$939,900
Investment Summary
- Monthly Cash Flow
- -$2,747
- Cap Rate
- 2.6%
- Cash-on-Cash Return
- -15.2%
- Debt Coverage Ratio
- 0.43
- Internal Rate of Return (5 years)
- -10.7%
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
STUNNING KEYWEST STYLE WATERFRONT POOL HOME in Hernando Beach. As they say.. Love Where You Live! So Much to Love Here.. You Will Enjoy Swimming in Your Very Pretty Heated Privacy Tropical Image Screened POOL with Fish & Turtle Muriels + Newer Tile & Diamond Brite Finish - This Coastal Home is Located in the Part of Hernando Beach that has Quick Direct Access to the GULF with No Fixed Bridges - When not out Boating or Fishing, Enjoy watching the Boats Go Out of the Marlin Canal to the Gulf from Your Backyard - 10K Boatlift (V-Haul & Pontoon Bunks with 2 New Motors & Switches) with 2021 Composite 16x8.5 ft Deck + 2021 16.5x8 ft Floating Composite Dock with Aluminum Posts - Do you have a RV or Trailer or Additional Water Toys?.. There is Room on the Right Side to Park.. All Fenced with a Double Door Gate for Ease to maneuver your Toy(s) - The lot is larger than most at 86x112.5 ft - Your Waterfront Vinyl Fenced Backyard is what Florida Living is All About.. See the Sunrises to the East and the Sunsets to the West. Plus Room to Entertain on the Pavered Patio or Just Enjoy a Relaxing Peaceful Day. Step Through the Front Double Doors (All 2018 PGT Windows, Doors & Sliders are impact rated including the 2019 Garage Doors & 2024 Front Double Doors) to an Open Floor Plan. Living Room offers Crown Molding & Sliders to the Screened Covered Back Porch with Roll Down Shades. Off of the Living Room is the Kitchen.. This Beautiful Thomasville Custom Kitchen was built with the Chef in the family in mind. Wood Cabinets with Crown Molding, Glass Fronts, Under Cabinet Lighting, Custom Chimney Vent, Pot Drawers, Granite Counters, Kitchen Island, Breakfast Bar, French Door Double Drawer Refrigerator, 2023 GE Profile Double Convection / Air Fryer Ovens, Built in Microwave, Warming Tray, Glass Backsplash + Glass Blocks for Natural Lighting. Plus Delta Touch Faucet & Instant Hot Water under the sink. Of Course.. There is a Walk in Pantry. One End is the Breakfast Nook with Bay Windows overlooking the Water and the Other End is the Formal Dining Room (which could easily be converted to an extra bedroom or a bigger office). Are you looking for a place to put the Elevator??. Small Office Room can easily be where you would put your Future Elevator. Guest Bedrooms with Plantation Shutters and Guest Tub/Shower Bathroom are on the Main Level. The Laundry Room is Nearby and Offers Washer, Dryer, Cabinets & Utility Sink. Do you like Privacy? The Third Level is the Primary Owner's Suite.. Large Bedroom with Plantation Shutters & Private Balcony, Elegant Bathroom with Soaking Jetted Tub + Walk in Shower & Dual Sink Vanity with Granite Counter... Plus Walk in Closet & Additional Closet at the Top of the Stairs.. The Private Balcony is Such a Great Place to Enjoy the Coastal Breezes, Gorgeous Skies & the Quiet. Okay.. Now for Him... The MANCAVE aka GARAGE is 1,536 sf.. Room for 4 Vehicles PLUS Workshop, Additional Utility Sink & Storage.. Amazing.. Once you have this.. you wonder how you ever went without! Metal Roof, 2015 HVAC with Warranty until 2027 - 2 Zones with Carrier Infinity Smart Thermostat, Tankless 2024 Water Heater.. So Much Love Put into Your New Waterfront Home.. Come See!
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Location
Property Details
Parking
- Description: Garage
- Details: Attached
- Garage Spaces: 4
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 3
Bathroom Information
- # of Baths (Full): 2
- # of Baths (Total): 2.0
Interior Features
- # of Rooms: 9
- # of Stories: 3
Exterior Features
- Exterior Walls Materials: Siding (Alum/Vinyl)
- Roof Type: Gable or Hip
- Roof Material: Metal
- Pool: Yes
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: R1222316202006500060
- Lot Size: 9632 sqft
Property Information
- Property Type: Single Family Residence
- Year Built: 2003
Tax Information
- Annual Tax: $4,990
Utilities
- Water & Sewer: Public
- Heating: Central, Electric, Zoned
- Cooling: Central Air, Zoned
Location
- County: Hernando
Listing Details
Investment Summary
- Monthly Cash Flow
- -$2,747
- Cap Rate
- 2.6%
- Cash-on-Cash Return
- -15.2%
- Debt Coverage Ratio
- 0.43
- Internal Rate of Return (5 years)
- -10.7%
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:
| $939,900 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$751,920 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $187,980 |
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:
| $28,197 |
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:
| $216,177 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 2,023 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $465 |
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:
| $1.78 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $751,920 |
|---|---|
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:
| $4,815 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $416 |
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:
| $5,483 |
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. | 12% | -$416 | -$4,990 |
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. | 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 | 37% | -$1,316 | -$15,790 |
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:
| $2,068 | $24,816 |
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. | -$4,815 | -$57,780 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $2,747 | $32,964 |