$298,000
Investment Summary
- Monthly Cash Flow
- -$981
- Cap Rate
- 2.3%
- Cash-on-Cash Return
- -17.2%
- Debt Coverage Ratio
- 0.37
- Internal Rate of Return (5 years)
- -12.6%
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
NEW TILE ROOF BEING INSTALLED JUNE 2025!!! This 3 bedroom, 2 bath, ground level Mediterranean Style Villa is nestled within the exclusive Vizcaya at Burnt Store Isles deed restricted community, and offers a luxurious yet comfortable living experience in Punta Gorda. Boasting a prime location that overlooks the scenic fairways, greens and lakes of the Twin Isles Golf Course, this Villa is truly a rare find. It features three spacious bedrooms and two full bathrooms. The primary bedroom offers direct access to the lanai, a large walk-in closet, dual sinks, a private water closet, and a walk-in shower, ensuring a sense of relaxation. The two additional bedrooms provide ample space, ideal for hosting guests or accommodating family members. The Villa also includes an attached two-car garage with epoxy flooring, and has a generous storage closet for added convenience. The kitchen is designed with both functionality and style in mind, featuring a raised bar seating area, granite countertops, and a closet pantry. It is the perfect space for both casual meals and entertaining. Additional features include an inside utility room equipped with a laundry tub, washer and dryer, and generous storage options. Further enhancing its appeal are elegant touches such as crown molding, plantation shutters, and a built-in stereo system. Tile flooring extends throughout the main living areas, while cozy carpeting adds warmth to the bedrooms. The Villa's outdoor living space is equally impressive, with a large lanai that boasts a summer kitchen complete with an electric grill and a beverage cooler. The screened lanai provides breathtaking views of the 8th fairway, a nearby lake, and golf greens, creating a serene backdrop for watching wildlife and stunning sunsets. In terms of location, this Villa offers exceptional convenience. Local shopping, and the Twin Isles Country Club is around the corner, and it's just a short drive from historic downtown Punta Gorda, where residents can enjoy waterfront dining, boutique shopping, the famous Fishermen’s Village, and several marinas. The proximity to major highways and airports also makes travel and commuting easy and stress-free, and offers a peaceful and private setting. Optional membership at the nearby Twin Isles Country Club is available, providing access to a championship 18-hole golf course, a swimming pool, a tennis complex, and a clubhouse that hosts dining options and special events. This Villa perfectly combines luxurious living with a prime location and stunning golf course and lake views, making it an ideal place to call home. Make your appointment today!
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Location
Property Details
Parking
- Description: Garage Door Opener, Ground Level
- Details: Garage Door Opener, Attached
- Garage Spaces: 2
- 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: 1
Exterior Features
- Foundation: Block
- Roof Material: Tile
HOA
- Has HOA: Yes
- Association: John Telisky
- HOA Fee: $2,314/quarterly
Land Information
- Land Use: Residential
- Land Use Subtype: Condominium Unit
Lot Information
- Parcel ID: 412320626005
- Lot Size: 2681 sqft
Property Information
- Property Type: Condominium
- Year Built: 2004
Tax Information
- Annual Tax: $2,008
Utilities
- Water & Sewer: Public
- Heating: Central, Electric
- Cooling: Central Air
Location
- County: Charlotte
Listing Details
Investment Summary
- Monthly Cash Flow
- -$981
- Cap Rate
- 2.3%
- Cash-on-Cash Return
- -17.2%
- Debt Coverage Ratio
- 0.37
- Internal Rate of Return (5 years)
- -12.6%
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:
| $298,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$238,400 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $59,600 |
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:
| $8,940 |
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:
| $68,540 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 1,898 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $157 |
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:
| $1.16 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $238,400 |
|---|---|
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:
| 6.840% |
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:
| $1,561 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $167 |
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:
| $154 |
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:
| $1,882 |
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:
| $2,200 | $26,400 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$132 | -$1,584 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $2,068 | $24,816 |
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. | 8% | -$167 | -$2,008 |
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% | -$154 | -$1,848 |
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% | -$176 | -$2,112 |
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% | -$110 | -$1,320 |
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% | -$110 | -$1,320 |
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. | 35% | -$771 | -$9,252 |
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 | 68% | -$1,488 | -$17,860 |
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:
| $580 | $6,960 |
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. | -$1,561 | -$18,732 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $981 | $11,772 |