$1,699,000
Investment Summary
- Monthly Cash Flow
- -$7,211
- Cap Rate
- 1.1%
- Cash-on-Cash Return
- -22.1%
- Debt Coverage Ratio
- 0.17
- Internal Rate of Return (5 years)
- -17.4%
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
Embrace the boating lifestyle and enjoy premier waterfront living in the highly sought-after community of Antiqua. This gorgeous dock home sits on a large lot with unobstructed views of the St. Augustine Lighthouse, marsh, and a deep-water canal that leads directly to the intracoastal and to the downtown marina in just five minutes by boat. For the right price, the sellers are willing to include the boat in the sale. This is the last home on the street permitted to have a dock, which means there is no dock to the right of you, and you’ll enjoy unlimited access to the deepest water in the canal. The private dock is outfitted with underwater lighting, electrical, and water connections—ready for day and night boating adventures. From the moment you arrive, this home impresses with a paver driveway and a welcoming front porch. Inside, the home is thoughtfully designed with rich wood cabinetry, built-ins throughout and stylish updates that make every room feel inviting! The entry foyer sets the tone with elegance, and a practical drop zone is located right off the garage entrance. A guest bedroom and full bathroom downstairs add extra flexibility for hosting. The spacious family room centers around a custom-built entertainment system with an electric fireplace, offering a cozy space to relax and unwind. The kitchen is a showstopper—perfect for the home chef—with a large quartz island, upgraded vent hood, gas cooktop, wall oven, walk-in pantry, and an abundance of cabinetry for storage. There’s even a charming dining area set in front of the bay windows, offering picture-perfect views of the marsh while you dine. Open the triple sliding glass hideaway doors to create a seamless flow to the outdoor living area, where entertaining is effortless. The covered paver patio includes a fully equipped custom outdoor kitchen, a stunning natural stone fireplace, a center island, outdoor ceiling fan, mounted TV, and upgraded surround sound system—everything you need to enjoy the Florida lifestyle year-round. Upstairs, a surprise bonus family area adds another layer of comfort and charm, complete with custom wood beams, built-ins-ideal for entertaining. The primary suite is spacious and serene, offering custom closet organizers, a walk-out balcony with sweeping views of the landscape and a gorgeous ensuite. Start your mornings with a latte on the balcony, catching the sunrise, or unwind at the end of the day with peaceful sunset views. Two additional bedrooms share a large bathroom upstairs, and a spacious utility/laundry room with plenty of folding space adds to the home's functionality. The home is finished with stunning porcelain wood-like tile on level one and luxury vinyl plank flooring on level two, only one room with carpeting. Furniture and boat are both negotiable with the right offer! Antiqua offers residents access to a community pool, clubhouse, and kayak launch, and is just minutes from local restaurants, shopping and 1 mile to St. Augustine Beach! Here, you can fish from your dock, spot wildlife in your backyard, listen to concerts from the amphitheater without ever leaving your home, or drive your boat straight to historic downtown St. Augustine. This is waterfront living at its finest—full of nature, activity, and breathtaking views—all from the comfort of your own home.
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Location
Property Details
Parking
- Description: Garage
- Details: Driveway, On Street, Attached
- Garage Spaces: 2
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 4
Bathroom Information
- # of Baths (Full): 3
- # of Baths (Total): 3.0
Interior Features
- # of Rooms: 9
- # of Stories: 2
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Concrete
- Foundation: Slab
- Roof Type: Gable or Hip
- Roof Material: Shingle
HOA
- Has HOA: Yes
- Association: Florida Property Mgmt
- HOA Fee: $1,500/annually
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 1612520670
- Lot Size: 13068 sqft
Property Information
- Property Type: Single Family Residence
- Style: Mid-Century Modern
- Year Built: 2022
Tax Information
- Annual Tax: $14,541
Utilities
- Water & Sewer: Public
- Heating: Central, Electric
- Cooling: Central Air
Location
- County: St. Johns
Listing Details
Investment Summary
- Monthly Cash Flow
- -$7,211
- Cap Rate
- 1.1%
- Cash-on-Cash Return
- -22.1%
- Debt Coverage Ratio
- 0.17
- Internal Rate of Return (5 years)
- -17.4%
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:
| $1,699,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$1,359,200 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $339,800 |
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:
| $50,970 |
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:
| $390,770 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 2,665 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $638 |
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:
| $1.54 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $1,359,200 |
|---|---|
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:
| $8,703 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $1,212 |
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:
| $287 |
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:
| $10,202 |
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:
| $4,100 | $49,200 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$246 | -$2,952 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $3,854 | $46,248 |
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. | 30% | -$1,212 | -$14,541 |
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% | -$287 | -$3,444 |
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% | -$328 | -$3,936 |
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% | -$205 | -$2,460 |
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% | -$205 | -$2,460 |
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. | 3% | -$125 | -$1,500 |
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 | 58% | -$2,362 | -$28,341 |
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:
| $1,492 | $17,904 |
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. | -$8,703 | -$104,436 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $7,211 | $86,532 |