$865,000
Investment Summary
- Monthly Cash Flow
- -$2,909
- Cap Rate
- 2.2%
- Cash-on-Cash Return
- -17.5%
- Debt Coverage Ratio
- 0.36
- Internal Rate of Return (5 years)
- -13.0%
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 Hideaway Cove, a stunning neighborhood located in an all "A" school district in the charming city of Oviedo, FL. This nearly BRAND NEW home is a must see! You will absolutely love this gated community & its ambiance, the developer left a lot of the gorgeous, old, oak trees. This Glenwood model features 5 bedrooms, 3 full bathrooms, a HUGE LOFT (15'x22'), 3-car tandem garage (Tesla Charger Included) & a light & bright gourmet kitchen with over 3,814 square feet of living space & upgraded throughout*A Multigenerational Home Offering A Full Bedroom & Bathroom downstairs. Step foot onto the welcoming front porch (23'x16') & walk inside. The two-story entryway welcomes guests & loved ones & creates quite a first impression. To the left, is a formal dining-space conveniently located toward the front of the home. Next up, is the generously upgraded GOURMET KITCHEN: UPGRADED built-in convection oven & microwave, Monogram stainless-steel hood, cooktop, under-cabinet lighting, UPGRADED FARMHOUSE SINK, UPGRADED TILE BACKSPLASH, walk-in pantry, coffee-bar, & a MUST SEE kitchen island (5'x9') that has plenty of bar seating, these are just a few of the features that make this kitchen a must see! Your dream kitchen opens to an ample-sized breakfast nook (13'x12') & family room (17'x20') in which there is an abundant amount of natural light with views of the covered screened in patio with pavers underfoot (12'x11'). The floor-plan includes a bedroom & full bathroom downstairs, perfect for an in-law quarters. The downstairs bathroom leads to the backyard, making for an ideal cabana bath should the new owners decide to build a pool. The spacious laundry room measures 8'x10' & has a big storage closet. Head upstairs to find the giant loft (15'x22') which is open to below, a grand primary bedroom, bathroom, & closet, 3 guest bedrooms, & an additional bathroom with double-sinks. French doors welcome you to the owner’s suite. This 15'x12' room has plenty of windows, allowing soothing natural light. The spa-like bathroom (15'x12') showcases two vanities, a shower, separate garden tub, & a private water-closet. The owner’s closet is oversized (8' x 12'.) There are 4 bedrooms upstairs, the primary bedroom, & 3 more bedrooms. 1 of the 3 secondary bedrooms measures 12' x 15'. The 2nd of the 3 bedrooms is BIG, measuring 12' x 17'; this bedroom has an upgraded feature: French doors that lead to your exterior covered porch, this porch is such a private & peaceful area, measuring 12' x 13'. The 3rd bedroom upstairs measures 11' x 11'. Each secondary bedroom has a walk-in closet. Additional upgrades: water softener, the loft area & Fam. Room are wired to TV mounts & speakers, the 12'x17' bedroom/media room is wired for 5.1.2 speaker system, ethernet ports, Hunter Douglas blinds on all the windows, & automatic blinds for the sliding doors in the dinette area. This home is located on a cul-de-sac street, so you can watch the little ones from your front porch. With a 100-Energy Star 3.1 certified, this home is energy efficient & will save homeowner on the energy bill. Some of the energy saving features include Core-Fill™ insulation in the block walls, R-38 ceiling insulation, Low-E double pane windows, & Energy Star appliances. Schedule your showing today!<iframe width="853" height="480" src="https://my.matterport.com/show/?m=ka39UdGfnfz&mls=1" frameborder="0" allowfullscreen allow="autoplay; fullscreen; web-share; xr-spatial-tracking;"></ifram
Build Your Team
Quickly find investor-friendly professionals who can help you succeed in real estate investing at any stage of the investing journey.
Agents
Match with investor-friendly agents who can help you find, analyze, and close your next deal
Lenders
Get the best funding…find investor-friendly lenders who specialize in your deal strategy
Property Managers
Transition to passive investing. Find a trusted property management partnership that lasts.
Tax Pros & Accountants
Taxes and financial reporting made easy—find experts to create tax savings strategies, file taxes, and more
Location
Property Details
Parking
- Description: Garage
- Details: Attached
- Garage Spaces: 3
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 5
Bathroom Information
- # of Baths (Full): 3
- # of Baths (Total): 3.0
Interior Features
- # of Rooms: 15
- # of Stories: 2
Exterior Features
- Exterior Walls Materials: Stucco
- Foundation: Slab
- Roof Type: Gable
- Roof Material: Shingle
HOA
- Has HOA: Yes
- Association: AMANDA
- HOA Fee: $140/monthly
- Additional Association: COMMUNITY MANAGEMENT SPECIALIST, INC.
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 25213150600001150
- Lot Size: 8400 sqft
Property Information
- Property Type: Single Family Residence
- Year Built: 2022
Tax Information
- Annual Tax: $8,841
Utilities
- Water & Sewer: None
- Heating: Electric
- Cooling: Central Air
Location
- County: Seminole
Listing Details
Investment Summary
- Monthly Cash Flow
- -$2,909
- Cap Rate
- 2.2%
- Cash-on-Cash Return
- -17.5%
- Debt Coverage Ratio
- 0.36
- Internal Rate of Return (5 years)
- -13.0%
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:
| $865,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$692,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $173,000 |
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:
| $25,950 |
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:
| $198,950 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 3,814 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $227 |
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:
| $0.94 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $692,000 |
|---|---|
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:
| 6.810% |
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:
| $4,516 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $737 |
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:
| $252 |
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:
| $5,505 |
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:
| $3,600 | $43,200 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$216 | -$2,592 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $3,384 | $40,608 |
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. | 20% | -$737 | -$8,842 |
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% | -$252 | -$3,024 |
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% | -$288 | -$3,456 |
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% | -$180 | -$2,160 |
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% | -$180 | -$2,160 |
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. | 4% | -$140 | -$1,680 |
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 | 49% | -$1,777 | -$21,322 |
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:
| $1,607 | $19,284 |
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. | -$4,516 | -$54,192 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $2,909 | $34,908 |