$2,145,000
Investment Summary
- Monthly Cash Flow
- -$5,097
- Cap Rate
- 3.3%
- Cash-on-Cash Return
- -12.4%
- Debt Coverage Ratio
- 0.54
- Internal Rate of Return (5 years)
- -8.0%
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
BELOW MARKET VALUE AND PRICED TO SELL... Welcome to The Estates at Lake Clarice Windermere’s hidden gem. If your checklist includes beautiful private lake views, idyllic sunsets, peace, quiet & tranquility, and all in a small boutique neighborhood then, you just might have found a new place to call home. Built in 2018 and recently refreshed & upgraded for 2025 this immaculate lakefront custom home ticks all the boxes. With a very desirable open floor plan encompassing sweeping lake views from the main reception rooms to the oversized pool deck. Expect to enjoy a spacious kitchen with hidden pantry and a generously over-sized center island which makes entertaining a breeze. Complete with a new outdoor kitchen including a 36-inch grill, side burner and hibachi top grill to make cook outs a real thing for breakfast, lunch, and dinner all year round. The west facing pool deck provides unrivalled peace with uninterrupted views of Lake Clarice, a preserve of natural beauty, which attracts small birds whose gentle sounds can be heard as you rest in your hammock enjoying the Florida lifestyle to its fullest. Interior accommodation extends to 5 well-proportioned bedrooms and 4 full bathrooms. The Master Bedroom Retreat can be found on one side of the home with its spa like Master Bathroom along with his and her walk-in closets. There are three more secondary bedrooms on the first floor along with a dining room and a separate laundry room at the front of the home. Upstairs, there is a 5th Bedroom with an en-suite bathroom, a purpose-built media room for game days & movie nights, an open plan office or den and a magnificent west facing balcony with wonderful views out over the lake. Set on a near 1.4-acre lake encompassing lot with beautiful gardens and incredible serenity this home offers buyers the opportunity to live in an almost perfect environment, close to everything but quiet enough to think you are in dreamland, it is almost like country living on the city’s doorstep. Zoned for Windermere High School and with easy access to all the areas main attractions the location is special and is sure to appeal to buyers. Shopping, Dining, Entertainment and Travel (airport & ports) are within easy reach and yet the peace and tranquility afforded by life in Windermere remains undisturbed. The pictures and video speak for themselves but seeing really is believing! Why not come out and visit this home in person, you surely will not be disappointed. Recent updates & upgrades include but are not limited to replacing all carpets with engineered hardwood, frameless shower enclosures, new sinks & countertops in 3 guest bathrooms, new kitchen countertops and sink, single slab quartz island top, power washed & sealed driveway pavers, new polyaspartic garage floor covering, trees trimmed ahead of storm season, interior painting. The listing Broker has a beneficial interest in the property being sold.
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Location
Property Details
Parking
- Description: Garage
- Details: Attached
- Garage Spaces: 3
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 5
Bathroom Information
- # of Baths (Full): 4
- # of Baths (Total): 4.0
Interior Features
- # of Rooms: 10
- # of Stories: 2
Exterior Features
- Exterior Walls Materials: Stucco
- Foundation: Slab
- Roof Type: Gable or Hip
- Roof Material: Tile
- Pool: Yes
HOA
- Has HOA: Yes
- Association: Charlie Foster
- HOA Fee: $2,400/annually
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 112327243200170
- Lot Size: 60664 sqft
Property Information
- Property Type: Single Family Residence
- Year Built: 2018
Tax Information
- Annual Tax: $19,639
Utilities
- Water & Sewer: Public
- Heating: Zoned
- Cooling: Central Air
Location
- County: Orange
Listing Details
Investment Summary
- Monthly Cash Flow
- -$5,097
- Cap Rate
- 3.3%
- Cash-on-Cash Return
- -12.4%
- Debt Coverage Ratio
- 0.54
- Internal Rate of Return (5 years)
- -8.0%
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:
| $2,145,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$1,716,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $429,000 |
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:
| $64,350 |
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:
| $493,350 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 4,791 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $448 |
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:
| $2.34 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $1,716,000 |
|---|---|
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:
| $10,988 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $1,637 |
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:
| $784 |
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:
| $13,409 |
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:
| $11,200 | $134,400 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$672 | -$8,064 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $10,528 | $126,336 |
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. | 15% | -$1,637 | -$19,640 |
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% | -$784 | -$9,408 |
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% | -$896 | -$10,752 |
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% | -$560 | -$6,720 |
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% | -$560 | -$6,720 |
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. | 2% | -$200 | -$2,400 |
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 | 41% | -$4,637 | -$55,640 |
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:
| $5,891 | $70,692 |
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. | -$10,988 | -$131,856 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $5,097 | $61,164 |