$2,275,000
Investment Summary
- Monthly Cash Flow
- -$11,307
- Cap Rate
- 0.2%
- Cash-on-Cash Return
- -25.9%
- Debt Coverage Ratio
- 0.03
- Internal Rate of Return (5 years)
- -21.0%
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
Located on the 13th hole with panoramic views of both the 12th and 13th fairways of the Hawkstone Country Club, this extraordinary residence offers a rare blend of timeless architecture, refined finishes, and thoughtfully curated spaces. A true showcase of design and craftsmanship, this five-bedroom home includes four full baths, three half baths, a dedicated study, a private in-law suite with a separate entrance, and stunning outdoor living areas. As you approach the home, a beautifully Belgard paved brick walkway leads to grand double French doors, framed by a striking Royal palm and a majestic Mexican fan palm—an elegant welcome that sets the tone for the luxury inside. The dramatic two-story great room features a beamed ceiling, shiplap walls, three sets of French doors, designer sconces, and a statement chandelier. The dining room is anchored by a French chandelier and adjoins a stylish bar area with a Viking wine cooler and a sink. The gourmet kitchen is a model of design and function, with floor-to-ceiling custom cabinetry and all Viking appliances, including a 48-inch gas range with six burners, griddle, and double ovens, a 60-inch built-in refrigerator/freezer, an additional oven, warming drawer, microwave drawer, and dishwasher. Two sinks, a pot filler, and twin chandeliers above the expansive island complete this refined this chef's dream. The private study features custom built-ins, French doors, and sweeping views of the golf course. The in-law suite includes a kitchenette, a beautifully finished bath, a spacious bedroom with a custom closet, and a laundry closet with a stackable washer/dryer and generous storage. Upstairs, the luxurious primary suite opens to a private balcony with exceptional views. The en-suite bath features Calacatta gold marble countertops, dual vanities, a large walk-in shower with floor to ceiling marble, three showerheads including a rain shower and a private water closet. It’s also plumbed for a freestanding tub and enhanced by elegant lighting.Three additional bedrooms include one en suite with designer tile and two that share a spacious Jack and Jill bath, each with a private vanity and walk-in closet. The upstairs club room overlooks the great room below and includes a wet bar with granite countertops, a Sub-Zero wine cooler, refrigerator drawers, beverage fridge, ice maker, and sink. French doors open to a second expansive balcony with more breathtaking views.The outdoor living area is extraordinary. Brick pavers frame both covered and open patio areas surrounding the saltwater pool. There’s also an outdoor fireplace, shower, and spiral staircase leading to the upper balcony. The summer kitchen features a large granite island, two beverage fridges, two refrigerator drawers, a Kalamazoo gourmet grill, Kalamazoo double gas burner, Big Green Egg grill, warming drawer, ice machine, and two TVs. The oversized three-car garage includes heavy-duty overhead steel storage. Additional features include rich dark-stained wood floors, 36-inch designer tile, extensive crown molding, and exquisite lighting fixtures throughout the home. Professionally landscaped grounds are accented by a brick paver driveway and walkways, Bahama and storm shutters, and dramatic exterior lighting. Exterior walls are built with 2 x 6 framing for better insulation, energy efficiency and stronger structure. Every detail has been thoughtfully considered to create a timeless, private retreat for both living and entertaining.
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Location
Property Details
Parking
- Description: Garage
- Details: Driveway, Garage Door Opener, Garage Faces Side, Parking Pad, Attached
- Garage Spaces: 3
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 5
Bathroom Information
- # of Baths (Full): 4
- # of Baths (Total): 7.0
Interior Features
- # of Rooms: 3
- # of Stories: 2
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Stucco
- Foundation: Slab
- Roof Type: Gable or Hip
- Roof Material: Shingle
- Pool: Yes
HOA
- Has HOA: Yes
- Association: Bobby Jo Blackwell-Haile Management
- HOA Fee: $287/monthly
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 06860301019
- Lot Size: 11326 sqft
Property Information
- Property Type: Single Family Residence
- Year Built: 2015
Tax Information
- Annual Tax: $25,514
Utilities
- Water & Sewer: Public
- Heating: Central
- Cooling: Central Air
Location
- County: Alachua
Listing Details
Investment Summary
- Monthly Cash Flow
- -$11,307
- Cap Rate
- 0.2%
- Cash-on-Cash Return
- -25.9%
- Debt Coverage Ratio
- 0.03
- Internal Rate of Return (5 years)
- -21.0%
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:
| $2,275,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$1,820,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $455,000 |
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:
| $68,250 |
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:
| $523,250 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 5,106 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $446 |
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:
| $0.78 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $1,820,000 |
|---|---|
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:
| $11,654 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $2,126 |
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:
| $280 |
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:
| $14,060 |
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:
| $4,000 | $48,000 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$240 | -$2,880 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $3,760 | $45,120 |
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. | 53% | -$2,126 | -$25,515 |
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% | -$280 | -$3,360 |
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% | -$320 | -$3,840 |
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% | -$200 | -$2,400 |
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% | -$200 | -$2,400 |
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. | 7% | -$287 | -$3,444 |
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 | 85% | -$3,413 | -$40,959 |
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:
| $347 | $4,164 |
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. | -$11,654 | -$139,848 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $11,307 | $135,684 |