$1,590,000
Investment Summary
- Monthly Cash Flow
- -$5,786
- Cap Rate
- 1.8%
- Cash-on-Cash Return
- -19.0%
- Debt Coverage Ratio
- 0.29
- Internal Rate of Return (5 years)
- -14.3%
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. STUNNING KEY WEST-STYLE ESTATE HOME ON THE PEACE RIVER! This 5 bed/3.5 bath home spans three stories & features over 3,600 sq ft of living space under air on the main & top floors alone w/an additional 1,300 sq ft on the ground floor. The one-acre property boasts 100 ft of water frontage on the Peace River, undeniable curb appeal w/a circular driveway surrounded by towering palm trees and a northwestern rear exposure that ensures vibrant and colorful sunsets over the water. This updated and meticulously maintained Key West-style home blends timeless design with modern livability. A concrete seawall w/riprap, mature tropical landscaping, and wide water views create a stunning natural backdrop, offering the perfect setting to enjoy Southwest Florida’s relaxed coastal lifestyle — all with direct access to Charlotte Harbor and beyond. The main level of the home is anchored by a bright and inviting great room with soaring, two-story ceilings, wood flooring, a feature wall w/textured stone tile and a row of sliding glass doors that offer spectacular river views. The fully renovated kitchen is a showstopper, featuring sleek cabinetry, quartz countertops, double islands, and stainless appliances. The breakfast nook is a quant space in the turret at the back of the home. A formal dining room, dedicated home office/den, half bath and guest suite round out the main living level, providing a well-balanced mix of open space and defined rooms. Upstairs, the private owner’s suite is positioned to take full advantage of the view, with a private balcony overlooking the river. Two, large walk-in closets provide excellent storage space. The en-suite bath features dual vanities, a soaking tub, and a walk-in shower, along with a large linen closet. A second guest suite with private bath is also located on the top floor, offering privacy and comfort for long-term guests or family. The ground floor includes a versatile flex space that could be used as a family room, game room, or home gym. There are also two additional bedrooms on the ground floor that are ideal for guests, teens, or extended family. Sliding doors open from the flex space to a screened lanai and pool area, creating a casual, multifunctional zone for recreation or relaxation. The oversized 3-car garage includes a 13x13 workshop bump out and dedicated storage area, providing space for vehicles, tools, water toys—or all three. A 12x26 shed/outbuilding is located at the front of the property for even more storage space for your tools, toys or mowers. Other amenities include 2 A/C systems, whole-house hurricane protection w/impact-resistant doors & windows plus ample storage space thanks to large storage rooms on each floor that can be converted into an elevator shaft - allowing for an elevator to be added to the home in the future. Outdoors, the in-ground pool (added on in 2019) invites you to relax beneath swaying palms, while the expansive wraparound porch of the main level and balconies on the third floor add to the home’s signature Southern charm. This property offers the rare opportunity to own a waterfront estate on Riverside Drive that balances architectural character, functional space, and direct access to the best of Florida’s fishing & boating. Make an appointment today, you won't be disappointed.
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Location
Property Details
Parking
- Description: Circular Driveway, Garage Door Opener, Garage Faces Rear, Garage Faces Side, Underground, Workshop in Garage
- Details: Circular Driveway, Garage Door Opener, Garage Faces Side, Oversized, Attached
- Garage Spaces: 3
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 5
Bathroom Information
- # of Baths (Full): 3
- # of Baths (Partial): 1
- # of Baths (Total): 4.0
Interior Features
- # of Rooms: 15
- # of Stories: 3
Exterior Features
- Exterior Walls Materials: Concrete Block
- Roof Material: Metal
- Pool: Yes
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 402334202001
- Lot Size: 50000 sqft
Property Information
- Property Type: Single Family Residence
- Style: Key West
- Year Built: 2000
Tax Information
- Annual Tax: $13,090
Utilities
- Water & Sewer: Public
- Heating: Central, Electric
- Cooling: Central Air
Location
- County: Charlotte
Listing Details
Investment Summary
- Monthly Cash Flow
- -$5,786
- Cap Rate
- 1.8%
- Cash-on-Cash Return
- -19.0%
- Debt Coverage Ratio
- 0.29
- Internal Rate of Return (5 years)
- -14.3%
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:
| $1,590,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$1,272,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $318,000 |
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:
| $47,700 |
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:
| $365,700 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 3,676 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $433 |
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:
| $1.36 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $1,272,000 |
|---|---|
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:
| $8,145 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $1,091 |
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:
| $350 |
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:
| $9,586 |
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:
| $5,000 | $60,000 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$300 | -$3,600 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $4,700 | $56,400 |
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. | 22% | -$1,091 | -$13,090 |
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% | -$350 | -$4,200 |
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% | -$400 | -$4,800 |
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% | -$250 | -$3,000 |
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% | -$250 | -$3,000 |
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 | 47% | -$2,341 | -$28,090 |
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:
| $2,359 | $28,308 |
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. | -$8,145 | -$97,740 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $5,786 | $69,432 |