$1,925,000
Investment Summary
- Monthly Cash Flow
- -$4,138
- Cap Rate
- 3.6%
- Cash-on-Cash Return
- -11.2%
- Debt Coverage Ratio
- 0.58
- Internal Rate of Return (5 years)
- -6.9%
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
This beautifully redecorated, turnkey-furnished waterfront residence offers southern exposure, Gulf access, high income-producing potential, a huge pool/spa, high elevation and an exceptional Marco Island location close to Resident's Beach. Perfectly positioned on an oversized cul-de-sac lot with 141 feet of water frontage, this key lot provides breathtaking converging waterway views and the added privacy of a double-wide canal. Designed for both relaxation and entertaining, the home blends updated finishes, expansive outdoor living, and a light-filled floor plan with four bedrooms, three baths, a two-car garage and two stories of comfortable coastal living. The exterior has been freshly painted and enhanced with updated landscaping, creating a welcoming arrival. A private dock with lift provides quick Gulf access, while the screened lanai offers a covered outdoor living area with a ceiling fan, canal views and a heated pool and spa with a waterfall feature. The pool system has been thoughtfully upgraded with a newer heater and pump, renewed jets, a replaced glass window in the waterfall and a Hayward automated operation for effortless control. Additional outdoor features include an outdoor shower and spiral staircase connecting to the second floor. Inside, the bright and airy interior showcases volume ceilings, large windows, tile flooring in the main living areas, recessed LED lighting and upgraded ceiling fans. The remodeled kitchen is a true highlight, featuring white cabinetry with in-cabinet lighting, custom wine shelving, granite counters, a mosaic tile backsplash, bar seating, a pantry, and stainless steel appliances including a cooktop, built-in microwave, wall oven, dishwasher, and a refrigerator with an icemaker. An adjacent dining area with arched windows sets the stage for memorable gatherings. The living room offers lanai access through multiple sliders with transom windows above, a built-in entertainment center and tranquil canal and pool views. A separate great room also opens to the lanai, extending the indoor-outdoor flow. The owner's suite is a private retreat with lanai access, water views, wood-look laminate flooring, a walk-in closet and a spa-like bath with dual vanities, a soaking tub, and a glass-enclosed walk-in shower. A guest suite with laminate flooring includes an en-suite bath that doubles as a pool bath, complete with a walk-in shower and built-in bench. Upstairs, new carpeting complements two guest bedrooms connected by a Jack-and-Jill bath with a walk-in shower. A spacious loft/media room overlooks the main living areas and offers direct access to the lanai below via spiral staircase. Additional conveniences include a tiled garage with storage cabinetry, central vacuum, a freshly painted interior, custom window coverings, remodeled bedrooms to accommodate king-sized beds, and a newer HVAC unit. Just minutes from Marco Island's beaches, dining, shopping, and golf, this home offers the best of coastal living.
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: Attached, Garage, GarageDoorOpener
- Details: Garage Door Opener, Paved, Attached
- Garage Spaces: 2
- Spaces Total: 2
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
- Roof Material: Tile
- Pool: Yes
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 57369720003
- Lot Size: 10454 sqft
Property Information
- Property Type: Single Family Residence
- Style: Two Story, Contemporary, Single Family
- Year Built: 1996
Tax Information
- Annual Tax: $12,470
Utilities
- Heating: Central, Electric
- Cooling: Ceiling Fan(s)
Location
- County: Collier
Listing Details
Investment Summary
- Monthly Cash Flow
- -$4,138
- Cap Rate
- 3.6%
- Cash-on-Cash Return
- -11.2%
- Debt Coverage Ratio
- 0.58
- Internal Rate of Return (5 years)
- -6.9%
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:
| $1,925,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$1,540,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $385,000 |
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:
| $57,750 |
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:
| $442,750 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 2,490 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $773 |
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:
| $3.94 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $1,540,000 |
|---|---|
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:
| $9,861 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $1,039 |
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:
| $686 |
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:
| $11,586 |
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:
| $9,800 | $117,600 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$588 | -$7,056 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $9,212 | $110,544 |
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. | 11% | -$1,039 | -$12,471 |
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% | -$686 | -$8,232 |
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% | -$784 | -$9,408 |
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% | -$490 | -$5,880 |
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% | -$490 | -$5,880 |
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. | n/a | n/a | n/a |
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 | 36% | -$3,489 | -$41,871 |
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:
| $5,723 | $68,676 |
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. | -$9,861 | -$118,332 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | -$4,138 | -$49,656 |