$549,900
Investment Summary
- Monthly Cash Flow
- -$1,038
- Cap Rate
- 3.9%
- Cash-on-Cash Return
- -9.8%
- Debt Coverage Ratio
- 0.63
- Internal Rate of Return (5 years)
- -5.5%
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
FEEL LIKE YOU ARE ON VACATION EVERYDAY as you ENJOY SPECTACULAR WATERFRONT and POOL VIEWS in this ABSOLUTELY STUNNING, BEAUTIFULLY RENOVATED 3/2 +DEN, BLOCK and STUCCO HOME situated on an OVERSIZED one-third acre PRIVATE LOT in the Fairways of Rolling Hills community! NO BOND! ROOF and HVAC (2022) - JUST MINUTES to all of the CONVENIENCES of 466A, 466 and nightly entertainment, dining, and shopping of THE VILLAGES! Elegantly etched DOUBLE ENTRY DOORS welcome you into the foyer of this MAGNIFICENT home. From the moment you arrive, you’ll be CAPTIVATED by the BREATHTAKING WATERFRONT and POOL VIEWS! This INCREDIBLE OUTDOOR OASIS offers ABUNDANT PRIVACY with fencing along each side property line. The covered lanai features a lovely dining area and a GENEROUS sitting space with SLIDING PANELS. There’s also an above ground HOT TUB! - perfect for unwinding after a long day! If you’ve been dreaming of RESORT-STYLE LIVING AT HOME—THIS IS IT! Dive into the refreshing POOL, soak up the sun on the deck, lounge in the hammock with your favorite book, or simply sit and enjoy the SURROUNDING VIEWS and peaceful bird sanctuary! The interior of this EXQUISITE home features an EXPANSIVE OPEN LAYOUT with SOARING 15’ VAULTED ceilings in the main living area. GORGEOUS HICKORY FLOORING flows seamlessly THROUGHOUT enhancing the home’s beauty and style. The SPACIOUS living room features TRIPLE POCKET SLIDING GLASS DOORS that open to the FABULOUS POOL area and a CUSTOM-BUILT SHIPLAP entertainment wall enhanced with a cozy electric FIREPLACE and beautiful hickory mantel. A modern dining room with double windows, and striking chandelier provide a lovely space for entertaining. The EXCEPTIONAL kitchen boasts staggered cabinetry with CUSTOMIZED UP-LIT display boxes; MODERN VEINED QUARTZ countertops; TILE backsplashes; STAINLESS appliances; a SHIPLAP accent wall with CUSTOM WOOD SHELVES; above and under CABINET LIGHTING; COUNTER-HEIGHT, EAT-IN breakfast bar; closet PANTRY; and an ADDITIONAL PANTRY closet just off of the kitchen. The adjacent dinette nook area features a CUSTOM-BUILT u-shaped bench with STORAGE and three windows overlooking the PICTURESQUE WATER and POOL. RETREAT to the ELEGANT primary bedroom boasting HIGH VAULTED ceilings, GENEROUS WALK-IN closet, and CONVENIENT SLIDING DOORS leading to the pool and lanai area. Its LUXURIOUS en-suite bathroom boasts TWO striking vanities with oval mirrors and modern lighting; large soaking TUB with shiplap and TILE accents; TILED, WALK-IN, ROMAN-STYLE shower; SEPARATE water closet; and a LINEN closet. A SPLIT FLOOR PLAN, with two additional bedrooms and a second bathroom, ensures plenty of PRIVACY for guests. Near the front of the home, there's also an ADDITIONAL CUSTOMIZED DEN/OFFICE featuring a double desk, built-in drawers, filing cabinets, book shelves, and floating wall shelves. The centrally located, INTERIOR LAUNDRY room offers white shaker cabinetry for EXTRA STORAGE and a utility sink. The SIDE-ENTRY garage features STORAGE cabinets with a built-in WORKBENCH/tool area, attic access, and painted floor. TOO MANY UPGRADES TO MENTION!!! DON’T MISS YOUR OPPORTUNITY to make this EXCEPTIONAL WATERFRONT POOL HOME YOUR OWN! The Fairways of Rolling Hills is conveniently located JUST MINUTES from The Villages, 466A, 301, and 466 with an ABUNDANCE of shopping, restaurants, banks, medical and more! PLEASE WATCH OUR VIDEO of this EXQUISITE HOME and CALL TODAY to schedule your Private Showing or Virtual Tour!
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Location
Property Details
Parking
- Description: Driveway, Garage Door Opener, Garage Faces Side, Ground Level, Workshop in Garage
- Details: Driveway, Garage Door Opener, Garage Faces Side, Workshop in Garage, Attached
- Garage Spaces: 2
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 3
Bathroom Information
- # of Baths (Full): 2
- # of Baths (Total): 2.0
Interior Features
- # of Rooms: 13
- Fireplace: Yes
Exterior Features
- Foundation: Slab
- Roof Material: Shingle
- Pool: Yes
HOA
- Has HOA: Yes
- Association: Mike Rath/Sentry Management
- HOA Fee: $365/annually
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential (Assumed)
Lot Information
- Parcel ID: D28C121
- Lot Size: 14697 sqft
Property Information
- Property Type: Single Family Residence
- Year Built: 2005
Tax Information
- Annual Tax: $2,298
Utilities
- Water & Sewer: Public
- Heating: Electric
- Cooling: Central Air
Location
- County: Sumter
Listing Details
Investment Summary
- Monthly Cash Flow
- -$1,038
- Cap Rate
- 3.9%
- Cash-on-Cash Return
- -9.8%
- Debt Coverage Ratio
- 0.63
- Internal Rate of Return (5 years)
- -5.5%
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:
| $549,900 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$439,920 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $109,980 |
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:
| $16,497 |
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:
| $126,477 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 1,914 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $287 |
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:
| $1.52 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $439,920 |
|---|---|
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:
| $2,817 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $192 |
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:
| $3,212 |
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. | 7% | -$192 | -$2,298 |
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. | 1% | -$30 | -$360 |
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 | 33% | -$947 | -$11,358 |
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:
| $1,779 | $21,348 |
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. | -$2,817 | -$33,804 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | -$1,038 | -$12,456 |