$678,000
Investment Summary
- Monthly Cash Flow
- -$1,164
- Cap Rate
- 4.1%
- Cash-on-Cash Return
- -9.0%
- Debt Coverage Ratio
- 0.66
- Internal Rate of Return (5 years)
- -4.7%
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 Incredible Pool Home with a fantastic Backyard Green space. This Home is nestled in the heart of Dr. Phillips and is a true hidden gem in Orange Tree Country Club, a gated community admired for its fantastic location. The community is Home to the Orange Tree Golf Club, a hidden gem known for having excellent greens and features what many consider the best three finishing holes in all of Florida, "The Loop." Dr. Phillips Community features a rich history, from Citrus Groves to Restaurant Row, and it is only minutes away. 7621 Orange Tree Lane boasts over 2,200 square feet of living space across four resplendent bedrooms, an office, a living room, and a dining room. This property features an oversized backyard plus a private pool to enjoy and relax during these warm Florida days. As you drive up, you'll notice this Southern Gem. This two-story Home features New Orleans architecture with an upper balcony with wrought iron and French door access to enjoy your mornings with beignets and French coffee. Enjoy the circular drive away for those entertaining nights. The desired wide driveway leads to an oversized side gate to the 2.5-car garage. There is plenty of room for your guest parking. Once you enter the Home, you'll notice the inviting foyer to greet your guest. The entrance features updated wood plank tile flooring throughout the first floor. The living room is straight ahead with an alluring wood-burning fireplace, patio sliding doors, and beautiful views of the lanai, pool, and expansive yard beyond. The lanai pool area is spacious and screened. The pool has a newly installed saltwater system, and the solar aquatherm heating system (2020) has a 12-year warranty. Just resurfaced pool deck. Enjoy outdoor entertaining in mature, manicured landscaping that provides complete privacy while allowing full views of the incredible yard perfect for any festivity. New fenced-in backyard provides privacy. The Home features a private well for the irrigation system. As you walk back into the Home, you'll find a conveniently located pool bathroom off the lanai. Walking through the kitchen, you'll notice ample counter space and a service area for entertaining. Quickly up the staircase to find all the bedrooms and one jack and jill full bathroom, with hallway access for the third bedroom. The spacious primary suite is the perfect retreat, with its bountiful space and french doors to the upstairs outdoor patio. Relax in the primary ensuite with an inviting bath, shower, and privacy barn door to create the perfect retreat. Other notable features of this fantastic property are public water and public sewer. New garage door (2022), new electrical panel, roof replaced (2018), and AC (2017) with 10-year warranty on parts, All new Anderson Windows, french doors, and patio sliders (Lifetime transferable warranty for products and 20-year warranty on labor. Orange Tree Country Club is close to 'Restaurant Row,' state-of-the-art medical facilities, Universal Orlando Resorts, theme parks, and I-Drive attractions. Conveniently located with private access from the community to elementary, middle, and high school, all within walking distance or a bike ride away, or even a golf cart ride away. The YMCA, library, and shopping outlets are all minutes away. Home is the starting place of love, hope, and dreams. Schedule your private showing today.
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Location
Property Details
Parking
- Description: Circular Driveway, Driveway, Garage Door Opener, Garage Faces Rear, Golf Cart Parking, Guest, Other, Oversized
- Details: Circular Driveway, Driveway, Garage Door Opener, Garage Faces Rear, Guest, Other, Oversized, 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: 10
- # of Stories: 2
Exterior Features
- Exterior Walls Materials: Stucco
- Foundation: Slab
- Roof Type: Gable or Hip
- Roof Material: Shingle
HOA
- Has HOA: Yes
- Association: LIGHTHOUSE MANAGEMENT/ MICHAEL LEQVE
- HOA Fee: $700/annually
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 262328626400670
- Lot Size: 16337 sqft
Property Information
- Property Type: Single Family Residence
- Style: Other
- Year Built: 1977
Tax Information
- Annual Tax: $3,883
Utilities
- Water & Sewer: Public, Well
- Heating: Central, Electric
- Cooling: Central Air
Location
- County: Orange
Listing Details
Investment Summary
- Monthly Cash Flow
- -$1,164
- Cap Rate
- 4.1%
- Cash-on-Cash Return
- -9.0%
- Debt Coverage Ratio
- 0.66
- Internal Rate of Return (5 years)
- -4.7%
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:
| $678,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$542,400 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $135,600 |
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:
| $20,340 |
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:
| $155,940 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 2,289 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $296 |
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:
| $1.70 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $542,400 |
|---|---|
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:
| $3,473 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $324 |
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:
| $273 |
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:
| $4,070 |
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:
| $3,900 | $46,800 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$234 | -$2,808 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $3,666 | $43,992 |
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% | -$324 | -$3,884 |
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% | -$273 | -$3,276 |
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% | -$312 | -$3,744 |
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% | -$195 | -$2,340 |
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% | -$195 | -$2,340 |
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. | 1% | -$58 | -$696 |
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 | 35% | -$1,357 | -$16,280 |
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:
| $2,309 | $27,708 |
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. | -$3,473 | -$41,676 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | -$1,164 | -$13,968 |