$3,999,000
Investment Summary
- Monthly Cash Flow
- -$17,122
- Cap Rate
- 1.0%
- Cash-on-Cash Return
- -22.3%
- Debt Coverage Ratio
- 0.16
- Internal Rate of Return (5 years)
- -17.6%
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
Transferrable House Membership included and Quail West’s new Resident Golf Member-in-Waiting Membership category is available and waitlist is short. Experience unmatched luxury living in this estate home built by McGarvey Custom Homes in 2013, nestled within the prestigious enclave of Quail West. Occupying a expansive 0.82-acre lot on a quiet street, this residence offers captivating water views and spans 4,758 square feet of living space on a single level. This spacious home includes 5 bedrooms with walk-in closets and 5 en-suite bathrooms, a study, nearly 850 square feet of outdoor covered lanai living space, air-conditioned garage parking for 4 cars and a fabulous custom pool and spa. The gourmet kitchen is open to the indoor and outdoor living areas and features a Wolf gas cooktop, double wall ovens, Sub-Zero refrigerator, a pantry, an island with a prep sink, a large bar for ample seating. The adjacent butler’s pantry offers a wine cooler, beverage fridge, ice maker and prep sink. Designed for year-round enjoyment, the expansive covered lanai features an outdoor gas fireplace, a beautifully crafted ceiling, a top-tier full outdoor kitchen with a 36” Wolf grill, Sub-Zero fridge, prep sink and bar for your guests. Motorized screens and shutters around the lanai provide protection from the elements, while the heated pool and spa provide the perfect space for relaxation and southern exposure sun-soaked lounging. The spacious primary suite offers a sitting area with a bay window, a tray ceiling, 2 custom walk-in closets and a spa-inspired bath. One of the 5 bedroom suites is a separate casita ideal for guests, accessed through the lanai and featuring lake views, a wet-bar, fridge and spacious bathroom with dual sinks. Highlights include soaring ceiling heights of 12’9 to 14’9 feet, floor-to-ceiling living room windows with pool and water views, a zero-corner pocket slider in the family room for seamless indoor-outdoor living, impact glass windows and doors throughout and a whole house generator. Other features include extensive crown molding, custom ceiling details, solid 8’ tall doors, in-ceiling speakers and wood planation shutters. Quail West offers a captivating lifestyle in an exquisite community with 36-holes of pristine Arthur Hills-designed championship golf, a 100,000 SF grand clubhouse that’s the hub of social activities with multiple dining options, an indoor lagoon-style Junior Olympic-sized pool and a rejuvenating full-service spa. The sports center area offers 8 clay hydro tennis courts, 4 pickleball courts, 4 bocce courts and a 2-story fitness & wellness building.
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Location
Property Details
Parking
- Details: Garage Door Opener, Attached
- Garage Spaces: 4
- Spaces Total: 4
Bedroom Information
- # of Bedrooms: 5
Bathroom Information
- # of Baths (Full): 5
- # of Baths (Total): 6.0
Interior Features
- # of Stories: 1
- Fireplace: Yes
Exterior Features
- Roof Material: Tile
- Pool: Yes
HOA
- Has HOA: Yes
- HOA Fee: $2,608/quarterly
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 68986056563
- Lot Size: 35719 sqft
Property Information
- Property Type: Single Family Residence
- Style: Ranch, Single Family
- Year Built: 2013
Tax Information
- Annual Tax: $24,568
Utilities
- Heating: Central, Electric, Zoned
- Cooling: Ceiling Fan(s), Zoned
Location
- County: Collier
Listing Details
Investment Summary
- Monthly Cash Flow
- -$17,122
- Cap Rate
- 1.0%
- Cash-on-Cash Return
- -22.3%
- Debt Coverage Ratio
- 0.16
- Internal Rate of Return (5 years)
- -17.6%
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:
| $3,999,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$3,199,200 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $799,800 |
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:
| $119,970 |
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:
| $919,770 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 4,758 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $840 |
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:
| $1.91 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $3,199,200 |
|---|---|
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:
| $20,485 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $2,047 |
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:
| $637 |
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:
| $23,169 |
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:
| $9,100 | $109,200 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$546 | -$6,552 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $8,554 | $102,648 |
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. | 22% | -$2,047 | -$24,568 |
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% | -$637 | -$7,644 |
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% | -$728 | -$8,736 |
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% | -$455 | -$5,460 |
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% | -$455 | -$5,460 |
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. | 10% | -$869 | -$10,428 |
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 | 57% | -$5,191 | -$62,296 |
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:
| $3,363 | $40,356 |
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. | -$20,485 | -$245,820 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | -$17,122 | -$205,464 |