel of the space. Fiber and cable are installed, ensuring modern connectivity throughout. Designed with entertaining in mind, the lanai is an extraordinary outdoor living space, featuring a marine-grade outdoor kitchen complete with a grill, side burner, vent hood with dual fans, refrigerator, sink with disposal and ample countertop space. Relax in the serene outdoor setting as you enjoy the cascading waterfall from the heated spa, which flows into the pool below. The entire space is enhanced by remote-controlled lighting, an outdoor shower and tall landscaped plantings that offer privacy and seclusion. The home backs to a peaceful preserve, further adding to the tranquil ambiance. Additional highlights include durable epoxy-coated garage floors, a hybrid water heater, a Grundfos recirculating instant hot water pump and ceiling speakers for surround sound in both the living room and lanai. The home is also equipped with Eufy floodlights, IP cameras and automated controlled lighting in the halls, baths and garage for added convenience and security. A private well, installed during construction, serves the home's automated irrigation system and can also be utilized for other outdoor needs. Just down the street from Brown's Landing is the Spruce Creek Fly-In Community. Its Country Club offers memberships that are open to the public—you don’t have to be a resident of the community to join. Enjoy access to exceptional golf, dining, and social amenities in one of the most unique private airpark communities in the country. This is truly a private, resort-like retreat an unparalleled combination of elegance, functionality and comfort. Bullet points of additional upgrades are available.
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Location
Property Details
Parking
- Description: Driveway
- Details: Driveway, Attached
- Garage Spaces: 3
- 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: 10
- # of Stories: 1
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Stucco
- Foundation: Concrete Perimeter, Slab
- Roof Type: Hip
- Roof Material: Shingle
- Pool: Yes
HOA
- Has HOA: Yes
- Association: Selina Ahjadzadeh
- HOA Fee: $650/quarterly
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 62252000039001
- Lot Size: 15147 sqft
Property Information
- Property Type: Single Family Residence
- Style: Traditional
- Year Built: 2019
Tax Information
- Annual Tax: $15,457
Utilities
- Water & Sewer: Public
- Heating: Central, Heat Pump
- Cooling: Central Air
Location
- County: Volusia
Listing Details
Investment Summary
- Monthly Cash Flow
- -$3,724
- Cap Rate
- 2.3%
- Cash-on-Cash Return
- -16.5%
- Debt Coverage Ratio
- 0.38
- Internal Rate of Return (5 years)
- -12.0%
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:
| $1,174,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$939,200 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $234,800 |
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:
| $35,220 |
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:
| $270,020 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 2,751 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $427 |
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:
| $2.00 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $939,200 |
|---|---|
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:
| $6,014 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $1,288 |
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:
| $385 |
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:
| $7,687 |
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:
| $5,500 | $66,000 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$330 | -$3,960 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $5,170 | $62,040 |
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. | 23% | -$1,288 | -$15,457 |
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% | -$385 | -$4,620 |
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% | -$440 | -$5,280 |
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% | -$275 | -$3,300 |
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% | -$275 | -$3,300 |
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. | 4% | -$217 | -$2,604 |
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 | 52% | -$2,880 | -$34,561 |
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:
| $2,290 | $27,480 |
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. | -$6,014 | -$72,168 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $3,724 | $44,688 |