$1,999,000
Investment Summary
- Monthly Cash Flow
- -$5,757
- Cap Rate
- 2.7%
- Cash-on-Cash Return
- -15.0%
- Debt Coverage Ratio
- 0.44
- Internal Rate of Return (5 years)
- -10.5%
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
Welcome to "The Dominion" of Lakewood Ranch Country Club. The Dominion is one of the most exclusive and desirable neighborhoods behind the gates of Lakewood Ranch Country Club. This custom Arthur Rutenberg masterpiece – The St. Vincent II model – offers the best in Florida luxury living. Perfectly situated on a premier homesite with breathtaking views of the golf course and glistening lakes, this "like new" 5 bedroom, 4 full bath, 2 office, is move in ready and even has a spacious upstairs bonus room, private guest suite, and covered balcony that overlooks the golf course and pool. This home provides the ideal blend of space, elegance, and function. The thoughtfully designed floor plan includes a newly updated chef’s kitchen with solid Wood Cabinetry & built-in pantry, Quartz counters, high-end appliances, and an open layout with beautiful outdoor views that flow through the Gathering Room—allowing for perfect entertaining and everyday living. Architectural details abound: the stately exterior beckons you inside to take in the intricate crown molding, high tray ceilings and built-in features. The executive office located in the front of the home is spacious with built-in work space, cabinetry and is full of natural light. The secondary office/flex room (with full closet) is located at the rear of the home overlooking the golf course, and sliding glass doors open onto the pool deck. High decorative ceilings throughout create a sense of timeless sophistication. The primary suite is conveniently located on the main floor in its own private wing. With high ceilings, access to the pool and lanai area, this suite will accommodate large estate furnishing in style. Dual walk-in closets, and a luxurious and recently updated bath with a large walk-in shower, garden tub, and private water closet with bidet, round out the primary suite. Step outside to your private saltwater pool and spa oasis, surrounded by lovely paving brick, and unwind under the covered lanai or in the cabana with a fully equipped modern summer kitchen—perfectly designed for year-round entertaining. The circular drive, side-entry garage, and dual 220V EV charging stations add modern convenience as well as curb appeal. RECENT UPDATES: travertine-style porcelain tile, luxury vinyl plank flooring, new countertops throughout (except office), newer appliances including dishwasher, refrigerator, oven, cooktop, and dual-function microwave, front loading washer and dryer, All 3 AC units replaced with high-efficiency filter systems, and a 24KW natural gas Generac Whole House Generator will keep everything running during power outages, updated security system, recently refinished wood ceilings and freshly painted cabinetry (excluding office), along with an upgraded outdoor grill and hood. Enjoy resort-style living with an optional membership to The Lakewood Ranch Country Club—offering 4 championship golf courses, 3 luxurious clubhouses, 18 Har-Tru tennis courts, pickleball, state-of-the-art fitness and aquatic centers, walking trails, and many social events. With no waitlist and optional membership, the choice is yours. Situated near high-rated schools, premier medical facilities, parks, shopping, dining, and just minutes to Gulf Coast beaches, this property represents not just a house but a lifestyle of luxury. Live the dream—schedule your private showing today! **THIS PROPERTY QUALIFIES FOR A 1% LENDER INCENTIVE IF USING PREFERRED LENDER. INQUIRE FOR MORE DETAILS.**
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Location
Property Details
Parking
- Description: Circular Driveway, Driveway, Garage Door Opener
- Details: Circular Driveway, Driveway, Electric Vehicle Charging Station(s), Garage Door Opener, Garage Faces Side, Off Street, Attached
- Garage Spaces: 3
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 5
Bathroom Information
- # of Baths (Full): 4
- # of Baths (Total): 4.0
Interior Features
- # of Rooms: 15
- # of Stories: 1
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Stucco
- Foundation: Slab
- Roof Type: Gable or Hip
- Roof Material: Tile
- Pool: Yes
HOA
- Has HOA: Yes
- Association: Christine Wofford
- HOA Fee: $150/annually
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 5885.29359
- Lot Size: 13024 sqft
Property Information
- Property Type: Single Family Residence
- Style: Florida
- Year Built: 2006
Tax Information
- Annual Tax: $13,115
Utilities
- Water & Sewer: Public
- Heating: Central, Electric, Heat Pump, Natural Gas
- Cooling: Central Air, Zoned
Location
- County: Manatee
Listing Details
Investment Summary
- Monthly Cash Flow
- -$5,757
- Cap Rate
- 2.7%
- Cash-on-Cash Return
- -15.0%
- Debt Coverage Ratio
- 0.44
- Internal Rate of Return (5 years)
- -10.5%
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:
| $1,999,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$1,599,200 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $399,800 |
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:
| $59,970 |
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:
| $459,770 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 4,193 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $477 |
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:
| $1.93 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $1,599,200 |
|---|---|
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:
| $10,240 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $1,093 |
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:
| $567 |
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:
| $11,900 |
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:
| $8,100 | $97,200 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$486 | -$5,832 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $7,614 | $91,368 |
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% | -$1,093 | -$13,115 |
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% | -$567 | -$6,804 |
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% | -$648 | -$7,776 |
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% | -$405 | -$4,860 |
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% | -$405 | -$4,860 |
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% | -$13 | -$156 |
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 | 39% | -$3,131 | -$37,571 |
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:
| $4,483 | $53,796 |
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. | -$10,240 | -$122,880 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $5,757 | $69,084 |