$1,949,000
Investment Summary
- Monthly Cash Flow
- -$8,569
- Cap Rate
- 0.9%
- Cash-on-Cash Return
- -22.9%
- Debt Coverage Ratio
- 0.14
- Internal Rate of Return (5 years)
- -18.1%
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
Welcome To This Rare Waterfront Masterpiece on a cul-de-sac in one of Cape Coral's most desirable neighborhoods just off Surfside Blvd. Built in 2023 this south exposure turnkey dream escape boasts 3,245 sq ft of living area with all 4 spacious bedrooms enjoying the fantastic water views. 155’ of water frontage with a raised 10’ seawall accommodate a composite decking captain’s walk all across with a 30’ boat slip and 16,000 lbs. lift with with water and electricity, a 15’x10’ Tiki Hut and kayak platform. The outdoor space is nothing less than outstanding: an all-day sun flooded 103’ wide pool deck surrounded by a panoramic screen enclosure covering a 58’ long gas-heated saltwater pool and spa with 2 sun ledges and a rock pit as well as a hot/cold shower and plenty of lounge chair space including a separate pool bathroom and an additional room for a future sauna or simply storage. The 47’ wide covered terrace features a BULL summer kitchen with granite countertop, active hood, fridge, sink and trash can. The grill is supplied with propane gas by a 1,100 gal buried gas tank also serving the tankless water heater, pool heater, future fire pit and fireplace on the lanai. While the house has impact windows and doors the lanai area can be protected by just lowering the massive Kevlar screens. Walking inside through the expansive sliders the seamless indoor-outdoor flow becomes clear. Lots of natural light, 13’ ceilings paired with tray ceilings up to 15’ generate lots of volume. The kitchen is outfitted with premium LG appliances and a wine rack and quartz countertops covering the breakfast bar and the island waterfall dining table. The open den area, the living room, kitchen and all 4 bedrooms have prime views of the pool deck and canal. The oversized primary suite is a retreat, showcasing a tray ceiling, his-and-hers closets, lanai access and fantastic views as well as a modern double vanity bathroom with quartz, a standalone tub and a huge walk-in shower. The 3 guest bedrooms all feature their own ensuite bathrooms with quartz countertops and different themes as well as spacious closets. The home is equipped with Italian floor tiles, premium cabinets, 3 air conditioning units, a Sonos sound system, a 5-camera system with monitor, smart TVs, security system, and modern lighting as well as a 3rd separated garage. The laundry room accommodates the washer, dryer, additional storage space, floor cabinets with sink and the structured wiring wall box. Enjoy the finest lifestyle with boating, fishing, golfing, shopping, airports, islands and beaches. You are hosting gatherings or unwinding after a long day? This home’s outdoor oasis delivers the ultimate Florida experience. Whether you're looking for a private estate or a luxury vacation rental, this wonderfully crafted home with attention to detail and modern finishes offers it all and is ideal for a homeowner, investor, or business professional seeking an elite retreat in the Southwest Florida paradise.
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Location
Property Details
Parking
- Description: Garage
- Details: Attached, Garage, Garage Door Opener
- Garage Spaces: 3
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 4
Bathroom Information
- # of Baths (Full): 4
- # of Baths (Total): 5.0
Interior Features
- # of Stories: 1
Exterior Features
- Exterior Walls Materials: Stucco
- Roof Type: IRR/Cathedral
- Roof Material: Metal
- Pool: Yes
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 084523C104920.0020
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: Ranch, One Story
- Year Built: 2023
Tax Information
- Annual Tax: $29,386
Utilities
- Water & Sewer: Public
- Heating: Central, Electric, Zoned
- Cooling: Central Air, Electric, Zoned
Location
- County: Lee
Listing Details
Investment Summary
- Monthly Cash Flow
- -$8,569
- Cap Rate
- 0.9%
- Cash-on-Cash Return
- -22.9%
- Debt Coverage Ratio
- 0.14
- Internal Rate of Return (5 years)
- -18.1%
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:
| $1,949,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$1,559,200 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $389,800 |
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:
| $58,470 |
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:
| $448,270 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 3,245 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $601 |
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:
| $1.73 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $1,559,200 |
|---|---|
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:
| $9,984 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $2,449 |
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:
| $392 |
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:
| $12,825 |
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:
| $5,600 | $67,200 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$336 | -$4,032 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $5,264 | $63,168 |
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. | 44% | -$2,449 | -$29,386 |
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% | -$392 | -$4,704 |
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% | -$448 | -$5,376 |
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% | -$280 | -$3,360 |
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% | -$280 | -$3,360 |
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 | 69% | -$3,849 | -$46,186 |
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:
| $1,415 | $16,980 |
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. | -$9,984 | -$119,808 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $8,569 | $102,828 |