$1,175,000
Investment Summary
- Monthly Cash Flow
- -$3,748
- Cap Rate
- 2.3%
- Cash-on-Cash Return
- -16.6%
- Debt Coverage Ratio
- 0.38
- Internal Rate of Return (5 years)
- -12.1%
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
Step into this “ONE OF A KIND” impeccably WELL BUILT and maintained HACIENDA COURTYARD ESTATE, privately nestled within the gated "RIVERSIDE" subdivision of the coveted Riverwood Community. Positioned on a sprawling, beautifully landscaped lot, this home radiates Mediterranean detail at every turn. A grand circular driveway leads to an impressive entryway, where redwood rod iron doors set the stage for timeless sophistication. Inside, the main living areas are open and inviting, featuring high-volume ceilings, rich terracotta tile floors, and large windows that fill the space with natural light and views of the private courtyard. Renovated gourmet kitchen is a chef’s delight, with custom cabinetry, leather rainforest granite countertops, a spacious island, and top-of-the-line appliances. French doors open from the kitchen to the courtyard, creating a seamless flow for indoor-outdoor entertaining. The adjacent dining area is perfect for gatherings, with access to an expansive backyard patio—a private sanctuary for gardening or quiet reflection.The Primary Suite is a luxurious retreat, complete with a remodeled spa-like bathroom featuring a soaking tub, dual vanities, and spacious walk-in closets. Upstairs, two uniquely faux-painted bedrooms with new luxury vinyl flooring offer comfort and charm, each with a private bathroom, large closets, and shared access to a washer and dryer. An expansive den on this level serves as an ideal space for a private office, fitness room, or hobby area. Each room opens to a wraparound balcony with scenic views of the pool and the landscaped courtyard that are also accessible by an outdoor spiral staircase. The COURTYARD is the heart of the home, showcasing a large heated saltwater pool and spa with a tropical water fountain, outdoor kitchen, and a custom two-sided fireplace. Multiple seating areas make this the perfect space for alfresco dining or relaxing under the stars. A separate casita, complete with its own entrance, provides a private retreat for guests, featuring a kitchenette, private bath, and a spacious cedar closet. Additional value features include an oversized three-car garage with storage, a replaced Tile Roof (2024) a Lanai Cage (2023), Pool Resurfacing (2023), and so much more. Contact the listing agent for further details and a showing today to begin living the GRAND FLORIDA LIFESTYLE you've been dreaming of! Property taxes include an annual CDD fee. Riverwood stands as a premier community in Southwest Florida, offering an exquisitely landscaped setting along the tranquil Myakka River, nestled between Fort Myers and Sarasota in Port Charlotte. Spanning 1300 acres, Riverwood's master-planned community seamlessly blends natural beauty with modern living trends. Enjoy an array of lifestyle amenities, including a recreation center equipped with a state-of-the-art fitness facility, a lap pool and resort style pool, 6 hard-tru tennis courts, pickleball courts, lawn croquet, and a dog park, among others! Riverwood Golf Club is recognized as a Golf Digest-rated 4 ½ star golf course and Riverwood Beach Club on the Gulf of Mexico offers memberships based on availability. Conveniently located near Sunseeker Resort, which boasts a variety of restaurants, the Tampa Rays and Atlanta Braves Spring Training facilities, boating, world-class fishing, and the pristine beaches of Southwest Florida, Riverwood’s location provides easy access to a wealth of cultural and lifestyle opportunities.
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Location
Property Details
Parking
- Description: Circular Driveway, Garage Door Opener, Garage Faces Side, Oversized
- Details: Circular Driveway, Garage Door Opener, Garage Faces Side, Oversized, Attached
- Garage Spaces: 3
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 4
Bathroom Information
- # of Baths (Full): 4
- # of Baths (Partial): 1
- # of Baths (Total): 5.0
Interior Features
- # of Rooms: 8
- # of Stories: 2
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Stucco
- Foundation: Slab
- Roof Material: Tile
- Pool: Yes
HOA
- Has HOA: Yes
- Association: RIVERWOOD MANAGER
- HOA Fee: $209/monthly
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 402120203003
- Lot Size: 23158 sqft
Property Information
- Property Type: Single Family Residence
- Style: Courtyard, Mediterranean
- Year Built: 2001
Tax Information
- Annual Tax: $21,577
Utilities
- Water & Sewer: Public
- Heating: Central, Electric, Zoned
- Cooling: Central Air, Zoned
Location
- County: Charlotte
Listing Details
Investment Summary
- Monthly Cash Flow
- -$3,748
- Cap Rate
- 2.3%
- Cash-on-Cash Return
- -16.6%
- Debt Coverage Ratio
- 0.38
- Internal Rate of Return (5 years)
- -12.1%
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:
| $1,175,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$940,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $235,000 |
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:
| $35,250 |
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:
| $270,250 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 4,210 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $279 |
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:
| $1.47 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $940,000 |
|---|---|
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:
| $6,019 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $1,798 |
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:
| $434 |
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:
| $8,251 |
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:
| $6,200 | $74,400 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$372 | -$4,464 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $5,828 | $69,936 |
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. | 29% | -$1,798 | -$21,578 |
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% | -$434 | -$5,208 |
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% | -$496 | -$5,952 |
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% | -$310 | -$3,720 |
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% | -$310 | -$3,720 |
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. | 3% | -$209 | -$2,508 |
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 | 57% | -$3,557 | -$42,686 |
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:
| $2,271 | $27,252 |
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. | -$6,019 | -$72,228 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $3,748 | $44,976 |