$2,490,000
Investment Summary
- Monthly Cash Flow
- -$8,251
- Cap Rate
- 1.7%
- Cash-on-Cash Return
- -17.3%
- Debt Coverage Ratio
- 0.30
- Internal Rate of Return (5 years)
- -12.7%
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
SIMPLY STUNNING!! Perched on the edge of our glistening coastline, this modern beachfront home exudes sleek sophistication while enjoying uninterrupted views of the Gulf of Mexico from inside along with a spacious adjoining outdoor area affords you the most beautiful life and relaxing feels. This Exquisite Home and its outdoor living spaces and pool seamlessly blend with the horizon allowing the absolute BEST living you could dream of! The open-concept interior features clean lines, neutral tones, and elegant decor, creating a serene sanctuary. Every detail of this incredible home was well thought out and only the finest of materials was used-literally no detail was overlooked in the design and craftsmanship of this home. And Fortified Gold Construction. Not only is the location exceptional, but the home itself is the epitome of elegance and good taste. Main level living spaces are surrounded in beautiful, large windows w/remote controlled window treatments, all light switches are dimmable throughout, beautiful lighting & sconces, Eldorado Stone fireplace mantle and hearth, recessed ceiling mounted art lights, wired for sound, rounded drywall corners,11'4'' ceilings 1st level & 10' ceilings on 2nd level. 8' custom V-groove stained solid wood doors, dehumidifier integrated with HVAC system, tankless water heaters, gypcrete soundproofing system under all 2nd floor flooring, open-cell spray foam insulation plus blown-in fiberglass insulation above 2nd floor ceiling-list is endless!! Living spaces seamlessly open to each other creating a home that everyone can enjoy being together, formal/informal dining area that is gorgeous-all open to a stunning, sleek & over the top kitchen! Full gorgeous overlay painted custom cabinets w/glass doors, gold glaze, & strip lighting, quartzite countertops, large island w/seating, Brizo fixtures,2 sinks, Wolf & Subzero appliances, New Ravenna marble & brass mosaic tile backsplash. Butler's pantry & bar w/Subzero wine cooler & cabinets & backsplash to match kitchen. Powder room is exquisite-wall covering, glazed subway tile on walls, gold Schluter trim, wall sconces, New Ravenna marble mosaic floor tile, True form concrete sink, wall mounted electric toilet and men's lavatory. Wonderful, warm office with stained high gloss cabinetry, wall covering, beautiful chandelier and located close to MBR. Downstairs ''built-out'' laundry/mud room-cabinetry, quartzite counter tops, sink, wrapping station, fridge along with second laundry room upstairs. MBR and Bath are simply fabulous! 12''x24'' Italian porcelain tile, stained high gloss wall mounted nightstands with matching chandeliers, crystal and brass pulls, wall covering w/wood stained trim accent wall. GORGEOUS Bath with stained high gloss cabinets, quartzite countertops, beautiful fixtures and hardware, wall covering, backlit IB vanity mirrors, walk-in steam shower w/2 showerheads, glass tile w/rock floor, cast stone bench, wall sconces and chandelier, 6ft Bain Ultra air jet tub-a complete ''spa like'' experience! The closets are perfection! AMAZING, Beautiful stairwell with quartzite treads & risers with glass handrail system & brass hardware and trim. Second level contains large upstairs den, coat closet, upstairs laundry room, two oversized bedrooms with large closets & a beautiful Jack/Jill bath mirroring a Master Bath. Large AC storage room could easily become a 4th bedroom. After you tour this stunning home, the living spaces and lush landscaping outside will make you never want to leave! Mature oaks & over the top landscaping thru out every inch of the grounds is amazing, landscape lighting, ''Living fence'', huge tree house, artificial turf-No Mowing! Elevated Outdoor kitchen & pool area is a dream w/the most gorgeous views of the sandy beaches & Gulf of Mexico!! Outdoor kitchen w/ Wolf appliances Heatilator fireplace, dbl garage in back w/ back entry off 2nd St, 4 car Parking pad in front.This stunning beachfront home is a coastal PARADISE!
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Location
Property Details
Parking
- Description: Covered, Driveway, Garage Door Opener, Garage Faces Rear, Gated, Storage, Direct Access, Concrete
- Details: Covered, Driveway, Garage Door Opener, Garage Faces Rear, Gated, Storage, Direct Access, Concrete
- Garage Spaces: 2
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 3
Bathroom Information
- # of Baths (Full): 3
- # of Baths (Partial): 1
- # of Baths (Total): 4.0
Interior Features
- Fireplace: Yes
Exterior Features
- Roof Type: Hip
- Roof Material: Metal
- Pool: Yes
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 0911E03024.000
- Lot Size: 20908 sqft
Property Information
- Property Type: Single Family Residence
- Style: Contemporary
- Year Built: 2019
Tax Information
- Annual Tax: $11,438
Utilities
- Water & Sewer: Public
- Heating: Central, Electric, Fireplace(s), Hot Water, Humidity Control
- Cooling: Central Air, Ceiling Fan(s), Gas, Humidity Control
Location
- County: Harrison
Listing Details
Investment Summary
- Monthly Cash Flow
- -$8,251
- Cap Rate
- 1.7%
- Cash-on-Cash Return
- -17.3%
- Debt Coverage Ratio
- 0.30
- Internal Rate of Return (5 years)
- -12.7%
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:
| $2,490,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$1,992,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $498,000 |
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:
| $74,700 |
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:
| $572,700 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 0 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| n/a |
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:
| n/a |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $1,992,000 |
|---|---|
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:
| 5.875% |
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:
| $11,783 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $953 |
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:
| $455 |
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:
| $13,191 |
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:
| $6,500 | $78,000 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$390 | -$4,680 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $6,110 | $73,320 |
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. | 15% | -$953 | -$11,438 |
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% | -$455 | -$5,460 |
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% | -$520 | -$6,240 |
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% | -$325 | -$3,900 |
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% | -$325 | -$3,900 |
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 | 40% | -$2,578 | -$30,938 |
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:
| $3,532 | $42,384 |
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. | -$11,783 | -$141,396 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $8,251 | $99,012 |