$2,600,000
Investment Summary
- Monthly Cash Flow
- -$10,815
- Cap Rate
- 1.2%
- Cash-on-Cash Return
- -21.7%
- Debt Coverage Ratio
- 0.19
- Internal Rate of Return (5 years)
- -17.0%
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
EXTREMELY RARE OPPORTUNITY to own a fully custom CONTEMPORARY DREAM ESTATE on 5 private “high and dry” acres in the heart of Seminole County, FL!!! Consisting of both a 4000 square foot executive style pool home and a 2200+ square foot detached multi vehicle garage/workshop, this HOMESTEAD PARADISE combines the comforts and style of MODERN LUXURY LIVING with all the freedom and outdoor space you need to enjoy the LIFESTYLE OF YOUR CHOOSING. Arrive at the property and pass through the paver front patio into a home full of warmth, modern elegance, and UPGRADES EVERYWHERE. Enter into an expansive OPEN CONCEPT great room featuring cathedral style 13+ foot high TRAY CEILINGS equipped with dedicated LED up-lighting and crown molding. Immediately to your left is a barn door bonus room that has been curated into a custom wet bar/entertainment room with built-in bottle storage and lounge tables. Multiple living areas are highlighted by natural stone accents and two propane fireplaces creating separate vignettes depending on your lounging and entertaining needs. The GOURMET KITCHEN is a chef's dream! Featuring an enormous eat-in island, upgraded appliances, farmhouse sink, propane cooktop with pot filler and custom hood, level 4+ granite counters, hardwood cabinets, additional dining area, and barn door pantry. The SPLIT BEDROOM LAYOUT provides enhanced privacy for the oversized owner's retreat. The master bedroom features tray ceilings, a private propane fireplace, French door lanai access, and a large walk-in closet fully equipped with built-in organizers and shelving. The master bath creates a SPA-LIKE EXPERIENCE with a massive tile shower with dual rainfall shower heads, Victoria and Albert claw foot bathtub, and oversized dual sink vanity with underlit LEDs. Additionally, the first floor contains two auxiliary bedrooms both with walk-in closets, one private full bath with pool access, a full guest bath, laundry room, and 3 car attached garage. The second floor completes the floorplan with a large loft area, additional full bathroom, a fourth bedroom, and a fully equipped theater room with built-in projector and "starlight" fiber optic lighting. Stepping through the pocket sliding doors onto the rear lanai you will experience a true POOLSIDE OASIS. The oversized lanai has ample space for both lounging and dining and features a massive outdoor kitchen with two hard lined propane grills and extended bar top dining space. The 39 foot long HEATED SALTWATER POOL is loaded with upgrades including: a NATURAL STONE WATERFALL, tanning ledge, built-in stone table, heated jacuzzi, propane firepit, and multi-color changing LED lighting. Beyond the pool are horse pastures and a covered feeding area. The property is zoned A-1 so bring your animals! The detached garage is massive and extremely versatile. The 2200 sq. foot space can accommodate vehicles of different sizes including cars, boats, RVs, tractors etc. Additional features of the garage include: 13-16 foot custom ceilings, a half bathroom, 50+ recessed can lights, a polished concrete floor, and an oversized rear paver patio. Conveniently located near ample shopping, dining and several major commutable highways, this property provides a rare blend of both daily modern comforts and expansive outdoor living and privacy. A true UNICORN on the market; this home is expected to sell fast! Secure your opportunity to live the DREAM FLORIDA LIFESTYLE and book your private showing TODAY!!
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Location
Property Details
Parking
- Description: Garage
- Details: Boat, Circular Driveway, Driveway, Garage Door Opener, Garage Faces Side, Golf Cart Garage, Guest, Oversized, RV Garage, RV Access/Parking, Garage, Workshop in Garage, Attached
- Garage Spaces: 10
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 4
Bathroom Information
- # of Baths (Full): 4
- # of Baths (Total): 5.0
Interior Features
- # of Rooms: 12
- # of Stories: 2
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Stucco
- Foundation: Slab
- Roof Type: IRR/Cathedral
- Roof Material: Shingle
- Pool: Yes
HOA
- Has HOA: Yes
- HOA Fee: $200/annually
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 2319293AB001B0000
- Lot Size: 218075 sqft
Property Information
- Property Type: Single Family Residence
- Style: Contemporary
- Year Built: 2015
Tax Information
- Annual Tax: $7,014
Utilities
- Water & Sewer: Private, Well
- Heating: Central, Electric
- Cooling: Central Air
Location
- County: Seminole
Listing Details
Investment Summary
- Monthly Cash Flow
- -$10,815
- Cap Rate
- 1.2%
- Cash-on-Cash Return
- -21.7%
- Debt Coverage Ratio
- 0.19
- Internal Rate of Return (5 years)
- -17.0%
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:
| $2,600,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$2,080,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $520,000 |
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:
| $78,000 |
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:
| $598,000 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 3,995 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $651 |
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:
| $1.13 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $2,080,000 |
|---|---|
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:
| $13,318 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $585 |
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:
| $315 |
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:
| $14,218 |
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:
| $4,500 | $54,000 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$270 | -$3,240 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $4,230 | $50,760 |
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. | 13% | -$585 | -$7,014 |
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% | -$315 | -$3,780 |
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% | -$360 | -$4,320 |
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% | -$225 | -$2,700 |
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% | -$225 | -$2,700 |
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. | 0% | -$17 | -$204 |
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% | -$1,727 | -$20,718 |
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:
| $2,503 | $30,036 |
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. | -$13,318 | -$159,816 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $10,815 | $129,780 |