$389,000
Investment Summary
- Monthly Cash Flow
- -$853
- Cap Rate
- 3.5%
- Cash-on-Cash Return
- -11.4%
- Debt Coverage Ratio
- 0.57
- Internal Rate of Return (5 years)
- -7.1%
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
From the moment you arrive, you’ll be captivated by manicured Florida foliage, vibrant flowers, and stately stone elevation that radiates charm and prestige. Nestled inside a gated community, this one-story gem with tranquil pond view blends comfort and style into one highly desired lifestyle. And the best part? Lawn care is included—so you can travel, take advantage of fun-filled neighborhood amenities, or simply relax at home. A stunning 8-foot front door with matching sidelites leads you into high and coffered ceilings, custom built-ins, and handsome barn doors throughout this wonderful home. Rich wood-look flooring flows through the living and bedroom spaces, while gorgeous wood-look planks carry the warmth into the kitchen, dinette, laundry, and baths (no carpet anywhere!). Recessed and classy ceiling-fan lighting add charm and ambiance to every room. For the cook who loves to entertain, the showstopper kitchen blends function and flair with ease. Designer 42-inch upper cabinets with crowns plus solid-surface countertops surround the kitchen. The chef-inspired design includes a double-oven range (with convection!), corner pantry, stainless-steel appliances, and a deep sink that overlooks the breakfast bar into the family room—perfect for catching TV shows while prepping culinary delights. Open the triple sliding glass doors and step into your serene sunroom with floor-to-ceiling windows. Take in the peaceful pond view and the soothing sound of the water fountain—a sanctuary for morning coffee and evening libations. From the sunroom, enter the primary bedroom with coffered ceiling and spa-like ensuite: unwind in a freestanding soaking tub, savor a separate tiled shower with rain head and window, appreciate the double-sink granite vanity, and relish your custom-designed walk-in closet with ample organization. Two more big bedrooms feature retractable ceiling fans with lights and share a comfy bathroom complete with solid-surface integrated vanity top and spacious shower with wall-width niche and rain head. The fourth multifunctional bedroom with coffered ceiling features built-in cabinetry on all of the ten-foot wall (wow!)—indulge in multiple hanging areas, adjustable shelves, and cubbies. This extraordinary home is as practical as it is beautiful: multiple smart locks and thermostat for convenience, high-quality faucets and door handles, luxury window and door shades, spacious laundry room with storage, solid shelving in all closets and pantry. Whole-house gutters: Check! Private mailbox: Check! Immaculately clean and ready to move in: Check! And it gets even better: 2021 roof; 2022 HVAC, appliances, bathroom upgrades, flooring, in- & outside painted; 2024 water heater. The oversized two-car garage sports a door keypad, epoxy-coated floor, natural light door windows, and built-in cabinets. Ride your golf cart or stroll to the vacation-style amenities that include a clubhouse with fitness equipment and full-kitchen event space, sparkling pool and spa, tennis/pickleball court, dog run, and fishing pier. Within a half-mile are restaurants, grocery and home stores, shopping centers. Take advantage of Lakeland's multiple golf courses, hiking/nature trails, lakes, and entertainment venues. Nestled between the Gulf and Atlantic beaches, plus near the world's most famous theme parks and international airports, you can live as active or relaxed as you desire. Where Florida charm meets modern comfort, this isn’t just a home—it’s a lifestyle.
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Location
Property Details
Parking
- Description: Driveway, Garage Door Opener, Guest
- Details: Driveway, Garage Door Opener, Oversized, Attached
- Garage Spaces: 2
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 4
Bathroom Information
- # of Baths (Full): 2
- # of Baths (Total): 2.0
Interior Features
- # of Rooms: 12
- # of Stories: 1
Exterior Features
- Exterior Walls Materials: Stucco
- Foundation: Slab
- Roof Type: Hip
- Roof Material: Shingle
- Pool Community: Yes
HOA
- Has HOA: Yes
- Association: Ravi Solanki, LCAM
- HOA Fee: $193/monthly
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 232924141891000380
- Lot Size: 7240 sqft
Property Information
- Property Type: Single Family Residence
- Style: Contemporary
- Year Built: 2002
Tax Information
- Annual Tax: $4,703
Utilities
- Water & Sewer: Public
- Heating: Central, Electric
- Cooling: Central Air
Location
- County: Polk
Listing Details
Investment Summary
- Monthly Cash Flow
- -$853
- Cap Rate
- 3.5%
- Cash-on-Cash Return
- -11.4%
- Debt Coverage Ratio
- 0.57
- Internal Rate of Return (5 years)
- -7.1%
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:
| $389,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$311,200 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $77,800 |
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:
| $11,670 |
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:
| $89,470 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 1,840 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $211 |
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:
| $1.36 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $311,200 |
|---|---|
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:
| $1,993 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $392 |
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:
| $175 |
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:
| $2,560 |
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:
| $2,500 | $30,000 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$150 | -$1,800 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $2,350 | $28,200 |
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. | 16% | -$392 | -$4,704 |
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% | -$175 | -$2,100 |
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% | -$200 | -$2,400 |
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% | -$125 | -$1,500 |
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% | -$125 | -$1,500 |
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. | 8% | -$193 | -$2,316 |
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 | 48% | -$1,210 | -$14,520 |
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:
| $1,140 | $13,680 |
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. | -$1,993 | -$23,916 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $853 | $10,236 |