$770,000
Investment Summary
- Monthly Cash Flow
- -$2,168
- Cap Rate
- 2.8%
- Cash-on-Cash Return
- -14.7%
- Debt Coverage Ratio
- 0.45
- Internal Rate of Return (5 years)
- -10.2%
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
Discover your dream home in GRACELAND ESTATES, where luxury meets tranquility on an expansive 1.4-acre lot. I'm going to Graceland, Graceland .. Welcome to this stunning NEW CONSTRUCTION HOME BUILT 2022 with all the UPGRADES! This home boasts several FLEX ROOMS, 1st PRIMARY BEDROOM/IN-LAW SUITE ON MAIN FLOOR, plus 2nd Primary Bedroom upstairs (2 MASTER SUITES), 5 BEDROOMS (Possible 6th), 1 dedicated HOME OFFICE, 1 THEATER/MEDIA ROOM. This home is designed to cater to every need. And everything is NEW!! – NEW ROOF, NEW HVAC, NEW WINDOWS, NEW KITCHEN, NEW BATHROOMS, NEW FLOORING! Nothing to do for 10 years! 1st FLOOR - From the moment you arrive, you’ll be captivated by the impeccable condition, modern amenities and high-end finishes such as MULTIPLE TRAY CEILINGS and CROWN MOLDING that add a touch of elegance! The open concept floor plan features LUXURY VINYL PLANK FLOORING for a seamless flow throughout the main living spaces! The heart of the home is the impressive kitchen/family room combo. The upgraded Kitchen is a chef's delight, featuring gleaming 10ft CENTER ISLAND with breakfast bar & SLEEK QUARTZ COUNTERTOPS, stainless steel appliances, double ovens, and a breakfast nook for easy dining. Whether you’re preparing a meal or hosting a dinner party, this kitchen provides all the amenities you need in a stylish setting. The FIRST FLOOR also FEATURES an attached IN-LAW SUITE with a private bathroom and walk in closet, which can be used as a MAIN FLOOR MASTER SUITE. And a versatile HOME OFFICE/Den is a great extra space to use as you need it, with double glass door entry that allows for both privacy and openness. The vinyl plank STAIRCASE leads to the 2ND STORY featuring an extended PRIMARY BEDROOM with a separate sitting area and ensuite bathroom, PLUS 3 other bedrooms with shared dual sink bathroom, and indoor laundry room … and the HIGHLIGHT OF THIS HOME. YOUR CHILDREN WILL LOVE the open concept FAMILY THEATER ROOM with 83 inch HD LG TV, surround sound and oversized LEATHER RECLINING THEATER SEATS with led lights (6 seats at $2,700 each new)! Situated on a sprawling lot with 1.41 Acres, this property offers plenty of outdoor space for gardening, recreation or simply enjoying nature. The backyard provides a tranquil retreat with 2 BEAUTIFUL HILLS FLOWING INTO OPEN GREEN AREAS great for riding ATV’s. Graceland Estates is a small community of large lots, offering a peaceful country feel while still being close to everything you need. Conveniently located near highways for easy commutes, shopping, dining, and schools, this home provides the best of both worlds. Living in Graceland Estates means you’re a short drive from Downtown Tampa and local beaches. For everyday convenience, the Brandon Town Center, just 15 minutes away, offers a variety of stores and restaurants. Explore the natural beauty of Hillsborough River State Park, which offers camping, fishing, canoeing, kayaking, and a set of Class II rapids. Hiking and biking enthusiasts will appreciate Flatwoods Wilderness Park, which features miles of trails ranging from hilly runs to flat lands, catering to all levels of adventure seekers. Embrace the opportunity to own this NEW HOME, a piece of Florida paradise in Graceland Estates. This home is truly a gem waiting for your family to MOVE-IN TODAY & MAKE YOUR OWN!
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Location
Property Details
Parking
- Description: Garage
- Details: Driveway, Attached
- Garage Spaces: 3
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 5
Bathroom Information
- # of Baths (Full): 3
- # of Baths (Total): 4.0
Interior Features
- # of Rooms: 11
- # of Stories: 2
Exterior Features
- Exterior Walls Materials: Stucco
- Foundation: Slab
- Roof Type: Gable or Hip
- Roof Material: Shingle
HOA
- Has HOA: Yes
- Association: Gloria
- HOA Fee: $120/quarterly
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: U162820B6G000000000040
- Lot Size: 61434 sqft
Property Information
- Property Type: Single Family Residence
- Year Built: 2022
Tax Information
- Annual Tax: $8,013
Utilities
- Water & Sewer: Private, Public
- Heating: Central, Electric
- Cooling: Central Air
Location
- County: Hillsborough
Listing Details
Investment Summary
- Monthly Cash Flow
- -$2,168
- Cap Rate
- 2.8%
- Cash-on-Cash Return
- -14.7%
- Debt Coverage Ratio
- 0.45
- Internal Rate of Return (5 years)
- -10.2%
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:
| $770,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$616,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $154,000 |
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:
| $23,100 |
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:
| $177,100 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 3,648 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $211 |
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:
| $0.99 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $616,000 |
|---|---|
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:
| $3,944 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $668 |
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:
| $252 |
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:
| $4,864 |
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:
| $3,600 | $43,200 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$216 | -$2,592 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $3,384 | $40,608 |
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% | -$668 | -$8,013 |
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% | -$252 | -$3,024 |
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% | -$288 | -$3,456 |
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% | -$180 | -$2,160 |
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% | -$180 | -$2,160 |
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. | 1% | -$40 | -$480 |
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% | -$1,608 | -$19,293 |
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:
| $1,776 | $21,312 |
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. | -$3,944 | -$47,328 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $2,168 | $26,016 |