$1,469,000
Investment Summary
- Monthly Cash Flow
- -$3,647
- Cap Rate
- 3.2%
- Cash-on-Cash Return
- -13.0%
- Debt Coverage Ratio
- 0.52
- Internal Rate of Return (5 years)
- -8.5%
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
Under contract-accepting backup offers. Exquisite Designer Renovation in Sarasota's Premier Location- Nestled in a private setting, this meticulously renovated home offers a rare blend of modern sophistication and luxurious comfort. Completely redesigned with every detail of this property reflecting exceptional craftsmanship and thoughtful planning. Upon entry, you're welcomed with new tile floors throughout, creating a seamless flow from room to room. The property boasts lush, professionally landscaped grounds, highlighted by new landscape lighting that enhances the beauty of the home at night. Key Features & Upgrades Include: Designer Kitchen: A true culinary haven, the kitchen features brand-new custom cabinetry, KitchenAid Matte White appliances with brass accents, and a 9' x 8' kitchen island with bookend matched exotic Blue Bahia Granite imported from Brazil—perfect for entertaining or family gatherings. Private Oasis Backyard: Enjoy complete privacy in the backyard, an ideal space for relaxation or entertaining. The expansive lanai includes an oversized lap pool with new tongue-and-groove ceilings for added luxury, while the meticulously maintained yard with private pond view is perfect for relaxing with a cup of coffee or a drink of wine at night spotting local wildlife, including many deer on a daily basis, eagles, and a variety of birds. Luxurious Primary Suite: The primary bath is a serene retreat with marble tile inserts in all the custom arches, a freestanding soaking tub, and a custom sliding door glass shower. Custom mahogany cabinets with brass fixtures add an extra layer of elegance, while custom built-in closets provide ample storage and organization. Impact Windows & Doors: Brand-new impact windows installed on the lower level and new impact French doors in the dining room and 4th bedroom/office offer both security and aesthetic appeal. Renovated Bathrooms: All bathrooms have been updated with luxury finishes, including designer tiles and fixtures, creating a spa-like experience in every space. Elegant Details: The home features new lighting and ceiling fans throughout, including two fire places and a striking 13’ coral rock fireplace in the great room, 8” baseboards throughout home for a modern look. Three courtyards for private relaxation. Custom 3-Car Garage: The garage is equipped with custom flooring, with Tesla EV charger, ideal for showcasing your vehicles, toys, or storage needs. Office/4th Bedroom: The 4th bedroom, currently used as an office, includes floor-to-ceiling built-in bookshelves, creating the unique gentlemen's office or a 4th bedroom. Bent Tree Woodlands II - This neighborhood is something special. Homes do not come up for sale that often. Mature trees and custom homes that are not cookie cutter like most neighborhoods in Sarasota with deer in the front and backyard on a daily basis. Why Sarasota? Sarasota offers a unique lifestyle of cultural richness and natural beauty. Enjoy the vibrant local art galleries, theaters, restaurants, and music venues, or spend your days exploring the spectacular beaches of Siesta Key and Lido Key—just a short drive away. Whether you're enjoying a sunset at St. Armand's Circle, dining at one of the city’s renowned restaurants, or simply relaxing on the beach, Sarasota combines luxury, relaxation, and culture for a truly exceptional lifestyle.
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Location
Property Details
Parking
- Description: Garage
- Details: Attached
- Garage Spaces: 3
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 4
Bathroom Information
- # of Baths (Full): 4
- # of Baths (Total): 4.0
Interior Features
- # of Rooms: 5
- # of Stories: 1
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Wood Siding
- Foundation: Slab
- Roof Type: Hip
- Roof Material: Shingle
- Pool: Yes
HOA
- Has HOA: Yes
- Association: Sunstate Association Management Group on behalf of
- HOA Fee: $120/monthly
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 0267120009
- Lot Size: 24000 sqft
Property Information
- Property Type: Single Family Residence
- Year Built: 1991
Tax Information
- Annual Tax: $9,982
Utilities
- Water & Sewer: Public
- Heating: Central
- Cooling: Central Air
Location
- County: Sarasota
Listing Details
Investment Summary
- Monthly Cash Flow
- -$3,647
- Cap Rate
- 3.2%
- Cash-on-Cash Return
- -13.0%
- Debt Coverage Ratio
- 0.52
- Internal Rate of Return (5 years)
- -8.5%
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:
| $1,469,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$1,175,200 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $293,800 |
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:
| $44,070 |
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:
| $337,870 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 3,717 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $395 |
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:
| $1.88 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $1,175,200 |
|---|---|
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:
| $7,525 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $832 |
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:
| $490 |
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:
| $8,847 |
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:
| $7,000 | $84,000 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$420 | -$5,040 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $6,580 | $78,960 |
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. | 12% | -$832 | -$9,982 |
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% | -$490 | -$5,880 |
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% | -$560 | -$6,720 |
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% | -$350 | -$4,200 |
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% | -$350 | -$4,200 |
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. | 2% | -$120 | -$1,440 |
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% | -$2,702 | -$32,422 |
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:
| $3,878 | $46,536 |
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. | -$7,525 | -$90,300 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $3,647 | $43,764 |