$1,237,000
Investment Summary
- Monthly Cash Flow
- -$4,390
- Cap Rate
- 1.9%
- Cash-on-Cash Return
- -18.5%
- Debt Coverage Ratio
- 0.31
- Internal Rate of Return (5 years)
- -13.9%
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
It is a rare treat to find a custom built Robert Hogan Construction home available for sale. They are passed on through generations and not often available on the open market, but 2025 is smiling on you. Here is your opportunity to secure this incredible home built by a great man, and yes in our book it checks all the boxes. When we say the bones are good, we really mean it. Built in 1991, the home could use some cosmetic upgrades but the traditional ranch style inspired home begs for you to not make it too contemporary. Farmhouse chic would be perfect here! Situated on a beautiful 17.5 acres. Pasture up front on the north side for your farm animal friends, and homesteading dreams, and the privacy of living amongst the trees on the south side of the property. All of the mechanical components are either new or in great working order. The seller says the roof was replaced in 2013 as per the insurance company. HVACS replaced in 2024. Water heaters were replaced in 2024. Brand new water softener and iron filtration system in 2024. Recent 4 point inspection completed November 2024. Both septic tanks were pumped and one new drain field 2024. The absolutely “oh my moment” that is the patio and pool area was recently refreshed with new landscaping, new pool coating, and new pool tile. A true split plan, which back in 1991 was not common, this house is huge but yet somehow cozy. This floor plan is one of the best we have seen. The entrance is stunning with a double door entry, traditional tile landing that is in phenomenal condition and vaulted, original, tongue and groove ceilings that still shine like new, complimented by a gorgeous brick, wood burning fireplace, and brick built-ins. We have never seen a wall of sliders on a home built in 1991, but this home has not just one but two, double sliders with a remarkable view of the patio. The kitchen will “wow” you too. It’s big. Cabinets and counter space for days. Center island with more cabinets. Brand new Samsung appliances December 2024. A large pass through window into the game room, and a walk-in pantry to store the extra snacks. The game/family room is over 700 sqft. Game night, movie night, holiday celebrations, you name it this room was built for it. Off of the game room is another “mini” house or in-law suite. It features its own entrance, living room, bedroom, bathroom, and a room that could serve as a kitchenette….all under the same roof. Technically a 4 bedroom 4 bathroom home OR a 3 bedroom 3 bathroom home with a 1 bedroom 1 bathroom guest suite. Brand new Maytag washer and dryer in the laundry room/craft room. There are plenty of closets and lots of storage space but if you need more, there is not one barn on-site but two. It is a true pleasure to get to showcase this home for sale and we cannot wait to show it to you. If you think the pictures look great just wait till you see it in person. Conveniently located on the north side of Bushnell with easy access to The Villages, the Florida Turnpike, and Interstate 75. Only 1 hour from Orlando International Airport, Walt Disney World, Tampa International Airport, the World and Equestrian Center. Very easy to show, but by appointment only. Please do not go onsite without an appointment and your Realtor. You cannot see the house from the road and the gate is locked. We don’t want you to waste a trip. Don’t take our word for it, we are most definitely biased. We think it’s an amazing home, come see for yourself.
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Location
Property Details
Parking
- Description: Carport
- Details: Attached
- Garage Spaces: 0
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 4
Bathroom Information
- # of Baths (Full): 4
- # of Baths (Total): 4.0
Interior Features
- # of Rooms: 10
- Fireplace: Yes
Exterior Features
- Foundation: Slab
- Roof Material: Shingle
- Pool: Yes
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential (Assumed)
Lot Information
- Parcel ID: N12001
- Lot Size: 762300 sqft
Property Information
- Property Type: Single Family Residence
- Year Built: 1991
Tax Information
- Annual Tax: $2,307
Utilities
- Water & Sewer: Private, Well
- Heating: Central, Electric
- Cooling: Central Air
Location
- County: Sumter
Listing Details
Investment Summary
- Monthly Cash Flow
- -$4,390
- Cap Rate
- 1.9%
- Cash-on-Cash Return
- -18.5%
- Debt Coverage Ratio
- 0.31
- Internal Rate of Return (5 years)
- -13.9%
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:
| $1,237,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$989,600 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $247,400 |
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:
| $37,110 |
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:
| $284,510 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 4,451 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $278 |
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:
| $0.70 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $989,600 |
|---|---|
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:
| $6,337 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $192 |
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:
| $217 |
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:
| $6,746 |
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:
| $3,100 | $37,200 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$186 | -$2,232 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $2,914 | $34,968 |
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. | 6% | -$192 | -$2,307 |
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% | -$217 | -$2,604 |
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% | -$248 | -$2,976 |
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% | -$155 | -$1,860 |
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% | -$155 | -$1,860 |
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 | 31% | -$967 | -$11,607 |
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:
| $1,947 | $23,364 |
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. | -$6,337 | -$76,044 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | -$4,390 | -$52,680 |