$1,199,000
Investment Summary
We noticed that property taxes are missing—this is a standard expense and should be considered in your estimate.
- Monthly Cash Flow
- -$3,106
- Cap Rate
- 3.0%
- Cash-on-Cash Return
- -13.5%
- Debt Coverage Ratio
- 0.49
- Internal Rate of Return (5 years)
- -9.1%
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
This one-of-kind Pool Home on over an acre of plush land is amazing in every way and is truly a must see! Floor plan, upgrades, enhancements and location! Nestled in the highly coveted Markham Woods sector of Lake Mary. NO HOA! This residence boasts an array of desirable features and completely renovated. Exterior freshly Painted! Four bedrooms with oversized primary bedroom to include detached in-law suite. Attached Garage is massive and almost a 3 car at 676 square feet. Additionally, a detached 2 car garage for your boat, golf cart, or additional vehicles and a new shed. As you enter the stunning foyer you are mesmerized by the beauty and flow of home. The charming staircase awaits you and opens up to a massive great room with beamed, vaulted ceilings and a magnificent wood burning fireplace for those occasional cool Florida nights. Split Floorplan, with two of the bedrooms on second floor each with walk-in and additional closets. A full bathroom offering privacy and convenience. Stunning, oversized primary bedroom on main floor. Substantial walk-in closet offering additional closet for more than ample storage. Breathtaking primary bathroom features separate dual sinks, mirrored vanity area and standalone walk-in shower and separate tub for luxurious relaxation. Large kitchen-family combo with amazing view in every room. Kitchen features stunning granite and pearl tone custom 42" cabinets - cushion close. High-end Stainless-Steel appliances, including a 5 burner Stove Top, two Ovens and versatile Microwave which also has conventional oven. Ceramic Farmer’s Sink adding functionality and style. The massive custom laundry room with built-in cabinetry, Farmhouse Sink and pantry. Gorgeous wood-like Mowhawk Laminate flooring throughout combining durability and elegance. No carpet. Closets and storage in abundance. Custom baseboards and throughout adding sophistication to every room. Spectacular light fixtures and ceiling fans with programmable remotes, enhancing comfort and style. High Vaulted Ceilings for a spacious feel and so bright and airy. The detached in-law suite is also perfect for media room, playroom or second office. Stained pine hardwood stairwell is simply breathtaking adding warmth and charm. This is the ideal entertainment home. Sliding doors bring you to the amazing lap pool with expansive covered lanai. Pool just refinished and surrounded by beautiful pavers. Just over an acre of mature landscaped land completely fenced for your fury family. What more could you ask for…Absolutely beautiful home, land, 4 car garage(s), in-law area build to suit your needs, and a shed. An abundant of storage options both inside and out. HVAC 2023. Tankless Water Heater 2024. Well Pressure Tank 2023. Filtration System for Entire Home 2024. Pool Resurfaced and New Deck 2023. Pool Screens 2025. Exterior Paint 2025. New Shed 2023. Roof 2015. New Flooring throughout 2024. Kitchen remodel 2024. Dawn Estates of Markham Woods is convenient to everything. I-4 and 417/ 429 minutes away for Disney or a day at the Beach. Wekiva River for kayaking and canoeing with walking/ biking trails and amazing parks, Minutes from Colonial Townpark Plaza. Offering supermarkets, restaurants, shopping and so much more. Down the street from Historical Downtown Sanford with park and weekly Farmer’s Market. Convenient SunRail. Excellent A-Rated Seminole County Schools. Call today for your private viewing before it’s too late.
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Location
Property Details
Parking
- Description: Circular Driveway, Garage Door Opener, Garage Faces Side, Oversized
- Details: Circular Driveway, Covered, Driveway, Garage Door Opener, Garage Faces Side, Guest, Open, Oversized, Workshop in Garage, Attached
- Garage Spaces: 4
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 4
Bathroom Information
- # of Baths (Full): 2
- # of Baths (Total): 3.0
Interior Features
- # of Rooms: 12
- # of Stories: 2
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Stucco
- Foundation: Slab
- Roof Type: Gable
- Roof Material: Shingle
- Pool: Yes
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 02202950300000040
- Lot Size: 45920 sqft
Property Information
- Property Type: Single Family Residence
- Style: Tudor
- Year Built: 1979
Tax Information
- Annual Tax: $0
Utilities
- Water & Sewer: Private, Well
- Heating: Central, Electric, Zoned
- Cooling: Central Air, Zoned
Location
- County: Seminole
Listing Details
Investment Summary
We noticed that property taxes are missing—this is a standard expense and should be considered in your estimate.
- Monthly Cash Flow
- -$3,106
- Cap Rate
- 3.0%
- Cash-on-Cash Return
- -13.5%
- Debt Coverage Ratio
- 0.49
- Internal Rate of Return (5 years)
- -9.1%
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:
| $1,199,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$959,200 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $239,800 |
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:
| $35,970 |
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:
| $275,770 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 3,289 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $365 |
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:
| $1.34 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $959,200 |
|---|---|
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:
| $6,142 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $0 |
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:
| $308 |
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:
| $6,450 |
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:
| $4,400 | $52,800 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$264 | -$3,168 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $4,136 | $49,632 |
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.
We noticed that property taxes are missing—these are standard expenses and should be considered in your estimate. | n/a | n/a | n/a |
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% | -$308 | -$3,696 |
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% | -$352 | -$4,224 |
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% | -$220 | -$2,640 |
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% | -$220 | -$2,640 |
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 | 25% | -$1,100 | -$13,200 |
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:
| $3,036 | $36,432 |
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. | -$6,142 | -$73,704 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $3,106 | $37,272 |