$549,000
Investment Summary
- Monthly Cash Flow
- -$627
- Cap Rate
- 4.8%
- Cash-on-Cash Return
- -6.0%
- Debt Coverage Ratio
- 0.78
- Internal Rate of Return (5 years)
- -1.8%
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
Discover refined Florida living in this beautifully crafted custom home, ideally situated on a spacious corner lot within the peaceful, gated Lakes of Lady Lake Golf Course Community. Just minutes from shopping, dining, and recreation, this quiet neighborhood offers the perfect blend of tranquility and convenience, with golf cart access throughout. Step into a light-filled, open-concept layout designed with both comfort and entertaining in mind. This split-floorplan home features vaulted and tray ceilings, designer porcelain tile throughout, and high-end finishes that make daily living easy and elegant. The gourmet eat-in kitchen is truly the heart of the home, boasting: • A dramatic vaulted ceiling with skylight • 42” glazed solid wood soft-close cabinets with crown molding • A massive island with ample storage • Granite countertops • Stylish tiled backsplash • Stainless steel appliances including a wall oven, microwave, French door refrigerator, and a drop-down hood with an oversized ceramic cooktop • A large walk-in pantry and two cabinet pantries • Open breakfast bar and all-new lighting From the kitchen, 8-foot French doors open to a covered, screened patio with a ceiling fan and lighting—ideal for relaxed outdoor dining or grilling with family and friends. The expansive living room features custom tray ceilings, abundant natural light, and direct access to the patio overlooking beautifully landscaped grounds and the 7th hole of the golf course. The open dining area with soaring ceilings and a classic chandelier offers a perfect space for gatherings. The private primary suite includes: • Plantation shutters and private patio access • Tray ceiling with ambient lighting and a decorator fan • Dual walk-in closets with custom wood shelving • A luxurious en-suite bath with quartz vanities, double sinks, a walk-in quartz shower, and a separate water closet with toilet and bidet Guests will feel right at home with two generously sized bedrooms connected by a Jack-and-Jill bath featuring quartz finishes, double sinks, and a full tub/shower with quartz walls. Other highlights include: • Central vacuum system • All 8-foot solid wood pocket doors throughout • LED recessed lighting • Updated half bath for guests • Dedicated laundry room with high-capacity washer/dryer and additional refrigerator • Oversized 3+ car garage with epoxy flooring, custom shelving, attic storage with insulation, and 50-amp outlet • Circular drive and additional parking pad The exterior showcases new lighting, fresh paint, a stacked stone and Hardie board façade, and a complete irrigation system. The nearly half-acre pie-shaped lot offers privacy, curb appeal, and room to enjoy the outdoors, all nestled within a well-maintained golf community where golf carts are welcome. This is a low-maintenance, high-quality home designed for easy living and entertaining. Come see the lifestyle waiting for you at The Lakes of Lady Lake.
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Location
Property Details
Parking
- Description: Garage
- Details: Garage Faces Side, Attached
- Garage Spaces: 3
- 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: 7
- # of Stories: 1
Exterior Features
- Exterior Walls Materials: Brick Veneer
- Foundation: Slab
- Roof Material: Shingle
HOA
- Has HOA: Yes
- Association: Curt Hathaway
- HOA Fee: $1,200/annually
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 051824200000C03300
- Lot Size: 20734 sqft
Property Information
- Property Type: Single Family Residence
- Style: Craftsman
- Year Built: 2019
Tax Information
- Annual Tax: $4,867
Utilities
- Water & Sewer: Public
- Heating: Heat Pump
- Cooling: Central Air
Location
- County: Lake
Listing Details
Investment Summary
- Monthly Cash Flow
- -$627
- Cap Rate
- 4.8%
- Cash-on-Cash Return
- -6.0%
- Debt Coverage Ratio
- 0.78
- Internal Rate of Return (5 years)
- -1.8%
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:
| $549,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$439,200 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $109,800 |
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:
| $16,470 |
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:
| $126,270 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 2,405 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $228 |
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:
| $1.62 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $439,200 |
|---|---|
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:
| 6.625% |
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:
| $2,812 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $406 |
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:
| $3,491 |
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. | 10% | -$406 | -$4,868 |
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. | 3% | -$100 | -$1,200 |
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 | 38% | -$1,481 | -$17,768 |
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:
| $2,185 | $26,220 |
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. | -$2,812 | -$33,744 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $627 | $7,524 |