$289,900
Investment Summary
- Monthly Cash Flow
- -$329
- 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
IS THIS A 5 BEDROOM HOME ON ALMOST AN ACRE WITH NO HOA AND UNDER 300K? A sprawling and beautifully crafted 1950s Home in Wildwood, Florida. A five-bedroom, two-bath home with a two-car garage brings you back to the simplicity and charm of the 1950s. Located on a large corner lot in a small, country town of Sumter County. This home is nestled in canopied, mature trees that provide shade and a sense of the good old days. The walkway leads you to the open front porch just right for sipping sweet tea, rocking chairs, and watching the neighborhood go by. Upon entering the open family room, you’ll find solid hardwood floors and high 9.5-foot tongue-and-groove ceilings that keep things open and bright. This space is roomy enough for the whole gang to gather, great for entertaining. The family room opens to the spacious dining room featuring a large window overlooking the backyard and built-in shelving and cabinetry, adding that practical touch of the era.This dining room is perfect for family meals or get togethers. A large library or potential bedroom just west of the family room has built-in cabinets and shelving flanking a window facing the front yard. The kitchen boasts lots of cabinets and counterspace, a walk-in pantry. From the sink, a window with a view of the backyard is perfect for the busy homemaker. There’s a conveniently located inside utility/mud room with outdoor access, and a large built-in shelving space. Plus a nearby wood-lined bedroom that could be anything you want it to be, right near a full bath with a shower. On the opposing side of the house are four bedrooms. Each room boasts hardwood floors and tongue-and-grooved ceilings. Each room is very spacious with walk-in closets. The primary bedroom boasts extra large windows where you can get lost in time looking out to the front and side yard. Directly outside of the primary bedroom is the large guest bath that has a double vanity and a shower. Outside, a full fence keeps the yard private and safe. There's a pole barn on a concrete pad with electric and water, great for tinkering and storage. There is plenty of room for gardening and playhouses. The roof’s only six years old, and solar panels help with the electric bill. On the west side of the home there is full RV hook ups. Wildwood’s a friendly little town, close to The Villages for shopping and fun. You’ve got lakes nearby, outdoor activities, and small shops and diners just down the road. This home is a real 1950s find—solid, warm, and welcoming, and ready for your family to call it home.
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Location
Property Details
Parking
- Description: Circular Driveway, In Garage
- Details: Boat, Circular Driveway, Driveway, Electric Vehicle Charging Station(s), Garage Door Opener, On Street, RV Access/Parking, Workshop in Garage, Attached
- Garage Spaces: 2
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 5
Bathroom Information
- # of Baths (Full): 2
- # of Baths (Total): 2.0
Interior Features
- # of Rooms: 11
- Basement Description: Crawl Space
Exterior Features
- Foundation: Concrete Perimeter, Pillar/Post/Pier
- Roof Material: Shingle
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential (Assumed)
Lot Information
- Parcel ID: G05087
- Lot Size: 32234 sqft
Property Information
- Property Type: Single Family Residence
- Year Built: 1957
Tax Information
- Annual Tax: $1,025
Utilities
- Water & Sewer: Public
- Heating: Central
- Cooling: Central Air
Location
- County: Sumter
Listing Details
Investment Summary
- Monthly Cash Flow
- -$329
- 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:
| $289,900 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$231,920 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $57,980 |
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:
| $8,697 |
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:
| $66,677 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 1,820 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $159 |
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:
| $0.99 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $231,920 |
|---|---|
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:
| $1,485 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $86 |
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:
| $1,697 |
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. | 5% | -$86 | -$1,026 |
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 | 30% | -$536 | -$6,426 |
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:
| $1,156 | $13,872 |
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. | -$1,485 | -$17,820 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $329 | $3,948 |