$1,449,900
Investment Summary
- Monthly Cash Flow
- -$6,459
- Cap Rate
- 0.8%
- Cash-on-Cash Return
- -23.2%
- 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
A STUNNING HOME ON OVER FOUR ACRES WITH PRIVATE LAKE AND A 5,000 Sq foot garage - it will easily hold 18 plus cars with plenty of additional room! This property is meticulous and unrivaled with possibilities! GORGEOUS renovated home in the peaceful boating community of Pirate Harbor in Punta Gorda, Florida set on its own private gated and fenced lot. This elevated, move-in-ready residence features 2 bedrooms + den, 3 full baths, and 1 half bath of thoughtfully redesigned space. Every inch has been updated to provide modern comfort, coastal charm, and functional design in a prime canal-side setting. The interior boasts an open-concept layout with a fully remodeled kitchen featuring Corian countertops, stainless steel appliances, and contemporary cabinetry. The main living spaces are finished with luxury vinyl plank flooring, combining timeless style with everyday durability. Lots of natural light fills the home, creating a bright and welcoming atmosphere. Both bedrooms are spacious and well-appointed, while the bathrooms are updated with high-end materials and clean, modern styling. In the downstairs garage there is a versatile space currently used as an office/den that can easily be converted into a third bedroom, providing flexible living options. The garage also includes a half bath and is equipped with an easily installable flood protection barrier, offering added security and peace of mind during storm season. The property also features a massive, detached warehouse/garage capable of housing up to eighteen plus vehicles, with its own full bath, workshop space, and a matching flood barrier system—making both structures storm-prepared while still easily accessible for daily use. This setup is ideal for car collectors, hobbyists, or anyone needing serious storage and utility space.. Additional bonus - dedicated area for RV parking, complete with water and sewer connections to support your recreational lifestyle. Step into the fully fenced backyard, your own private oasis completes with a sparkling pool and custom outdoor kitchen—perfect for entertaining guests, relaxing with family, or soaking up the Florida sun in privacy. Additional highlights include a metal roof for long-term durability and low maintenance, as well as southwest-facing front exposure, which fills the home with warm natural light and stunning sunset views. Located just minutes from open water via Pirate Harbor’s deep-water canal system, in a neighborhood POA of only $150 a year which includes boat access, this home is a true dream, with quick access to Charlotte Harbor and the Gulf of Mexico. You're also conveniently close to downtown Punta Gorda, I-75, waterfront dining, marinas, and Gulf Coast beaches. Whether you're seeking a full-time home, seasonal escape, or a versatile waterfront property with premium features and smart storm-ready enhancements, Florida lifestyle—all in one of Southwest Florida’s most desirable boating communities.
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Location
Property Details
Parking
- Description: Detached Garage
- Details: Attached, Driveway, Underground, Garage, Golf Cart Garage, Paved, RV Access/Parking, Garage Door Opener
- Garage Spaces: 18
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 2
Bathroom Information
- # of Baths (Full): 3
- # of Baths (Total): 4.0
Interior Features
- # of Rooms: 4
- # of Stories: 2
Exterior Features
- Exterior Walls Materials: Stucco
- Foundation: Pillar/Post/Pier
- Roof Material: Metal
- Pool: Yes
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 422319427003
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: Two Story, Stilt
- Year Built: 2015
Tax Information
- Annual Tax: $11,569
Utilities
- Water & Sewer: Public
- Heating: Central, Electric
- Cooling: Central Air, Ceiling Fan(s), Electric
Location
- County: Charlotte
Listing Details
Investment Summary
- Monthly Cash Flow
- -$6,459
- Cap Rate
- 0.8%
- Cash-on-Cash Return
- -23.2%
- 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:
| $1,449,900 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$1,159,920 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $289,980 |
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:
| $43,497 |
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:
| $333,477 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 1,309 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $1,108 |
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:
| $2.14 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $1,159,920 |
|---|---|
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:
| $7,427 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $964 |
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:
| $196 |
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:
| $8,587 |
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:
| $2,800 | $33,600 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$168 | -$2,016 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $2,632 | $31,584 |
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. | 34% | -$964 | -$11,570 |
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% | -$196 | -$2,352 |
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% | -$224 | -$2,688 |
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% | -$140 | -$1,680 |
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% | -$140 | -$1,680 |
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 | 59% | -$1,664 | -$19,970 |
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:
| $968 | $11,616 |
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. | -$7,427 | -$89,124 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | -$6,459 | -$77,508 |