$665,000
Investment Summary
- Monthly Cash Flow
- -$1,892
- Cap Rate
- 2.9%
- Cash-on-Cash Return
- -14.8%
- Debt Coverage Ratio
- 0.46
- Internal Rate of Return (5 years)
- -10.4%
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
Executive Home perfectly positioned on a waterfront lot in HIGHLY-COVETED ARBOR GREENE! A rare find, this home has DUAL MASTER SUITES – 1 UPSTAIRS & 1 DOWNSTAIRS, perfect for multi-generational living. Upon entering Arbor Greene through the 24/7 MANNED GATEHOUSE, you are greeted by lush tropical landscaping and towering mature palm trees that showcase the Florida lifestyle. This stunning home offers 4 bedrooms, 4 bathrooms, a 3-CAR GARAGE and over 3,300 sq. ft. of luxurious living space, with sparkling water views throughout. Light and bright, the home’s grand entryway leads into a 2-story foyer, with a direct view of the tranquil waterfront. To the right of the dramatic foyer entryway is a beautiful FORMAL LIVING ROOM with a 12-foot VAULTED CEILING, CUSTOM MILLWORK, and PLANTATION SHUTTERS. Continuing past the foyer area into the OPEN FLOOR PLAN MAIN LIVING SPACE with 9 ½ ft ceilings you’ll find the spacious great room which features 12-FOOT SLIDING DOORS, allowing for a seamless flow to the screened lanai, complete with an OUTDOOR KITCHEN with a granite countertop and gas, 4-burner cook top. There is also an above ground SPA! Beautiful, natural-colored pavers finish off this lovely and functional outdoor space. The kitchen is truly a show-stopper! All of the countertops, including the island that overlooks the family room and the island in the center of the kitchen are SOLID MARBLE! The stainless-steel appliances include a 5-BURNER GAS RANGE, DOUBLE OVENS, and abundant storage. The adjacent dining area offers spectacular WATER VIEWS from its BAY WINDOW. The 1st-floor primary suite also showcases sweeping water views through FLOOR-TO-CEILING WINDOWS, and an ENSUITE BATH featuring a walk-in shower, SOAKING TUB, double vanities, and a large linen closet. A guest bathroom with a walk-in shower and a laundry room complete the first floor. The stairway is open all the way to the second floor and the stunning PALLADIAN WINDOW allows gorgeous natural light to fill the space! Upstairs, the 2nd master suite offers treetop views, a 12-FOOT VAULTED CEILING, and a spacious bathroom with double vanities and a walk-in closet. The master ensuite is also furnished with a soaking tub, walk-in shower and private water closet. The 3rd ensuite bedroom and 4th bedroom are generously sized, and there is a HOME OFFICE with a BUILT-IN DESK and CUSTOM CABINETRY. There is even a convenient LAUNDRY CHUTE makes laundry a breeze! ROOF: 2016. Living in Arbor Greene means access to INCREDIBLE AMENITIES, including an elegant clubhouse with banquet facilities, a professional level fitness center with private locker room and showers, two pools (one Olympic-sized), tennis courts, nature trails, and scenic sidewalks throughout that connect you to all of the outdoor beauty of this special community. This home is ideally located just minutes from I-75 with easy access to downtown Tampa, as well as the stunning beaches of St. Petersburg and Clearwater. This is not just a home...it’s an opportunity to embrace a lifestyle tailored to your dreams and ambitions in one of the most sought-after communities in the area.
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Location
Property Details
Parking
- Description: Garage Door Opener
- Details: Attached
- Garage Spaces: 3
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 4
Bathroom Information
- # of Baths (Full): 4
- # of Baths (Total): 4.0
Interior Features
- # of Rooms: 15
- # of Stories: 2
Exterior Features
- Exterior Walls Materials: Stucco
- Foundation: Slab
- Roof Type: Gable or Hip
- Roof Material: Shingle
- Pool Community: Yes
HOA
- Has HOA: Yes
- Association: Terra Management Services/ Radley Travez
- HOA Fee: $110/annually
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: A16272022J000006000840
- Lot Size: 7820 sqft
Property Information
- Property Type: Single Family Residence
- Year Built: 1999
Tax Information
- Annual Tax: $7,427
Utilities
- Water & Sewer: Public
- Heating: Central, Electric
- Cooling: Central Air
Location
- County: Hillsborough
Listing Details
Investment Summary
- Monthly Cash Flow
- -$1,892
- Cap Rate
- 2.9%
- Cash-on-Cash Return
- -14.8%
- Debt Coverage Ratio
- 0.46
- Internal Rate of Return (5 years)
- -10.4%
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:
| $665,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$532,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $133,000 |
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:
| $19,950 |
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:
| $152,950 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 3,312 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $201 |
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:
| $0.97 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $532,000 |
|---|---|
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:
| 6.810% |
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:
| $3,472 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $619 |
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:
| $224 |
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:
| $4,315 |
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:
| $3,200 | $38,400 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$192 | -$2,304 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $3,008 | $36,096 |
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. | 19% | -$619 | -$7,427 |
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% | -$224 | -$2,688 |
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% | -$256 | -$3,072 |
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% | -$160 | -$1,920 |
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% | -$160 | -$1,920 |
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. | 0% | -$9 | -$108 |
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 | 45% | -$1,428 | -$17,135 |
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:
| $1,580 | $18,960 |
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. | -$3,472 | -$41,664 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $1,892 | $22,704 |