$600,000
Investment Summary
- Monthly Cash Flow
- -$2,104
- Cap Rate
- 1.9%
- Cash-on-Cash Return
- -18.3%
- Debt Coverage Ratio
- 0.32
- Internal Rate of Return (5 years)
- -13.7%
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
WELCOME TO YOUR EXPERTLY REMODELED RETREAT at 10531 Lakeview Dr, New Port Richey, FL in the Golden Acres subdivision of Pasco County. Your STUNNING home features 3 bedrooms, 3 bathrooms & OVERSIZED 2 car garage on 1 acre of HIGH & DRY land with NO HOA, NO CDD & NO FLOOD ZONE. This CUSTOM single family residence is set back on property so there is PLENTY of parking for multiple vehicles on the EXTRA LONG driveway. The pavered walkway leads to the LOVELY front door with decorative glass insert & side panels. As you step inside, you'll INSTANTLY FALL IN LOVE with the OPEN FLOOR PLAN consisting of the foyer, kitchen, dinette, dining & living rooms all dressed in PORCELAIN TILE throughout the home for fluidity of design. The BEAUTIFULLY RENOVATED kitchen consists of wood cabinets with jet black cylindrical handles & soft-close hinges, SHIMMERY GRANITE counters, subway marble-look tile backsplash, MASSIVE 12-FT ISLAND with MODERN pendant lights, stainless steel appliances including a 4-door fridge installed flush to the cabinets & deep farmhouse sink with gooseneck faucet. The breakfast nook overlooks the BRIGHT front window. The CONTEMPORARY chandelier together with recessed lighting help make your meals enjoyable in the dining room. Create family memories in the LARGE living room featuring a WOOD BURNING BRICK WALL FIREPLACE WITH MANTLE, 8-blade fan & AMBIENT color-changing step rope lighting. NATURAL SUNSHINE streams through the multiple windows ILLUMINATING the interior together with the recessed lights & HGTV-style lighting fixtures. Retreat to the peaceful primary bedroom featuring a walk-in closet & en-suite bathroom with barn doors on both. The SENSUAL bathroom has matching cabinets to the kitchen, granite counters, makeup station, LED lighted mirrors, linen closet, HUGE shower with hexagonal tiles on the floor & coordinating wall tiles with built-in shampoo shelf, dual shower heads & frameless enclosure. The remaining bedrooms can accommodate queen size furniture, have built-in closets & ceiling fans. The 2nd full bathroom consists of tub/shower combo complimented by marble-look wall tiles with decorative tile strip. The same PREMIUM cabinetry with soft-close drawers & SLEEK handles are utilized along with granite counter & LED light mirror. On the opposite wing of the home, you'll find the 3rd full bathroom decorated like a mountain SPA RETREAT. This AMAZING POOL BATH has a step-in shower with RAIN SHOWER HEAD, river rock floor & matching river rock horizontal strip within the tiled wall exuding a rustic theme. The wood accents framing the shower, mirror & custom wood shelf over the toilet BEAUTIFULLY add to the decor of this bathroom. This bath features frosted French doors from the dining area & directly to the screened lanai. In the pavered & screened area comprising of nearly 1100 sqft, there's an outdoor kitchen with granite counter, stainless steel cabinet, sink & 8-blade fan that matches the living room. The take a dip in your REFRESHING SWIMMING POOL! EVERYTHING about this RENOVATION is SIMPLY GORGEOUS! More MARVELOUS details: laundry room that can double as a walk-in pantry, 5.5" baseboards, 2 hall closets, high ceilings, custom shelving in closets & matching door handles/hinges. AC (3/2025); Electrical (9/2024); Roof (3/2021); Water Heater (6/2010); Garage Door (12/2008) all done with proper county permits. There is a shed for additional storage & firewood already cut for those cool nights. MAKE THIS YOUR FUTURE HOME!
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Location
Property Details
Parking
- Description: Garage
- Details: Covered, Driveway, Garage Door Opener, Guest, Off Street, Open, Oversized, Parking Pad, Attached
- Garage Spaces: 2
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 3
Bathroom Information
- # of Baths (Full): 3
- # of Baths (Total): 3.0
Interior Features
- # of Rooms: 13
- # of Stories: 1
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Other
- Foundation: Slab
- Roof Type: Gable
- Roof Material: Shingle
- Pool: Yes
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 182517011C000000250
- Lot Size: 43750 sqft
Property Information
- Property Type: Single Family Residence
- Style: Custom, Florida, Patio Home, Ranch
- Year Built: 1984
Tax Information
- Annual Tax: $5,760
Utilities
- Water & Sewer: Private, Well
- Heating: Central, Electric, Heat Pump
- Cooling: Central Air
Location
- County: Pasco
Listing Details
Investment Summary
- Monthly Cash Flow
- -$2,104
- Cap Rate
- 1.9%
- Cash-on-Cash Return
- -18.3%
- Debt Coverage Ratio
- 0.32
- Internal Rate of Return (5 years)
- -13.7%
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:
| $600,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$480,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $120,000 |
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:
| $18,000 |
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:
| $138,000 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 1,791 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $335 |
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:
| $1.17 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $480,000 |
|---|---|
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:
| $3,073 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $480 |
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:
| $147 |
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:
| $3,700 |
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:
| $2,100 | $25,200 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$126 | -$1,512 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $1,974 | $23,688 |
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. | 23% | -$480 | -$5,761 |
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% | -$147 | -$1,764 |
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% | -$168 | -$2,016 |
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% | -$105 | -$1,260 |
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% | -$105 | -$1,260 |
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 | 48% | -$1,005 | -$12,061 |
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:
| $969 | $11,628 |
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. | -$3,073 | -$36,876 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $2,104 | $25,248 |