$1,795,000
Investment Summary
- Monthly Cash Flow
- -$6,166
- Cap Rate
- 2.0%
- Cash-on-Cash Return
- -17.9%
- Debt Coverage Ratio
- 0.33
- Internal Rate of Return (5 years)
- -13.3%
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. RARE FIND! COMPLETELY RENOVATED STUNNING WATERFRONT MASTERPIECE! This custom-built 5 bedroom, 3 full, 3 half bath, 5,324 sf home has been meticulously updated to blend modern luxury with ultimate peace of mind. Situated on a double lot with wide turning basin views, 16,000 lb. covered boat lift, composite dock with water and electric and offers 5 MINUTE SAILBOAT ACCESS TO CHARLOTTE HARBOR LEADING TO THE GULF! From the moment you arrive, the impeccable curb appeal with unique exterior stone chimney and curved masonry walls sets the tone for a home that exudes quality and sophistication. Built for both comfort and maximum storm protection, this home features a 12 ft. elevation, hurricane-impact windows and doors, a whole-home generator supporting everything from the pool to the multiple AC units, new standing seam galvanized steel roof plus new electric panels and upgraded plumbing fixtures. Moving through the breezeway, you’ll find a very special feature of this home. The garage is equivalent to a 4-car garage with 2 bays built-in with additional living space offering a kitchenette, full-size refrigerator, commercial ice maker, sink and microwave-a perfect prep area for outings or late-night poker games plus there is a convenient attached pool bath and outdoor shower. Throughout the home, you’ll find refinished wood floors, elegant new light fixtures, and sleek porcelain tile. The completely new kitchen is a chef’s dream, featuring a gas range, KitchenAid stainless appliances, a reverse osmosis system, and counter seating. A custom kitchen hood blends style and function, making this space as beautiful as it is practical. A pass-through window leads to a versatile entertaining room with new built-in cabinetry—perfect for hosting. Off the kitchen, the family room with a gas fireplace offers the perfect spot to enjoy lanai and water views. Step outside to a brand-new pool and spa, where the picture frame screen showcases breathtaking water views. The pool deck and lanai space feature stunning travertine and the outdoor kitchen completes this paradise. The first floor also features three guest bedrooms, two of which are en-suite, plus a convenient indoor laundry room and an additional half bath. Upstairs, the primary suite is a true sanctuary. This oversized retreat offers plenty of space for a private sitting area, creating a luxurious escape. The spacious walk-in closet features two pocket door entry points and built-in organization, while the ensuite bath enhances the retreat-like feel. Just outside, the private balcony provides an uncompromising waterway view. Down the hall, a convenient kitchenette, additional half bath, extra bedroom, and flex space offer versatility to fit your needs. Perfectly manicured lawns are maintained by a new irrigation system sourced from the property’s well, with each garden bed also irrigated for effortless upkeep. This home is WIFI and phone manageable, from appliances to irrigation to the pool and spa, to name a few. Located close to Port Charlotte Beach Park, Sunseeker Resort, and downtown historic Punta Gorda, you'll enjoy easy access to fine dining, shopping, beautiful parks, award-winning fishing and boating, community events, and entertainment. Plus, you're just a short drive from Gulf Coast beaches. Don’t miss the video walk-thru attached to the listing!
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Location
Property Details
Parking
- Description: CircularDriveway, Driveway, Detached, Garage, Paved, GarageDoorOpener
- Details: Converted Garage, Driveway, Garage Door Opener, Oversized, Attached
- Garage Spaces: 3
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 5
Bathroom Information
- # of Baths (Full): 3
- # of Baths (Partial): 2
- # of Baths (Total): 6.0
Interior Features
- # of Rooms: 15
- # of Stories: 2
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Stucco
- Roof Material: Metal
- Pool: Yes
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 402226352005
- Lot Size: 29225 sqft
Property Information
- Property Type: Single Family Residence
- Style: Custom
- Year Built: 1993
Tax Information
- Annual Tax: $24,090
Utilities
- Water & Sewer: Public
- Heating: Central, Electric
- Cooling: Central Air, Ductless
Location
- County: Charlotte
Listing Details
Investment Summary
- Monthly Cash Flow
- -$6,166
- Cap Rate
- 2.0%
- Cash-on-Cash Return
- -17.9%
- Debt Coverage Ratio
- 0.33
- Internal Rate of Return (5 years)
- -13.3%
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:
| $1,795,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$1,436,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $359,000 |
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:
| $53,850 |
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:
| $412,850 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 5,324 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $337 |
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:
| $1.37 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $1,436,000 |
|---|---|
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:
| $9,195 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $2,008 |
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:
| $511 |
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:
| $11,714 |
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:
| $7,300 | $87,600 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$438 | -$5,256 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $6,862 | $82,344 |
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. | 28% | -$2,008 | -$24,091 |
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. | 7% | -$511 | -$6,132 |
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% | -$584 | -$7,008 |
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% | -$365 | -$4,380 |
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% | -$365 | -$4,380 |
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 | 53% | -$3,833 | -$45,991 |
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:
| $3,029 | $36,348 |
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. | -$9,195 | -$110,340 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | -$6,166 | -$73,992 |