$759,000
Investment Summary
- Monthly Cash Flow
- -$1,773
- Cap Rate
- 3.5%
- Cash-on-Cash Return
- -12.2%
- Debt Coverage Ratio
- 0.55
- Internal Rate of Return (5 years)
- -7.8%
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
PGI WATERFRONT HOME W/NEARLY INSTANT SAILBOAT ACCESS TO OPEN WATER!! **NEW ROOF & HIGH EFFICIENCY AC W/10 YEAR PARTS & LABOR WARRANTY, INSTALLED FEBRUARY 2025! **EXTERIOR OF HOUSE JUST PAINTED**Reach open water in mere minutes via Buckley’s Pass. HIGH & DRY ELEVATION has protected this home from any flooding! This spacious 3 bed/2.5 bath SAILBOAT WATERFRONT home is ideal for the avid boating enthusiast- located on a wide turning basin. Start experiencing some of the best boating in SW Florida in minutes from your backyard or enjoy the fantastic fishing accessible from your private dock, just steps from your back door. The seawall/canal dredging are maintained by the city! Inside the home boasts an open floor plan w/over 2,000 sq ft. of living space featuring a formal LR, DR, central kitchen w/adjacent breakfast nook & separate FR. The kitchen genuinely is the heart of this home – opening to the LR, DR, breakfast nook & FR – creating the ideal layout for entertaining. The kitchen has an extensive breakfast bar, ample cabinet & counter space & large pantry closet. Mitered window in the breakfast area offers unobstructed views of both the pool & waterway beyond; a perfect location to enjoy your morning coffee! Architectural details include soaring cathedral ceilings, NEW wood-look luxury vinyl plank flooring in the FR & all bedrooms, plus TONS OF NATURAL LIGHT thanks to expansive windows w/walls of sliding glass doors that open to the pool w/serene canal views. The FR has a built-in shelving system w/ample space for TV & your favorite ornamental items. The master suite presents a walk-out entry to the lanai, two oversized walk-in closets & large en-suite bath. The master bath features dual sinks, jetted corner tub, walk-in shower, linen closet & private WC. The split-bedroom layout offers privacy as it features the master BDRM on one side, with large guest rooms & shared guest bath on the opposite side of home. The interior laundry room has additional storage cabinets & doubles as a mudroom w/direct access to the garage/kitchen. The opened 8 ft. sliding glass doors in the master suite, LR & FR, extend your living space so you experience true Florida-style, indoor/outdoor living. Oversized, covered area of the lanai overlooks the in-ground pool (resurfaced in 2021) while the pool’s waterfall feature creates a tranquil atmosphere. Half bath on the lanai is perfect for pool goers, keeping the inside of your home dry while the outdoor lanai shower allows you to tidy up after a day spent on the boat. And, the lanai storage closet is ideal for tucking away pool/boat supplies. The SE rear exposure of the home offers magnificent sunrises behind the home. Other amenities include an attached two-car garage, hurricane protection & well-maintained tropical landscaping. TONS OF UPGRADES/UPDATES include NEW roof (2023,) NEW exterior house painting (2025), NEW water heater (2022), NEW window treatments (2024), NEW garage door opener (2024), NEW kitchen appliances – dishwasher (2024), refrigerator (2021), plus washer (2024) & dryer (2023). NEW faucets in bathrooms (2024), NEW guest bathtub (2024), NEW toilets (2024), NEW digital pool timer (2024), NEW LVP flooring (2024) & NEW no-see-um Super Screen (2023). NO HOA FEES! Direct flights into PG airport. Home is in MOVE-IN CONDITION w/so many updates & upgrades already done for you. Make an appointment today!
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Location
Property Details
Parking
- Description: Garage Door Opener
- Details: Garage Door Opener, Attached
- Garage Spaces: 2
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 3
Bathroom Information
- # of Baths (Full): 2
- # of Baths (Partial): 1
- # of Baths (Total): 3.0
Interior Features
- # of Rooms: 13
- # of Stories: 1
Exterior Features
- Exterior Walls Materials: Concrete Block
- Roof Material: Tile
- Pool: Yes
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 412224481017
- Lot Size: 9599 sqft
Property Information
- Property Type: Single Family Residence
- Style: Florida
- Year Built: 2001
Tax Information
- Annual Tax: $5,766
Utilities
- Water & Sewer: Public
- Heating: Central, Electric
- Cooling: Central Air
Location
- County: Charlotte
Listing Details
Investment Summary
- Monthly Cash Flow
- -$1,773
- Cap Rate
- 3.5%
- Cash-on-Cash Return
- -12.2%
- Debt Coverage Ratio
- 0.55
- Internal Rate of Return (5 years)
- -7.8%
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:
| $759,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$607,200 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $151,800 |
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:
| $22,770 |
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:
| $174,570 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 2,009 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $378 |
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:
| $1.94 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $607,200 |
|---|---|
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:
| 6.860% |
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:
| $3,983 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $481 |
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:
| $273 |
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:
| $4,737 |
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:
| $3,900 | $46,800 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$234 | -$2,808 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $3,666 | $43,992 |
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. | 12% | -$481 | -$5,766 |
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% | -$273 | -$3,276 |
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% | -$312 | -$3,744 |
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% | -$195 | -$2,340 |
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% | -$195 | -$2,340 |
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 | 37% | -$1,456 | -$17,466 |
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:
| $2,210 | $26,520 |
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. | -$3,983 | -$47,796 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $1,773 | $21,276 |