$4,300,000
Investment Summary
- Monthly Cash Flow
- -$20,155
- Cap Rate
- 0.5%
- Cash-on-Cash Return
- -24.5%
- Debt Coverage Ratio
- 0.08
- Internal Rate of Return (5 years)
- -19.6%
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 the epitome of luxury lakefront living! Nestled within the distinguished guarded, and gated community of Stillwater, this remarkable estate spans over 2.5 acres of pristine land, offering a serene and exclusive retreat for the discerning homeowner. Boasting an impressive, heated living space of nearly 8,900 square feet, this exquisite residence showcases unparalleled craftsmanship and meticulous attention to detail. As you step inside, you'll be greeted by soaring ceilings that create an airy and grand ambiance, while the abundance of windows invites natural light to illuminate every corner of the house. Designed for ultimate comfort and privacy, this estate features five spacious ensuites, including a luxurious downstairs master suite and a guest bedroom. The master bedroom is further enhanced by the presence of a private fireplace and his-and-her vanities, providing a true sanctuary within the home. Both the family room and Living room also feature their own fireplaces. With a total of seven full bathrooms and two half baths, every convenience has been thoughtfully provided. Additionally, apart from the main kitchen, there is a well-equipped prep kitchen, accompanied by a massive laundry room for your convenience. An additional laundry room can be found upstairs, ensuring effortless housekeeping. Entertainment is taken to new heights with the inclusion of a media room, bonus room that can be large bedroom it has full bathroom & closet, craft room, and gym, catering to all your recreational desires. Need a space for work or study? There's a dedicated office for your professional needs. Upstairs you will find 3 additional ensuites, with one of those having a large sitting area, practically large enough to be another bedroom, that allows for privacy and relaxation. Embrace the captivating lake views and enjoy direct access to the water with your own private dock, complete with a convenient boat lift. The outdoor oasis beckons with a sparkling pool and spa, accompanied by an outdoor kitchen for delightful al fresco dining experiences. The meticulously manicured landscaping provides an enchanting backdrop, creating a tranquil and picturesque setting. This estate truly has it all, including a climate-controlled 5-car garage that showcases sub zero refrigerator/freezer, cooktop range with vent, exquisite cabinetry for storage, ensuring your vehicles are kept in pristine condition. To further enhance convenience, a bathroom is conveniently located within the garage. In the event of power outages, a generator stands ready to provide uninterrupted comfort and peace of mind. No detail has been overlooked in this remarkable lakefront haven, where luxury and elegance meet at every turn. Don't miss the opportunity to make this lakefront estate your own and experience the pinnacle of luxurious living.
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Location
Property Details
Parking
- Description: Bath In Garage, Circular Driveway, Garage Door Opener, Garage Faces Side
- Details: Circular Driveway, Garage Door Opener, Garage Faces Side, Attached
- Garage Spaces: 5
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 6
Bathroom Information
- # of Baths (Full): 8
- # of Baths (Partial): 2
- # of Baths (Total): 10.0
Interior Features
- # of Rooms: 9
- # of Stories: 2
- 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: Qualified Property management, inc Janette Boldt
- HOA Fee: $1,499/quarterly
- Additional Association: Montreux/ Stillwater Master Association
- Additional HOA Fee: $535/annually
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: U11271700J000000000100
- Lot Size: 110584 sqft
Property Information
- Property Type: Single Family Residence
- Year Built: 2003
Tax Information
- Annual Tax: $37,251
Utilities
- Water & Sewer: Public
- Heating: Central
- Cooling: Central Air, Ductless
Location
- County: Hillsborough
Listing Details
Investment Summary
- Monthly Cash Flow
- -$20,155
- Cap Rate
- 0.5%
- Cash-on-Cash Return
- -24.5%
- Debt Coverage Ratio
- 0.08
- Internal Rate of Return (5 years)
- -19.6%
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:
| $4,300,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$3,440,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $860,000 |
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:
| $129,000 |
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:
| $989,000 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 8,896 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $483 |
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:
| $0.90 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $3,440,000 |
|---|---|
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:
| $22,027 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $3,104 |
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:
| $560 |
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:
| $25,691 |
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:
| $8,000 | $96,000 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$480 | -$5,760 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $7,520 | $90,240 |
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. | 39% | -$3,104 | -$37,252 |
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% | -$560 | -$6,720 |
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% | -$640 | -$7,680 |
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% | -$400 | -$4,800 |
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% | -$400 | -$4,800 |
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. | 7% | -$544 | -$6,528 |
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 | 71% | -$5,648 | -$67,780 |
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:
| $1,872 | $22,464 |
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. | -$22,027 | -$264,324 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $20,155 | $241,860 |