$6,500,000
Investment Summary
- Monthly Cash Flow
- -$33,301
- Cap Rate
- 0.0%
- Cash-on-Cash Return
- -26.7%
- Debt Coverage Ratio
- 0.00
- Internal Rate of Return (5 years)
- -21.8%
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
Magnificent 5 bedroom, 5 bath waterfront estate with over 5,300 sq.ft. in the historic neighborhood of Cape Haze offers mesmerizing panoramic views in every direction and superb boating access. Built in 2021 the home sits on maybe the most spectacular waterfront site in the area. The property is nearly a full acre and is surrounded by Pelican Bay and the Intracoastal Waterway with over 350 feet of seawall and excellent dockage. Less than a mile to the Gulf of Mexico and Charlotte Harbor, even bigger water is only minutes away. Drive down the long round-about driveway with stunning landscaping and towering mature trees, and gorgeous views of the bay and dockage before you park your car. Designed and built to highest coastal construction standards, the property is at home on the water. Heavy duty concrete piling and poured beam construction, impact storm windows and doors, metal roof and a 80KW Kohler generator with a 1,000 gallon propane tank. Entering the stunning home a grand 2 story great room with stunning beamed ceiling and a wall of 8 foot sliders and transom windows that brings the serene activity of the Intracoastal into the home. The large chef's kitchen has a giant island, Wolf range, custom wood cabinetry with endless storage. Just off the kitchen is an enormous laundry / pantry room with a folding island, large windows and tremendous cabinet space. Incredible outdoor living areas with a massive lanai with wood paneled ceiling off the main living room, terraces off of bedrooms and a giant patio around the stunning heated pool and spa, all affording spectacular water views. Gorgeous primary suite with a generous bedroom, large walk-in closet, and a comfortable sitting space for looking out bay windows at the waterway. The spa-like primary bath offers a large soaking tub, pebble tile flooring, expansive roman shower and dual vanities. The guest baths all have their own unique designs with custom tile work and wood cabinetry vanities. In addition to 5 bedrooms there's a large office/den that also affords incredible water views. Incredible nature and wildlife with multiple bird nests on the property, and dolphin and manatees frequently swimming around the shore. Prime boating location being at the southern end of Cape Haze, you're in world-class fishing waters of Charlotte Harbor or off shore waters of the Gulf of America in no time. Just minutes to historic Boca Grande, lots of shopping and fine dining, numerous private golf clubs, the Coral Creek Jetport, and miles of tranquil sandy beaches.
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Location
Property Details
Parking
- Description: Garage
- Details: Circular Driveway, Garage Door Opener, Golf Cart Garage, Garage, Attached
- Garage Spaces: 2
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 5
Bathroom Information
- # of Baths (Full): 5
- # of Baths (Total): 5.0
Interior Features
- # of Rooms: 12
- # of Stories: 2
Exterior Features
- Exterior Walls Materials: Stucco
- Foundation: Block, Slab
- Roof Material: Metal
- Pool: Yes
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 422002352010
- Lot Size: 42255 sqft
Property Information
- Property Type: Single Family Residence
- Style: Key West
- Year Built: 2021
Tax Information
- Annual Tax: $42,289
Utilities
- Water & Sewer: Public
- Heating: Central, Electric, Propane
- Cooling: Central Air
Location
- County: Charlotte
Listing Details
Investment Summary
- Monthly Cash Flow
- -$33,301
- Cap Rate
- 0.0%
- Cash-on-Cash Return
- -26.7%
- Debt Coverage Ratio
- 0.00
- Internal Rate of Return (5 years)
- -21.8%
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:
| $6,500,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$5,200,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $1,300,000 |
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:
| $195,000 |
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:
| $1,495,000 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 5,328 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $1,220 |
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:
| $0.96 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $5,200,000 |
|---|---|
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:
| 6.625% |
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:
| $33,296 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $3,524 |
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:
| $357 |
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:
| $37,177 |
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:
| $5,100 | $61,200 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$306 | -$3,672 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $4,794 | $57,528 |
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. | 69% | -$3,524 | -$42,290 |
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% | -$357 | -$4,284 |
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% | -$408 | -$4,896 |
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% | -$255 | -$3,060 |
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% | -$255 | -$3,060 |
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 | 94% | -$4,799 | -$57,590 |
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:
| -$5 | -$60 |
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. | -$33,296 | -$399,552 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $33,301 | $399,612 |