$624,999
Investment Summary
- Monthly Cash Flow
- -$1,512
- Cap Rate
- 3.2%
- Cash-on-Cash Return
- -12.6%
- Debt Coverage Ratio
- 0.53
- Internal Rate of Return (5 years)
- -8.2%
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 ROOF COMING SOON!! RARE OPPORTUNITY! ONE+ ACRE PROPERTY with TWO BLOCK and STUCCO HOMES, swimming POOL, 30’x50’ METAL WORKSHOP/GARAGE (2023), and an under-air SHED located in Fox Hollow II! NO HOA! JUST MINUTES from The Villages and 466A, 301, and 466 with abundant shopping, restaurants , medical, and more! This beautiful property is perfect for multigenerational living, income potential, or simply enjoying extra space and freedom. The FENCED YARD has a GATED ENTRANCE for privacy and security. The 2,072sf MAIN RESIDENCE boasts 3-bedrooms and 2-baths. The KITCHEN features staggered CHERRY cabinetry, GRANITE countertops with pull-outs, diagonally TILED backsplash, STAINLESS appliances, GAS cooking, built-in PANTRY, EAT-IN counter, TILE floors, and an adjacent DINETTE. An OPEN-CONCEPT living and dining area offers VAULTED CEILINGS, TILE flooring, and built-in entertainment center with bookcases and a GAS FIREPLACE. Sliding glass doors lead into the FABULOUS lanai and POOL area—the perfect place for entertaining! From the lanai, step outside to the above-ground POOL with CUSTOM DECK and grilling patio. Recent updates: HVAC (2022), Pool pump & filter (2024), Pool liner (2025). The primary bedroom features LAMINATE floors, TRAY ceiling, and DOUBLE WALK-IN closets. Its en-suite bathroom offers TWO CHERRY vanities with GRANITE tops, TILED ROMAN-STYLE shower, separate water closet, and a LINEN closet. Two additional bedrooms and a second bath, hidden behind a POCKET DOOR, ensure plenty of PRIVACY for guests or a quiet home office. Bedrooms two and three both offer LAMINATE floors, VAULTED ceilings, and built-in closets. The second bathroom features a CHERRY vanity with GRANITE top and a TILED tub/shower combination. The INTERIOR LAUNDRY ROOM boasts cabinetry, shelving, and UTILITY sink. It leads to the 644sf GARAGE with attic access stairs, shelving, and an additional refrigerator. The 820sf SECOND HOME is ideal for guests or rental income. It features 2-bedrooms and 2-baths, PRIVATE ENTRANCE, and a wonderful 18’x11’ SCREENED FRONT PORCH! VAULTED ceilings and LVP flooring grace the main living area. The MODERN kitchen boasts WHITE cabinetry, GRANITE tops, TILED backsplash, STAINLESS appliances, and an ISLAND with EAT-IN counter. Both bedrooms feature TRAY ceilings and LVP flooring. The primary bathroom has WHITE cabinetry with GRANITE top and a TILED ROMAN-STYLE shower. The second bathroom offers a vanity with GRANITE top and a TILED tub/shower combination. A French door from the kitchen leads to a rear patio and entrance to the 130sf INTERIOR LAUNDRY/STORAGE room. Bring your tools, toys, or business dreams—this property is equipped for all your storage and workspace needs with plenty of parking for RVs, boats, and trailers. RV 50-amp hookup. The 30'x50' METAL WORKSHOP (2023) with FOUR BAYS offers ABUNDANT SPACE for mechanics and hobbyists. There’s also a detached SHED with electricity and A/C. All furniture in both homes is available, excluding dining table, chest in guest home, and items in closets. Stove and fireplace are propane, and the propane tank was recently filled. Whether you're looking for a multifamily setup, room for a home-based business, or simply a property with space, this rare find has it all! Please note: The back gate of the Duke Energy facility is visible from the property; it is not a main entrance, and CR128 experiences very light traffic.
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Location
Property Details
Parking
- Description: Driveway, Garage Door Opener, Oversized
- Details: Driveway, Garage Door Opener, Oversized, Attached
- Garage Spaces: 2
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 5
Bathroom Information
- # of Baths (Full): 4
- # of Baths (Total): 4.0
Interior Features
- # of Rooms: 12
- Fireplace: Yes
Exterior Features
- Foundation: Slab
- Roof Material: Shingle
- Pool: Yes
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential (Assumed)
Lot Information
- Parcel ID: D29EE026
- Lot Size: 43643 sqft
Property Information
- Property Type: Single Family Residence
- Year Built: 2008
Tax Information
- Annual Tax: $3,730
Utilities
- Water & Sewer: Private, Well
- Heating: Natural Gas
- Cooling: Central Air
Location
- County: Sumter
Listing Details
Investment Summary
- Monthly Cash Flow
- -$1,512
- Cap Rate
- 3.2%
- Cash-on-Cash Return
- -12.6%
- Debt Coverage Ratio
- 0.53
- Internal Rate of Return (5 years)
- -8.2%
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:
| $624,999 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$499,999 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $125,000 |
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:
| $18,750 |
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:
| $143,750 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 2,892 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $216 |
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:
| $1.00 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $499,999 |
|---|---|
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:
| $3,202 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $311 |
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:
| $203 |
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:
| $3,716 |
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:
| $2,900 | $34,800 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$174 | -$2,088 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $2,726 | $32,712 |
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% | -$311 | -$3,730 |
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% | -$203 | -$2,436 |
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% | -$232 | -$2,784 |
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% | -$145 | -$1,740 |
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% | -$145 | -$1,740 |
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 | 36% | -$1,036 | -$12,430 |
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:
| $1,690 | $20,280 |
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. | -$3,202 | -$38,424 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | -$1,512 | -$18,144 |