$235,000
Investment Summary
- Monthly Cash Flow
- -$267
- Cap Rate
- 4.8%
- Cash-on-Cash Return
- -5.9%
- Debt Coverage Ratio
- 0.78
- Internal Rate of Return (5 years)
- -1.7%
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
One or more photo(s) has been virtually staged. Marion Oaks Move In Ready! Don't wait for new construction with low end contractor grade finishes. Our upgraded home cannot be beat. This 2020 block/stucco home has a 5-year transferable 2-10 Home Warranty and is perfectly located and sized at 1369 SF. As you walk up to the home you will note new exterior paint, trim and decorative louvered shutters, covered porch, lit doorbell, whole house gutters with leaf filters and a 2-car garage with screens. Once inside you will feel the luxurious upgrades and color palette. This 3 bedroom, 2 bath, split plan home has been completely tiled with 18x18 ceramic tile designed with attention to detail with custom laid diamond pattern in primary bedroom for distinction. Interior has brushed nickel metal finishes with Sherwin-William Super paint in a satin finish and new "Colonial Style" baseboards. All doors have elegant handles, upgraded doorstops, hinges, 9 electrical receptacles with built in USB charging plug for modern living. Upgraded Decora brand square outlet receptacles, wall switches and cover plates, not round duplex contractor grade. In the living room is a modern 4 blade ceiling fan with LED light and remote with two added to bedrooms. Moving to the dining and kitchen area you will see Mahogany-stained hard wood cabinets, with soft close doors, glass panel insert with inside cabinet light, LED under/upper mount lights hardwired to the wall switch. New granite counter tops with matching 6 inch backsplash and new stainless-steel sink. Upgraded stainless steel appliances with Bosch dishwasher, new microwave, garbage disposal, GE Stove and refrigerator. The privately situated primary bedroom has a walk-in closet and ensuite, custom walk-in ADA shower upgraded panel system in a subway tile design. Vanity has Granite countertop, Moen single handle faucet and 3 Globe LED wall mounted lights. Bathroom #2 has a custom West Shore shower with same built-in shower features as primary. Both bathrooms have new American Standard Smooth Side toilet, chair height, quiet close lid, Frameless 24x36 LED backlit "Stepless dimmable" wall mirror and 100% Oxford Nylon weighted bottom custom length shower curtains that are hung on a Trax ceiling track for a noticeable upscale touch and function. Bedrooms and living spaces have new curtain hardware, curtains which are thermal lined with grommets, or sheers and Levelor blinds. Home has a Simply Safe home alarm system. In the garage you will find a custom made AC Handler/Hot Water heater closet with cube organizer shelf. No more laundromat visits to clean king comforters with 2024 New LG Washer 5.5 Cu Ft high efficiency top load with Easy Load LG 7.3 Cu Ft. electric dryer with Easy Load door. There is a new 'laundry station' with black colored mop sink and a custom fold down table over mop sink, wall storage and wire shelf. Brand new Lift Master, belt driven garage door opener with battery backup, LED light, camera, MY Q App and outside keypad. Freshly painted garage floor in grey color, as well as freshly painted entrance and driveway all with Sherwin William anti slip paint. Freshly landscaped to include 7000 lbs. of landscape rock with flexible metal black border runs completely around the home. New Hunter 4 zone irrigation and timer, back flow preventer, with rain sensor and a one-year warranty. This beautiful upgraded home has a large backyard with room for a pool, it is minutes away from 1-75, close to shopping, restaurants and healthcare.
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Location
Property Details
Parking
- Description: Garage
- Details: 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: 7
- # of Stories: 1
Exterior Features
- Exterior Walls Materials: Stucco
- Foundation: Slab
- Roof Type: Hip
- Roof Material: Shingle
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 8010100508
- Lot Size: 10000 sqft
Property Information
- Property Type: Single Family Residence
- Style: Florida
- Year Built: 2020
Tax Information
- Annual Tax: $3,664
Utilities
- Water & Sewer: Public
- Heating: Central
- Cooling: Central Air
Location
- County: Marion
Listing Details
Investment Summary
- Monthly Cash Flow
- -$267
- Cap Rate
- 4.8%
- Cash-on-Cash Return
- -5.9%
- Debt Coverage Ratio
- 0.78
- Internal Rate of Return (5 years)
- -1.7%
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:
| $235,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$188,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $47,000 |
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:
| $7,050 |
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:
| $54,050 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 1,369 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $172 |
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:
| $1.31 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $188,000 |
|---|---|
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:
| $1,204 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $305 |
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:
| $126 |
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:
| $1,635 |
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:
| $1,800 | $21,600 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$108 | -$1,296 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $1,692 | $20,304 |
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. | 17% | -$305 | -$3,664 |
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% | -$126 | -$1,512 |
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% | -$144 | -$1,728 |
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% | -$90 | -$1,080 |
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% | -$90 | -$1,080 |
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 | 42% | -$755 | -$9,064 |
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:
| $937 | $11,244 |
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. | -$1,204 | -$14,448 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | -$267 | -$3,204 |