$4,250,000
Investment Summary
- Monthly Cash Flow
- -$18,203
- Cap Rate
- 1.0%
- Cash-on-Cash Return
- -22.3%
- Debt Coverage Ratio
- 0.16
- Internal Rate of Return (5 years)
- -17.6%
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
Chatham Place – A Rare Blend of Southern Charm & Modern Luxury in Olde Naples. An exclusive enclave of just 16 residences, nestled in a picturesque, private setting, this three-story villa is surrounded by serene fountains, lush gardens, elegant courtyards, wrought iron fences, and charming balconies—creating an atmosphere of timeless elegance. Step inside and experience a seamless blend of luxury and comfort, featuring an open-concept design, an oversized two-car garage, and a private elevator servicing all levels. Every detail has been thoughtfully curated, from premium flooring throughout to the beautifully renovated kitchen and spa-like bathrooms. Custom closets in every room, plantation shutters, and impact-resistant windows and doors elevate the home’s style, security, and efficiency. At the heart of the home is the newly renovated chef’s kitchen—a true culinary masterpiece. Designed to impress, it features custom cabinetry, rare Dekton countertops, a custom tile backsplash, top-of-the-line appliances, an in-counter wine chiller, and a walk-in pantry. The kitchen flows effortlessly into the expansive great room and dining area, where walls of windows bathe the interiors in natural light. Beyond the glass doors awaits an extraordinary private outdoor oasis—a one-of-a-kind retreat where luxury and relaxation converge. Enjoy cozy evenings by the fire, prepare meals in the fully equipped outdoor kitchen, and unwind in the heated spa, surrounded by lush landscaping and the warmth of an outdoor fireplace. Designed for convenience and efficiency, this home includes a tankless water heater and a spacious upper-level laundry center. The second level boasts two ensuite guest rooms, each offering comfort and privacy. The third level primary suite is a true sanctuary, featuring a generous walk-in closet with custom cabinetry, a private balcony, and an adjoining den—ideal for a home office or serene retreat. Located in the highly sought-after Olde Naples, Chatham Place is a pet-friendly community offering the perfect balance of tranquility and accessibility. Just a short stroll away, explore the vibrant 3rd Street South and 5th Avenue South districts, renowned for their boutique shopping, fine dining, and cultural attractions. The pristine Gulf beaches are also just steps away, making this an unparalleled opportunity to own a piece of paradise. This exceptional villa is truly a rare gem—boasting timeless charm, modern luxury, and a coveted high elevation with no hurricane damage. Don't miss your chance to experience the finest in Naples living—schedule your private tour today!
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Location
Property Details
Parking
- Description: Attached, Deeded, Driveway, Garage, Guest, Paved, GarageDoorOpener
- Details: Attached, Deeded, Driveway, Garage, Guest, Paved, Garage Door Opener
- Garage Spaces: 2
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 3
Bathroom Information
- # of Baths (Full): 3
- # of Baths (Partial): 1
- # of Baths (Total): 4.0
Interior Features
- # of Stories: 3
Exterior Features
- Roof Material: Tile
HOA
- Has HOA: Yes
- HOA Fee: $3,825/quarterly
Land Information
- Land Use: Residential
- Land Use Subtype: Condominium Unit
Lot Information
- Parcel ID: 5350000140
- Lot Size: 0 sqft
Property Information
- Property Type: Condominium
- Style: Multi Level
- Year Built: 2003
Tax Information
- Annual Tax: $13,914
Utilities
- Water & Sewer: Public
- Heating: Natural Gas, Central, Electric
- Cooling: Central Air, Electric
Location
- County: Collier
Listing Details
Investment Summary
- Monthly Cash Flow
- -$18,203
- Cap Rate
- 1.0%
- Cash-on-Cash Return
- -22.3%
- Debt Coverage Ratio
- 0.16
- Internal Rate of Return (5 years)
- -17.6%
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:
| $4,250,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$3,400,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $850,000 |
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:
| $127,500 |
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:
| $977,500 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 3,147 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $1,350 |
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:
| $2.76 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $3,400,000 |
|---|---|
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:
| $21,771 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $1,160 |
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:
| $609 |
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:
| $23,540 |
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:
| $8,700 | $104,400 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$522 | -$6,264 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $8,178 | $98,136 |
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. | 13% | -$1,160 | -$13,915 |
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% | -$609 | -$7,308 |
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% | -$696 | -$8,352 |
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% | -$435 | -$5,220 |
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% | -$435 | -$5,220 |
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. | 15% | -$1,275 | -$15,300 |
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 | 53% | -$4,610 | -$55,315 |
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:
| $3,568 | $42,816 |
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. | -$21,771 | -$261,252 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | -$18,203 | -$218,436 |