$1,200,000
Investment Summary
- Monthly Cash Flow
- -$4,120
- Cap Rate
- 2.1%
- Cash-on-Cash Return
- -17.9%
- Debt Coverage Ratio
- 0.34
- Internal Rate of Return (5 years)
- -13.3%
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
In the guard-gated Lake Forest community, one of Central Florida’s premier neighborhoods, this stunning Arthur Rutenberg custom-designed waterfront pool home blends elegance and comfort. Spanning 3,756 sf, this meticulously maintained residence boasts breathtaking long lake views, a sparkling screen-enclosed solar-heated pool, and a gas-heated spa. The open floor plan is ideal for entertaining and relaxation, featuring 5 spacious bedrooms, 3.5 luxurious bathrooms, a dedicated office, and a 3-car side-entry garage with a wide brick-paved driveway. Zoned for top-rated Seminole County schools, it offers easy access to I-4, 417, & the 429 Wekiva Parkway. The home’s curb appeal shines with lush manicured landscaping, a paver driveway, and a tiered water fountain leading to double glass-entry solid wood doors. Inside, elegant tile and wood flooring, crown molding, 5" baseboards, and volume ceilings create timeless sophistication. Features include a gas generator, updated water heater, a built-in workshop with cabinetry in the 3 car side entry garage. The gourmet kitchen is a highlight, with a large center island, solid surface countertops, stainless steel appliances (GE refrigerator, GE Profile double convection ovens, GE Profile cooktop, Bosch dishwasher), custom 42” cabinets, tile backsplash, under-counter lighting, walk in pantry with built-in shelving adjacent to the laundry room with custom cabinetry and a sink. The kitchen with eat in breakfast bar flows to the expansive family room and breakfast nook, sliding glass pocketing doors and a large window offering scenic pool and water views. The dining room, with crown molding, professionally designed window treatments, chandelier, and tile flooring, connects to a full wine bar with custom cabinetry, sink, wine refrigerator, and bar seating, opening to the living room and foyer. The primary suite is a private retreat with an expanded sitting area, tray ceilings, crown molding, recessed lighting, wood flooring, professionally designed window treatments, dual walk-in closets with built-ins, and lanai access. Its spa-inspired bathroom features a walk-in stall shower with dual shower heads, a jetted "Jacuzzi" tub, and custom cabinetry with his and her vanities. The second and third bedrooms both have wood flooring, built-in closets and share a Jack-and-Jill bath with a dual-sink custom vanity and tub shower. The fourth bedroom has wood flooring, a built-in closet and pool bath access. The fifth bedroom, a second primary suite, offers a private water view, two closets, built-in storage/seating, volume ceiling and lanai and pool bath access. The pool bath is conveniently located between the 4th and 5th bedrooms with shower and pool lanai access. A separate office includes a custom-built desk and bookcases. The formal living room’s double sided gas fireplace and glass sliding doors open to the expansive pool area with a summer kitchen, where tranquil lake views and stunning sunsets create an idyllic backdrop. The oversized covered porch with screened enclosure is perfect for entertaining. Lake Forest’s 10,000 sq. ft. clubhouse offers a state-of-the-art gym, Jr. Olympic-sized pool and spa, kiddie pool, playground, lighted tennis and pickleball courts, basketball court, and beach volleyball. The 55-acre private spring-fed lake includes a fishing pier and beach area. Combining style, functionality, and waterfront beauty, offering a rare opportunity to embrace the luxurious Lake Forest lifestyle.
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Location
Property Details
Parking
- Description: Garage Door Opener, Garage Faces Rear, Garage Faces Side, Oversized
- Details: Driveway, Garage Door Opener, Garage Faces Side, Oversized, Attached
- Garage Spaces: 3
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 5
Bathroom Information
- # of Baths (Full): 3
- # of Baths (Partial): 1
- # of Baths (Total): 4.0
Interior Features
- # of Rooms: 13
- # of Stories: 1
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Combination
- Foundation: Slab
- Roof Type: IRR/Cathedral
- Roof Material: Tile
- Pool: Yes
HOA
- Has HOA: Yes
- Association: Artemis Life Style Services
- HOA Fee: $2,800/annually
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 20193050800003130
- Lot Size: 20734 sqft
Property Information
- Property Type: Single Family Residence
- Style: Contemporary, Traditional
- Year Built: 2000
Tax Information
- Annual Tax: $7,896
Utilities
- Water & Sewer: Public
- Heating: Electric, Heat Pump, Zoned
- Cooling: Central Air, Zoned
Location
- County: Seminole
Listing Details
Investment Summary
- Monthly Cash Flow
- -$4,120
- Cap Rate
- 2.1%
- Cash-on-Cash Return
- -17.9%
- Debt Coverage Ratio
- 0.34
- Internal Rate of Return (5 years)
- -13.3%
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:
| $1,200,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$960,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $240,000 |
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:
| $36,000 |
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:
| $276,000 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 3,756 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $319 |
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:
| $1.17 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $960,000 |
|---|---|
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:
| 6.810% |
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:
| $6,265 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $658 |
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:
| $308 |
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:
| $7,231 |
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:
| $4,400 | $52,800 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$264 | -$3,168 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $4,136 | $49,632 |
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. | 15% | -$658 | -$7,896 |
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% | -$308 | -$3,696 |
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% | -$352 | -$4,224 |
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% | -$220 | -$2,640 |
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% | -$220 | -$2,640 |
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. | 5% | -$233 | -$2,796 |
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 | 45% | -$1,991 | -$23,892 |
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:
| $2,145 | $25,740 |
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. | -$6,265 | -$75,180 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $4,120 | $49,440 |