$299,990
Investment Summary
- Monthly Cash Flow
- -$105
- Cap Rate
- 5.7%
- Cash-on-Cash Return
- -1.8%
- Debt Coverage Ratio
- 0.93
- Internal Rate of Return (5 years)
- 2.2%
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
PRICED TO SELL! This beautiful POOL HOME features a generous and desirable 3BR 2BA split bedroom floor plan in an extremely CONVENIENT location in non-HOA Marion Oaks! This HIDDEN GEM, set on a spacious and rare CUL-DE-SAC lot, just needs a LITTLE POLISH. It blends classic COMFORT with SOUGHT-AFTER FEATURES, making it the perfect place to call home. The OPEN FLOOR PLAN is designed for both RELAXATION and ENTERTAINING, with VAULTED CEILINGS and spacious living areas that FLOW seamlessly into the outdoor PATIO and POOL DECK area. The warm and inviting kitchen features BRAND NEW GE APPLIANCES including a RANGE / OVEN, REFRIGERATOR, DISHWASHER and MICROWAVE, along with plenty of countertop space. Enjoy a recently cleaned and serviced IN-GROUND POOL within an expansive BIRDCAGE ENCLOSURE that includes a separate SCREENED LANAI, ideal for year-round BUG-FREE enjoyment! This home also features FRESH INTERIOR and EXTERIOR PAINT, a WATER FILTRATION system and recently UPDATED POOL EQUIPMENT. It comes with an IRRIGATION SPRINKLER system, a TWO-CAR GARAGE, a SECURITY CAMERA system and a detached STORAGE SHED! The foundation has also been REINFORCED with soil stabilization, offering PEACE OF MIND. With a CENTRAL LOCATION on the Southwest side of Marion Oaks, this home is near multiple SHOPPING, DINING and RECREATION options! MARION OAKS DOG PARK is a 5-minute walk from the house and there are well-maintained SOCCER FIELDS nearby with parking. The area is known for its PEACEFUL atmosphere and CONVENIENT access to local amenities and TRANSPORTATION. MARION OAKS COMMUNITY CENTER is a 2 minute drive and provides numerous recreation opportunities for ALL AGES. The grounds contain BASKETBALL, TENNIS, VOLLEYBALL, & PICKLEBALL courts, as well as a WALKING TRAIL. You can also enjoy an amazing aquatic SPLASH PAD! This location provides EASY ACCESS to SW Highway 484 and I-75 (EXIT 341). You can quickly drive to State Road 200 (SW College Road) and the main north-south thoroughfare of SW 49th Avenue Road is minutes away. There are multiple SCHOOLS, EMPLOYERS and HOUSES OF WORSHIP in the vicinity. SUNRISE and MARION OAKS ELEMENTARY SCHOOLS, and HORIZON ACADEMY MIDDLE SCHOOL are ALL 4-7 minutes away! ROSS PRAIRIE, the new $47 million 115,000-square-foot ELEMENTARY SCHOOL is OPENING THIS FALL and is a 10 MINUTE DRIVE. Only 5 MINUTES AWAY, a brand new $154 million HIGH SCHOOL in MARION OAKS will open AUGUST 2026 on a 115 acre state-of-the-art campus featuring a SPACE ACADEMY! The FLORIDA TRAIL 49th Ave Trailhead is nearby for FREE DIRECT ACCESS to running, hiking, biking, equestrian use trails in the CROSS FLORIDA GREENWAY. The Greenway spans 110 miles from the Gulf of America to the St. Johns River and in addition to a multitude of recreational opportunities is also a wildlife corridor. The Cross Florida Greenway Overpass LAND BRIDGE that crosses I-75 is the first in Florida across a major interstate that both trail users and wildlife utilize. Also close by are the Shangrila Campgrounds, Marjorie Harris Trail Head and Ross Prairie Wildlife Management Area. Stay COOL THIS SUMMER and experience the COMFORT and convenience of your own PRIVATE POOL PARADISE! Don't delay, your PERSONAL OASIS away from the crowds and sweltering heat awaits! This single owner DIAMOND IN THE ROUGH offers the BEST of Florida living and just needs a little TLC and your PERSONAL TOUCH. Schedule your private SHOWING today BEFORE IT'S GONE!
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Location
Property Details
Parking
- Description: Garage
- Details: Attached
- Garage Spaces: 2
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 3
Bathroom Information
- # of Baths (Full): 2
- # of Baths (Total): 2.0
Interior Features
- # of Rooms: 3
- # of Stories: 1
Exterior Features
- Exterior Walls Materials: Stucco
- Foundation: Concrete Perimeter
- Roof Type: Hip
- Roof Material: Shingle
- Pool: Yes
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 8003031325
- Lot Size: 10454 sqft
Property Information
- Property Type: Single Family Residence
- Style: Traditional
- Year Built: 2005
Tax Information
- Annual Tax: $1,027
Utilities
- Water & Sewer: Public
- Heating: Central, Electric
- Cooling: Central Air
Location
- County: Marion
Listing Details
Investment Summary
- Monthly Cash Flow
- -$105
- Cap Rate
- 5.7%
- Cash-on-Cash Return
- -1.8%
- Debt Coverage Ratio
- 0.93
- Internal Rate of Return (5 years)
- 2.2%
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:
| $299,990 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$239,992 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $59,998 |
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:
| $9,000 |
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:
| $68,998 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 1,656 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $181 |
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:
| $1.33 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $239,992 |
|---|---|
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:
| $1,537 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $86 |
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:
| $154 |
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:
| $1,777 |
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:
| $2,200 | $26,400 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$132 | -$1,584 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $2,068 | $24,816 |
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. | 4% | -$86 | -$1,027 |
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% | -$154 | -$1,848 |
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% | -$176 | -$2,112 |
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% | -$110 | -$1,320 |
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% | -$110 | -$1,320 |
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 | 29% | -$636 | -$7,627 |
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:
| $1,432 | $17,184 |
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. | -$1,537 | -$18,444 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $105 | $1,260 |