$2,690,000
Investment Summary
- Monthly Cash Flow
- -$9,994
- Cap Rate
- 1.7%
- Cash-on-Cash Return
- -19.4%
- Debt Coverage Ratio
- 0.27
- Internal Rate of Return (5 years)
- -14.7%
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
Exemplary Executive Golf Course Home with AMAZING PANORAMIC VIEWS is available for purchase in the exclusive gated, active lifestyle golf community of Reunion Resort! This FULLY FURNISHED 9-bedroom, 12.5-bath purpose-built home, comes professionally themed and decorated to an elite standard and offers an immersive luxury experience. Positioned on a superior southwest-facing lot overlooking the 10th and 11th holes of the Nicklaus Golf Course, it delivers captivating sunsets, year-round sun, and unforgettable vistas. The outdoor living space is everyone’s dream, featuring a covered lanai, oversized pool with sun shelf and hot tub, firepit, cabana-style daybed and generous lounging areas. Inside, you'll find a well thought out main floor open-concept living space with a top-of-the-line chef’s kitchen, a sleek dining and gathering area framed by sliders that flow seamlessly to the pool deck. Also on the first level are four deluxe bedroom suites with full baths and special touches such as black out blinds, ceiling fans and 5 star bedding. Upstairs, indulge in the custom-designed themed sports bar complete with a pool table crafted from a 1967 Camaro, adjacent lounge with gaming stations, and balcony views that are nothing short of spectacular. The curated fun continues in a dedicated arcade room and two mind-blowing themed galactic bunk rooms, one featuring a laser shooting game and animatronic Star Wars characters including Grogu and IG-11, and the other showcasing Hans Solo's carbonite scene and a karaoke stage with realistic detail that must be seen to be believed. Each bunk room has two full bathrooms, and individual beds with personal TV’s, lights and USB ports for today’s connected world. Three additional en-suite bedrooms round out the second floor including an oversized front en-suite with its own covered balcony, and two primary master suites with private sitting areas and sliding doors opening to sweeping golf course views. Strategically designed to comfortably accommodate up to 24 family members and guests it is equipped with two refrigerators, two ranges, two dishwashers, two microwaves, plus two laundry rooms, a downstairs wet bar, an upstairs dry bar, an LED-lit electric fireplace, and even a pool bath with outdoor access....TRANSFERABLE MEMBERSHIP AVAILABLE....Reunion Resort and Club stands out as a one of a kind, active lifestyle community with dynamic amenities, and features 3 signature golf courses, a tennis center, WATERPARK, 12 communal pools, playgrounds, putt putt golf, pickle ball courts, dog-park, fitness center, arcade and numerous on site dinning choices. It is within close proximity to Central Florida's major roadways, attractions, dining, shopping and world class beaches...This TURNKEY home has been designed for both luxury living and high-performance rental potential and contains unmatched upgrades throughout and is ideal for those seeking a personal retreat, or perfect for investors or 1031 exchanges. Schedule your private showing today - this is the Reunion home you've been waiting for! For additional perspective check out the cinematic video -https://youtu.be/JzP6z0sEnI8
Build Your Team
Quickly find investor-friendly professionals who can help you succeed in real estate investing at any stage of the investing journey.
Agents
Match with investor-friendly agents who can help you find, analyze, and close your next deal
Lenders
Get the best funding…find investor-friendly lenders who specialize in your deal strategy
Property Managers
Transition to passive investing. Find a trusted property management partnership that lasts.
Tax Pros & Accountants
Taxes and financial reporting made easy—find experts to create tax savings strategies, file taxes, and more
Location
Property Details
Parking
- Description: Converted Garage
- Details: Converted Garage, Attached
- Garage Spaces: 2
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 9
Bathroom Information
- # of Baths (Full): 12
- # of Baths (Partial): 1
- # of Baths (Total): 13.0
Interior Features
- # of Rooms: 4
- # of Stories: 2
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Concrete Block
- Foundation: Slab
- Roof Type: Gable or Hip
- Roof Material: Tile
- Pool: Yes
HOA
- Has HOA: Yes
- Association: Artemis Lifestyles/John Kingsley
- HOA Fee: $589/monthly
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 352527488100011480
- Lot Size: 8451 sqft
Property Information
- Property Type: Single Family Residence
- Year Built: 2023
Tax Information
- Annual Tax: $22,861
Utilities
- Water & Sewer: Public
- Heating: Central, Electric
- Cooling: Central Air
Location
- County: Osceola
Listing Details
Investment Summary
- Monthly Cash Flow
- -$9,994
- Cap Rate
- 1.7%
- Cash-on-Cash Return
- -19.4%
- Debt Coverage Ratio
- 0.27
- Internal Rate of Return (5 years)
- -14.7%
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:
| $2,690,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$2,152,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $538,000 |
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:
| $80,700 |
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:
| $618,700 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 7,000 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $384 |
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:
| $1.30 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $2,152,000 |
|---|---|
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:
| $13,779 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $1,905 |
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:
| $637 |
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:
| $16,321 |
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:
| $9,100 | $109,200 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$546 | -$6,552 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $8,554 | $102,648 |
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. | 21% | -$1,905 | -$22,861 |
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% | -$637 | -$7,644 |
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% | -$728 | -$8,736 |
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% | -$455 | -$5,460 |
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% | -$455 | -$5,460 |
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. | 6% | -$589 | -$7,068 |
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 | 52% | -$4,769 | -$57,229 |
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:
| $3,785 | $45,420 |
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. | -$13,779 | -$165,348 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | -$9,994 | -$119,928 |