$959,000
Investment Summary
- Monthly Cash Flow
- -$2,561
- Cap Rate
- 3.1%
- Cash-on-Cash Return
- -13.9%
- Debt Coverage Ratio
- 0.49
- Internal Rate of Return (5 years)
- -9.5%
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
The owners approved lender will give the buyer up to $5,000 in closing costs assistance on the purchase of this home. A Timeless Retreat in Rivercrest. Introducing a rare opportunity to own a meticulously cared for residence nestled in the private enclave of custom homes, located in the North Markham corridor. This timeless retreat is surrounded by tranquil streets and the beauty of mature trees, offering an exclusive lifestyle within a community of only one hundred and twenty homes. Strategically positioned near Hwy 46, this home seamlessly combines exclusivity with accessibility to premier shopping, top-rated schools, and major thoroughfares. Set on a private one-acre lot, this single-story masterpiece spans 3,700 sq. ft. of luxurious living space, featuring 4 bedrooms, 3 baths, and a wealth of elegant details. As you approach the residence, circular drive adorned with cascading Oak Trees and detailed landscaping welcomes you. The distinguished lead glass front door hints at the elegance within, while the home’s elevation features simple, clean lines and an array windows exuding classic sophistication. Impressive Interior Design Stepping over the threshold, an inviting entryway sets the tone for the home’s timeless elegance with an inlaid mosaic tile. The office off the entry features finely crafted millwork on the walls. The expansive windows bathe the dining room in natural light. The dining room, framed with crown molding provides a perfect setting for memorable gatherings and showcases floors lined in tile. The kitchen features white cabinetry, Galaxy black granite countertops, tiled backsplash, and a center island. High-end appliances package includes a new double oven which is looking for a creative individual to complete the look. A serving bar adds to the home’s entertaining potential. Overlooking the kitchen is the casual living room, showcasing soaring ceilings, a stunning floor-to-ceiling stone fireplace, creating a warm and inviting focal point. This area overlooks the pool area. Owner’s Suite and Additional Bedrooms The spacious owner’s suite, discreetly separated from the additional bedrooms, exudes tranquility with neutral wood tones and a spacious walk-in closet. Designed with the finest craftsmanship, the bath features a massive walk-in shower with neutral tile, dual sinks accented with picture frame mirrors and a sumptuous garden bath. Three additional bedrooms and an ultra-modern second bath ensure functionality and convenience for family and guests alike. The bonus room is palatial and can easily be used for a home theater. Step outside to your private oasis, where a sparkling pool and are surrounded by pavers and an expansive, private backyard. This serene setting provides the perfect space for gatherings, relaxation, or simply enjoying the beauty of the surrounding grounds. Modern Upgrades Major improvements, including a newer roof, A/C, windows/doors, and water heater, give peace of mind for the fortunate new owner. River Crest offers a private 24 hour gated guarded community with only unique custom-built homes!! The community has a private tennis court and gorgeous park with a wooden deck trail that leads to a dock on the Wekiva River a gorgeous spring fed river. Conveniently located near Seminole County’s top-rated schools, downtown Lake Mary, and the vibrant Lake Mary Farmers Market, Seminole walking trail & parks and recreation fields this home provides the perfect balance of luxury & lifestyle.
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: Circular Driveway, Garage Door Opener, Oversized
- Details: Circular Driveway, Garage Door Opener, Garage Faces Side, 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: 12
- # of Stories: 1
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Stucco
- Foundation: Slab
- Roof Type: IRR/Cathedral
- Roof Material: Shingle
- Pool: Yes
HOA
- Has HOA: Yes
- Association: Rivercrest Homeowner's Association / Vista C.A.M
- HOA Fee: $835/quarterly
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 3419295JM00000150
- Lot Size: 44054 sqft
Property Information
- Property Type: Single Family Residence
- Year Built: 1989
Tax Information
- Annual Tax: $9,541
Utilities
- Water & Sewer: Private
- Heating: Central
- Cooling: Central Air
Location
- County: Seminole
Listing Details
Investment Summary
- Monthly Cash Flow
- -$2,561
- Cap Rate
- 3.1%
- Cash-on-Cash Return
- -13.9%
- Debt Coverage Ratio
- 0.49
- Internal Rate of Return (5 years)
- -9.5%
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:
| $959,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$767,200 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $191,800 |
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:
| $28,770 |
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:
| $220,570 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 3,712 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $258 |
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:
| $1.37 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $767,200 |
|---|---|
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:
| 6.810% |
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:
| $5,007 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $795 |
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:
| $357 |
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:
| $6,159 |
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:
| $5,100 | $61,200 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$306 | -$3,672 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $4,794 | $57,528 |
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. | 16% | -$795 | -$9,541 |
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% | -$357 | -$4,284 |
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% | -$408 | -$4,896 |
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% | -$255 | -$3,060 |
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% | -$255 | -$3,060 |
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. | 5% | -$278 | -$3,336 |
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 | 46% | -$2,348 | -$28,177 |
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:
| $2,446 | $29,352 |
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. | -$5,007 | -$60,084 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $2,561 | $30,732 |