$755,000
Investment Summary
- Monthly Cash Flow
- -$1,881
- Cap Rate
- 3.2%
- Cash-on-Cash Return
- -13.0%
- Debt Coverage Ratio
- 0.51
- Internal Rate of Return (5 years)
- -8.6%
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
Welcome to this exceptional residence in the highly sought after golf course community of Timacuan, where elegance, comfort, and Florida living come together seamlessly. Perfectly positioned between Lake Natasha and Lake Alinole, this home is nestled on one of the most desirable lots in the neighborhood offering tranquil water views from nearly every room. This beautifully designed 3 bedroom, 3.5 bath home with a dedicated office follows a smart three way split floor plan that provides both privacy and functionality. From the moment you arrive, you'll notice the metal barrel tile roof, known for its durability and lifetime guarantee. The HVAC sys was replaced 2022. The curb appeal continues with an extended tri color brick driveway leading to the backyard, where it becomes a sundeck that wraps around the show stopping 30’ x 15’ concrete pool. This outdoor oasis features a charming water fountain, two planters, and generous lounging space ideal for quiet relaxation or lively entertaining. Step inside through stunning leaded glass double doors and be immediately greeted by a spectacular view of Lake Natasha and the pool. The soaring 11+ ft ceilings and abundant natural light add to the home’s grand yet welcoming atmosphere. The 25’ x 18’ master suite is a true retreat, featuring a tray ceiling, a peaceful sitting area, and large windows that capture the lake’s serene beauty. The en-suite bathroom is a luxurious five piece escape spacious and refined, it’s designed to pamper. The recently remodeled chef’s kitchen is both elegant and functional, featuring white quartz countertops with a waterfall edge, frosted glass upper cabinets, and a custom pantry door with frosted glass. Thoughtfully selected backsplash tile and hardware complete this sophisticated design. The adjacent family room centers around a wood-burning fireplace, flanked by a custom built media center and lit display shelves, all anchored by a large, elegant mirror. Throughout the home, you’ll find decorative niches, custom finishes, and architectural touches that elevate the space. For added privacy, a built in pocket door creates a separate wing for the third bedroom and its accompanying full bath perfect for guests or multi generational living. Additional features include: Hurricane rated shutters to withstand winds up to 140 MPH. Mature fruit trees in the beautifully landscaped yard. Find Publix at the entrace to the community. Convenient proximity to Orlando Health Hospital, I-4, and over 10 medical offices just outside the community Located minutes from shopping, dining, and top rated schools. This home is the perfect blend of luxury, comfort, and practicality whether you're raising a family, retiring in style, or love to entertain, this Timacuan gem delivers on every front. From peaceful lakefront mornings to unforgettable poolside evenings, this is Florida living at its finest. Many people are drawn to evening walks or bike rides through this golf course community because of the peaceful, resort like atmosphere it offers. Residents often enjoy the calming sight of the sun setting over the lakes throughout the community. this Golf course community is a bird lover’s paradise, with native species like herons, egrets, sandhill cranes, and cardinals frequently spotted near the lakes or in the trees lining the paths. Whether you're on foot or bike, the well maintained paths and gently winding roads create a perfect setting to unwind after a busy day.
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Location
Property Details
Parking
- Description: Garage
- Details: Driveway, Garage Door Opener, Oversized, Attached
- Garage Spaces: 2
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 3
Bathroom Information
- # of Baths (Full): 3
- # of Baths (Total): 4.0
Interior Features
- # of Rooms: 11
- # of Stories: 1
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Stucco
- Foundation: Block
- Roof Type: IRR/Cathedral
- Roof Material: Metal
- Pool: Yes
HOA
- Has HOA: Yes
- Association: Anita Roberts
- HOA Fee: $134/monthly
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 08203050700000960
- Lot Size: 13358 sqft
Property Information
- Property Type: Single Family Residence
- Style: Contemporary
- Year Built: 1996
Tax Information
- Annual Tax: $3,543
Utilities
- Water & Sewer: Public
- Heating: Central, Electric
- Cooling: Central Air
Location
- County: Seminole
Listing Details
Investment Summary
- Monthly Cash Flow
- -$1,881
- Cap Rate
- 3.2%
- Cash-on-Cash Return
- -13.0%
- Debt Coverage Ratio
- 0.51
- Internal Rate of Return (5 years)
- -8.6%
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:
| $755,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$604,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $151,000 |
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:
| $22,650 |
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:
| $173,650 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 2,589 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $292 |
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:
| $1.35 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $604,000 |
|---|---|
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:
| $3,867 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $295 |
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:
| $245 |
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:
| $4,407 |
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:
| $3,500 | $42,000 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$210 | -$2,520 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $3,290 | $39,480 |
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. | 8% | -$295 | -$3,543 |
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% | -$245 | -$2,940 |
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% | -$280 | -$3,360 |
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% | -$175 | -$2,100 |
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% | -$175 | -$2,100 |
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. | 4% | -$134 | -$1,608 |
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 | 37% | -$1,304 | -$15,651 |
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:
| $1,986 | $23,832 |
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. | -$3,867 | -$46,404 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | -$1,881 | -$22,572 |