$1,250,000
Investment Summary
- Monthly Cash Flow
- -$3,076
- Cap Rate
- 3.3%
- Cash-on-Cash Return
- -12.8%
- Debt Coverage Ratio
- 0.53
- Internal Rate of Return (5 years)
- -8.4%
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 Paradise in the Promontory at Innisbrook! Rare Opportunity to own this 4 Bedroom, 3.5 Bath, 2 Car Garage Home, w/ Breathtaking Views of the 9th Hole on the Island Golf Course! Lush Landscaping and Pavered Drive leads to Covered Front Porch and Double Door Entry into the Foyer. You will LOVE the private elevator for seamless access to all levels, Designer Finishes and Elegant Upgrades this home offers including the Open Concept Floor Plan! Entertainers Dream! Large Living Room with Tile Flooring, 5 1/4 Inch Baseboards, Raised Ceilings, Crown Molding, Custom Woodwork, Built-Ins, Neutral Paint Colors, Custom Shades, and a Gorgeous Gas Fireplace with Stacked Stone Finish, Built-In Shelving & Pre-Wired for Surround Sound Speakers throughout! The Open Kitchen features High-End 42-Inch Cabinetry, Quartz Countertops, Large Island with Sink & Bar Seating, Stainless Steel Appliances, Built-in oven, a Gas Stove Top, Vent Hood, a Dedicated Pantry, and Designer Lighting. Formal Dining Space just off the Kitchen is Perfect for Hosting Guests and overlooks the Golf Course Views. Glass French Doors Lead to a Private Office or Bonus Space on the Main Level with Custom Built-In Desk - perfect for an Office/Playroom/Flex Space. Upstairs you will immediately be drawn to the Stunning Master Retreat that shows Light and Bright and provides Exceptional Views of the Golf Course that are unlike any other! Imagine Waking up each morning to beautiful Sunrises, and relaxing on your own Private Balcony with Stunning Views of the 9th Hole of the Island Course. This view is incredible whether you love golf, or just love nature. Master Features Dual Custom Walk-In Closets with Built-Ins. The Master Bath Features a Beautiful Double Sink Vanity, Gorgeous Quartz Countertops, a Soaking Tub, and a Large Step-In Shower. There are two additional Bedrooms on the Top level that share an adjacent Full Bath with Dual sinks and Tub/Shower Combo. Heading downstairs to the Bottom Level, you have endless possibilities. This level features a Large Bedroom & Full Bath with Granite Countertop, and Step In Shower. There is a Spacious Second Living Area on this level that could be a great Home Theatre, Gym, Office, or Flex Space. A set of sliders leads out of this area to your very own Private Outdoor Space with countless upgrades. The lower-level patio showcases a covered patio area, Gorgeous Travertine Tile, an Outdoor Kitchen with Upgraded Countertops, a Built-In Grill, Outdoor Fridge, Sink, Seating & Gas Line ready for a fire pit at the center of the patio. There is no better place to relax after a great day on the Golf Course! Beyond the Patio area is a Large turf yard with wrought Iron Fence and room to add a Custom Pool! Live the Florida Lifestyle! This home has a long driveway with plenty of parking for guests, and a 2 Car Garage with Plenty of Storage as well. Large laundry room with storage cabinets and a utility sink on the lower level. Additional Features: 2 A/C units, Water Softener, Tankless HWH, level 2 EV car charger, and Hurricane Shutters. Innisbrook is a Resort-Style Golf and Tennis Community with 4 Excellent Golf Courses, including the Famous Copperhead Course that hosts The Valspar Championship every year (PGA event). The community also features 11+ Tennis Courts, Fitness Center, Racquetball, Spa, Great Restaurants, and 6 Heated Pools (Lochness Resort Style Pool with Water Slide). Great location just minutes away from Beaches, Shopping, and Fun!
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Location
Property Details
Parking
- Description: Driveway, Garage Door Opener
- Details: Driveway, Garage Door Opener, Attached
- Garage Spaces: 2
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 4
Bathroom Information
- # of Baths (Full): 3
- # of Baths (Total): 4.0
Interior Features
- # of Rooms: 13
- # of Stories: 3
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Stucco
- Foundation: Slab
- Roof Type: Gable
- Roof Material: Tile
- Pool Community: Yes
HOA
- Has HOA: Yes
- Association: Promontory at Innisbrook/Jamie Mick
- HOA Fee: $250/monthly
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 252715431150001030
- Lot Size: 5005 sqft
Property Information
- Property Type: Single Family Residence
- Year Built: 2018
Tax Information
- Annual Tax: $8,585
Utilities
- Water & Sewer: Public
- Heating: Central, Electric
- Cooling: Central Air
Location
- County: Pinellas
Listing Details
Investment Summary
- Monthly Cash Flow
- -$3,076
- Cap Rate
- 3.3%
- Cash-on-Cash Return
- -12.8%
- Debt Coverage Ratio
- 0.53
- Internal Rate of Return (5 years)
- -8.4%
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:
| $1,250,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$1,000,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $250,000 |
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:
| $37,500 |
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:
| $287,500 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 3,647 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $343 |
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:
| $1.75 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $1,000,000 |
|---|---|
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:
| $6,526 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $716 |
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:
| $448 |
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:
| $7,690 |
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:
| $6,400 | $76,800 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$384 | -$4,608 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $6,016 | $72,192 |
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. | 11% | -$716 | -$8,586 |
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% | -$448 | -$5,376 |
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% | -$512 | -$6,144 |
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% | -$320 | -$3,840 |
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% | -$320 | -$3,840 |
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% | -$250 | -$3,000 |
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 | 40% | -$2,566 | -$30,786 |
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:
| $3,450 | $41,400 |
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. | -$6,526 | -$78,312 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $3,076 | $36,912 |