$1,399,950
Investment Summary
- Monthly Cash Flow
- -$3,585
- Cap Rate
- 3.2%
- Cash-on-Cash Return
- -13.4%
- Debt Coverage Ratio
- 0.51
- Internal Rate of Return (5 years)
- -8.9%
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
Offered for the first time on the re-sale market! This home is located on one of the very best streets in the Isles (just ask the friendly neighbors), on a short cul de sac with no traffic, yet is very close to the clubhouse. Inside you will discover great water views to enjoy from many rooms, as well as the gorgeous custom-designed salt-water pool and lanai oasis. Imagine sitting poolside with your morning coffee, overlooking the lake and the gorgeous colors of the morning sky and lush landscaping....and literally spending each day living like you are on vacation. This light-filled Pimento model will be the setting for your friends and family to gather and share in your great Florida lifestyle. They will love the inviting and open living, kitchen and dining areas and beautiful high ceilings. There are many upgrades found throughout the home, such as double tray ceilings, recessed LED lighting, crown molding and custom plantation shutters to enhance the windows. The kitchen island,10 feet wide, makes a great breakfast bar and gathering place for all of those people who insist on hanging out near the food! The primary suite is a retreat in itself, with plenty of room for a king bed and seating area, and offering views of the lake, two walk-closets, and adjoining bathroom offering separate dual vanities, large mirrors, walk-in shower with Euro-glass, soaking tub, and private toilet room. The split bedroom floor plan, including the flex/den gives everyone the privacy and space deserved. This home has been meticulously maintained and offers many great features "behind the scenes". There is an electric Storm Smart Screen protecting the covered lanai and sliding doors, ADT Home Security System, and Culligan whole house water filtration system. The laundry room deserves a mention also, because it is so large that it also acts as a walk-in pantry and coffee bar as well as access to the spacious three car garage. All of this, plus the privilege of belonging to the Isles of Collier Preserve. One of Naples' most desirable active resort lifestyle communities, the Isles has over 1,300 acres dedicated to natural habitat and preserve areas, connected by trails, bike paths, and waterways. Anchored by a beautiful clubhouse inspired by the charm of the historic Naples Hotel, you will enjoy the state-of-the-art fitness center, tennis courts, pickleball, bocce ball, a luxurious resort pool, lap pool, outdoor spa, and the popular private Overlook Bar and Grill Restaurant. All of this is just minutes from the downtown historic district and Fifth Avenue, where you can indulge in world-class dining, boutique shopping, and the breathtaking beaches of Naples. From the Isles back resident-only gate you can walk to the US Open Championship Pickleball courts and just a few minutes further will take you to Hamilton Harbor marina and boat launch to Naples Bay. It just doesn't get any better than this!
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Location
Property Details
Parking
- Description: Driveway Paved
- Details: Attached, Garage, Garage Door Opener
- Garage Spaces: 3
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 2
Bathroom Information
- # of Baths (Full): 2
- # of Baths (Partial): 1
- # of Baths (Total): 3.0
Interior Features
- # of Rooms: 7
- # of Stories: 1
Exterior Features
- Roof Material: Tile
- Pool: Yes
HOA
- Has HOA: Yes
- HOA Fee: $1,599/quarterly
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 52505032220
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: Ranch, One Story
- Year Built: 2015
Tax Information
- Annual Tax: $255
Utilities
- Water & Sewer: Public
- Heating: Central, Electric
- Cooling: Central Air, Ceiling Fan(s), Electric
Location
- County: Collier
Listing Details
Investment Summary
- Monthly Cash Flow
- -$3,585
- Cap Rate
- 3.2%
- Cash-on-Cash Return
- -13.4%
- Debt Coverage Ratio
- 0.51
- Internal Rate of Return (5 years)
- -8.9%
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:
| $1,399,950 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$1,119,960 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $279,990 |
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:
| $41,999 |
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:
| $321,989 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 2,358 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $594 |
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:
| $2.63 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $1,119,960 |
|---|---|
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:
| $7,309 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $21 |
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:
| $434 |
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:
| $7,764 |
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:
| $6,200 | $74,400 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$372 | -$4,464 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $5,828 | $69,936 |
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. | 0% | -$21 | -$256 |
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% | -$434 | -$5,208 |
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% | -$496 | -$5,952 |
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% | -$310 | -$3,720 |
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% | -$310 | -$3,720 |
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. | 9% | -$533 | -$6,396 |
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 | 34% | -$2,104 | -$25,252 |
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:
| $3,724 | $44,688 |
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. | -$7,309 | -$87,708 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $3,585 | $43,020 |