$1,095,000
Investment Summary
- Monthly Cash Flow
- -$3,007
- Cap Rate
- 2.9%
- Cash-on-Cash Return
- -14.3%
- Debt Coverage Ratio
- 0.46
- Internal Rate of Return (5 years)
- -9.9%
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
Private lake views framed by lush tropical landscaping create a serene backdrop for this beautifully designed Maria floor plan home in the award-winning community of Fiddler’s Creek. Offered furnished and with the CDD bond paid in full, this four-bedroom, three-full bath, two-car garage residence blends elegance with comfort, highlighted by impact-rated doors and windows, crown molding, diagonal tile flooring, LED recessed lighting and soaring nearly 11-foot ceilings throughout. The open-concept layout flows seamlessly, anchored by a gourmet kitchen with light cabinetry with under-cabinet lighting, granite countertops, an island with pendant lighting and bar seating, tile backsplash, and a walk-in pantry with wood shelving. Stainless steel GE Profile appliances include a built-in convection wall oven, microwave, natural gas cooktop with five burners, French door refrigerator with Keurig® K-Cup® brewing system and a top-control dishwasher. A spacious dining area is enhanced by a striking chandelier and mirrored wall accent, while the living room features a custom built-in entertainment center with quartz countertop, cabinets and glass shelving. The owner’s suite is a private retreat with a tray ceiling, lanai access, dual closets, an electric shade for slider doors and an en-suite bath with granite dual vanities, a makeup counter, soaking tub and a frameless glass walk-in shower. One guest bedroom offers an en-suite bath with a walk-in shower, while two additional guest bedrooms, one with pocket doors ideal as an office or den, share a full bath with tub/shower combo and sliding glass doors. Designed for year-round enjoyment, the expansive no-see-um screened lanai boasts a gas-heated pool and spa, paver pool deck, wood-accent ceiling with fan and a fully equipped outdoor kitchen featuring a GE Monogram grill with rotisserie and side burners, granite countertops, stone backsplash, Zephyr exhaust hood and a GE Monogram indoor/outdoor refrigerator. Additional highlights include a 2024 Lennox HVAC system, security system, epoxy garage floor, and a well-appointed laundry room with cabinets, sink, and GE washer and dryer. Residents enjoy access to the spectacular 54,000-square-foot club and spa offering casual and fine dining, resort-style pools with waterfalls and slides, a fitness center with classes and personal training, active tennis and pickleball programs, bocce, spa services, sauna, steam room and an extremely active social calendar, with exciting renovations underway. Optional memberships are available for The Tarpon Club with beach and marina privileges and The Golf Club with its recently renovated course and new clubhouse. Just minutes from Marco Island, downtown Naples, world-class dining, shopping, executive airport and beaches, this home captures the essence of the desired Florida resort lifestyle.
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Location
Property Details
Parking
- Details: Attached, Covered, Driveway, Garage, Paved, Garage Door Opener
- Garage Spaces: 2
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 4
Bathroom Information
- # of Baths (Full): 3
- # of Baths (Total): 3.0
Interior Features
- # of Rooms: 9
- # of Stories: 1
Exterior Features
- Roof Material: Tile
- Pool: Yes
HOA
- Has HOA: Yes
- Additional HOA Fee: $825/quarterly
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 60175000467
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: Ranch, One Story
- Year Built: 2018
Tax Information
- Annual Tax: $11,011
Utilities
- Water & Sewer: Public
- Heating: Central, Electric
- Cooling: Central Air, Ceiling Fan(s), Electric
Location
- County: Collier
Listing Details
Investment Summary
- Monthly Cash Flow
- -$3,007
- Cap Rate
- 2.9%
- Cash-on-Cash Return
- -14.3%
- Debt Coverage Ratio
- 0.46
- Internal Rate of Return (5 years)
- -9.9%
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:
| $1,095,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$876,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $219,000 |
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:
| $32,850 |
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:
| $251,850 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 2,247 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $487 |
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:
| $2.45 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $876,000 |
|---|---|
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:
| $5,609 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $918 |
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:
| $6,912 |
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. | 17% | -$918 | -$11,011 |
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. | 5% | -$275 | -$3,300 |
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% | -$2,568 | -$30,811 |
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:
| $2,602 | $31,224 |
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. | -$5,609 | -$67,308 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $3,007 | $36,084 |