$550,000
Investment Summary
- Monthly Cash Flow
- -$1,370
- Cap Rate
- 3.3%
- Cash-on-Cash Return
- -13.0%
- Debt Coverage Ratio
- 0.52
- Internal Rate of Return (5 years)
- -8.6%
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
Selling our Florida home... 2,865 sq ft 4 bed / 3 bath / 3 car garage + Office & Pool Gated community Complete update in 2024 Located in Mulberry (south Lakeland) in between Tampa & Orlando Below market & priced to sell at $550,000 *$192 SQ FT 3 Comps - all smaller and no pool 4545 Fairway Oaks Dr. Mulberry, FL 33860 - $569,900 *$240 sq ft 4537 Fairway Oaks Dr. Mulberry, FL 33860 - $569,900 *$240 sq ft 4509 Fairway Oaks Dr, Mulberry, FL 33860 - $615,000 *$242 sq ft Beautiful custom Arthur Rutenberg 4-bedroom, 3-bathroom, 3-car garage, pool home with an office located in Central Florida between Tampa and Orlando in down to Earth laid back Polk County. This home is situated on a closed golf course and nature preserve with no rear neighbors in the Fairway Oaks neighborhood within the Imperial Lakes community in Mulberry, FL. Cross the street (Shepherd Rd) and now you are in south Lakeland. It is conveniently located within an hour’s drive to all the theme parks and airports in Tampa & Orlando along with all the white sandy beaches which are just another 15-30 minutes away! Shopping starts just 5 minutes away. There are lots of school options from standard public schools, academies, charter schools, and private schools covering all grade levels. This area offers peace and tranquility while offering plenty of shopping opportunities along with a full palette of food options. Regardless of your taste in clothing or food, you will never have to travel very far to satisfy your desires! The home boasts nearly 3,000 square feet of living space (under air) in addition to the oversized 3 car garage and covered lanai and was freshly renovated in 2024 with paint inside & out including the driveway, sidewalk, and pool deck. New plush ultra thick carpet and padding throughout the home, all floor tile was cleaned and sealed, pool was resurfaced, all new hurricane resistant windows, 4 inch plantation shutters on all privacy areas, water softener, hybrid water heater, new refrigerator, moved current fridge into the laundry room for more storage capacity, new double stove with smooth cooktop, landscape curbing around full perimeter, new automatic lawn sprinkler system, complete pool cage rescreen and paint, and new washer & dryer set. This custom home is great for entertaining family & guests and features larger rooms throughout which are hard to find in today’s typical cookie cutter housing developments. You can go anywhere in the home and never feel cramped for space! You can park 6 visiting cars on the driveway with no problem with room for 4 more vehicles on the street directly in front of the home. The pool has a heater so you can literally enjoy the pool year-round. You could hold a dance party in the oversized master bathroom that features his and her walk-in closets, his and her sinks, private toilet area, sunken tub, oversized walk-in shower, and oversized storage & towel closet. This custom home has an overabundance of closet space including one in the foyer, 2 adjacent ones in the rear by bedroom #4 and the pool bath, and another outside bedrooms 2 & 3 by the community bath. Then there is another one located in the laundry room in addition to the food pantry in the kitchen! There are 7 ceiling fans throughout the home plus an additional 2 on the lanai. The 75-inch wall mounted TV in the family room along with the 50-inch wall mounted TV in the master bedroom stay with the home along with all appliances and all the patio
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Location
Property Details
Parking
- Description: Driveway, Garage Door Opener, Oversized
- Details: Driveway, Garage Door Opener, Oversized, Attached
- Garage Spaces: 3
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 4
Bathroom Information
- # of Baths (Full): 3
- # of Baths (Total): 3.0
Interior Features
- # of Rooms: 3
- # of Stories: 1
Exterior Features
- Exterior Walls Materials: Stucco
- Foundation: Block, Slab
- Roof Type: Hip
- Roof Material: Shingle
- Pool: Yes
HOA
- Has HOA: Yes
- Association: Jennifer Conklin
- HOA Fee: $237/monthly
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 232934142462000160
- Lot Size: 11831 sqft
Property Information
- Property Type: Single Family Residence
- Year Built: 1996
Tax Information
- Annual Tax: $4,800
Utilities
- Water & Sewer: Public
- Heating: Central, Electric
- Cooling: Central Air
Location
- County: Polk
Listing Details
Investment Summary
- Monthly Cash Flow
- -$1,370
- Cap Rate
- 3.3%
- Cash-on-Cash Return
- -13.0%
- Debt Coverage Ratio
- 0.52
- Internal Rate of Return (5 years)
- -8.6%
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:
| $550,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$440,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $110,000 |
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:
| $16,500 |
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:
| $126,500 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 2,865 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $192 |
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:
| $1.08 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $440,000 |
|---|---|
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:
| $2,871 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $400 |
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:
| $217 |
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:
| $3,488 |
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:
| $3,100 | $37,200 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$186 | -$2,232 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $2,914 | $34,968 |
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. | 13% | -$400 | -$4,800 |
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% | -$217 | -$2,604 |
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% | -$248 | -$2,976 |
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% | -$155 | -$1,860 |
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% | -$155 | -$1,860 |
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. | 8% | -$238 | -$2,856 |
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 | 46% | -$1,413 | -$16,956 |
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:
| $1,501 | $18,012 |
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. | -$2,871 | -$34,452 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $1,370 | $16,440 |