$464,500
Investment Summary
- Monthly Cash Flow
- -$1,080
- Cap Rate
- 3.5%
- Cash-on-Cash Return
- -12.1%
- Debt Coverage Ratio
- 0.55
- Internal Rate of Return (5 years)
- -7.7%
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
One or more photo(s) has been virtually staged. **RATES IN THE 4’S AVAILABLE THROUGH OUR 2/1 BUYDOWN PAID FOR BY SELLER AND PREFERRED LENDER OR $5,000 SELLER CREDIT**Situated in a small, quiet GATED community and centrally located within 11 miles to Downtown Tampa, this William Ryan Sanibel model was built in FALL 2021 with ABUNDANCE OF UPGRADES! New Construction without the wait. Immediately notice the front of the home with an Upgraded Elevation of two windows, the Upgraded 4 ft extended garage and 8 ft HURRICANE grade & WIFI ENABLED garage door, Utility Side Door with Light & 10 ft ceiling to fit Full Size Trucks or SUVs! There’s also an Upgraded Walk In Storage Room Above the garage & PLUS 50 Amp outlet to charge your EV or power tools. Upon entering, your eyes are immediately drawn up to the Upgraded 8 ft doors throughout & 9 ft ceilings. Upgraded Tile flows seamlessly throughout the home except for the two front bedrooms. You'll LOVE the Living and Dining Room Combo with all the natural light pouring in and Upgraded recessed lighting. True split floor plan with 2 bedrooms and full bathroom with designer tiles in the tub/shower combo in the front of the home and Primary Bedroom and Ensuite in the back of the home! You are going to LOVE this Gourmet Kitchen with an Abundance of Upgraded 42" tall SOLID WOOD SOFT CLOSE cabinets, Upgraded Built in Desk/Bar with 42” upper cabinets, Granite counters throughout the home, Upgraded Pendants & recessed lighting, Upgraded 6x8ft island, and opens into a spacious Eat in Area and Family Room. Dream Kitchen Upgraded Slate Fingerprint Resistant Appliances, Gas Double Oven with Griddle cooktop! Notice the Upgraded triple slider opening up onto a 8x40ft screened lanai stretching across the entire back of the home out to the tranquil backyard. The Primary Bedroom has an Ensuite Bathroom and Upgraded triple sliders for easy access to the lanai & views. Ensuite bathroom has a magnificent walk in Upgraded oversized modern shower with glass wall enclosure, double sinks, lots of cabinets, Water Closet & huge walk in closet! STORAGE abounds throughout the home with Coat Closet to the front house, large Walk-In pantry, and large linen closet. Smart Home connected to Garage, Doorbell, Thermostat and wired for security cameras. LOW HOA, NO CDD fees, AND prime location near I-4, US-301, CR 579, Hwy 92, MLK/574, Hwy 60, and I-75!*FULL LIST OF UPGRADES*Front Elevation with Double window*Smart Home - Garage, Thermostat, Doorbell*Wired for Security Cameras*8 Ft height Garage Door - Hurricane Grade Wifi enabled*Garage Overhead Storage Room*Garage Utility Entry Door and Light*4 Ft Extended Garage AND 10 Ft Ceiling*All doors are 8 Ft Swing Doors*9 Ft Ceilings*Tile throughout home (carpet in Bedroom 2 and 3)*HUGE screened lanai 8 Ft x 40 Ft stretching across back of the home*Triple 8 Ft Sliding Door in Family Room and Primary Bedroom*Slate Fingerprint Resistant Appliances - Double Oven with Griddle and 3 Racks Dishwasher, French Door Refrigerator*42" Solid Wood cabinets throughout the house*Built In desk with Granite & Upper Cabinets*Kitchen Island extended 6 Ft x 8 Ft*Coat Closet in Entryway*Recessed Lighting in Living/Dining Room and Kitchen*50 Amp Outlet in Garage*Wash Tub hookup in Laundry Room*50 Gallon Gas Water Heater*Water closet in Primary Bath*Coded Keyless entry*Water Filtration System hook up*Marble windowsills*Rainbird Sprinklers*Trek Termite & In Wall Pest System*Partially fenced*ENERGY STAR CERTIFIED AND NATIONAL GREEN BUILDING CERTIFIED!
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Location
Property Details
Parking
- Description: Garage
- Details: Driveway, Electric Vehicle Charging Station(s), Garage Door Opener, Other, Oversized, Attached
- Garage Spaces: 2
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 3
Bathroom Information
- # of Baths (Full): 2
- # of Baths (Total): 2.0
Interior Features
- # of Rooms: 8
- # of Stories: 1
Exterior Features
- Exterior Walls Materials: Stucco
- Foundation: Slab
- Roof Type: Gable or Hip
- Roof Material: Shingle
HOA
- Has HOA: Yes
- Association: Maria Rodriguez
- HOA Fee: $171/quarterly
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: U342820C0J000002000160
- Lot Size: 6000 sqft
Property Information
- Property Type: Single Family Residence
- Year Built: 2021
Tax Information
- Annual Tax: $4,704
Utilities
- Water & Sewer: Public
- Heating: Heat Pump
- Cooling: Central Air
Location
- County: Hillsborough
Listing Details
Investment Summary
- Monthly Cash Flow
- -$1,080
- Cap Rate
- 3.5%
- Cash-on-Cash Return
- -12.1%
- Debt Coverage Ratio
- 0.55
- Internal Rate of Return (5 years)
- -7.7%
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:
| $464,500 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$371,600 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $92,900 |
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:
| $13,935 |
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:
| $106,835 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 2,080 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $223 |
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:
| $1.25 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $371,600 |
|---|---|
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:
| $2,425 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $392 |
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:
| $182 |
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:
| $2,999 |
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:
| $2,600 | $31,200 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$156 | -$1,872 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $2,444 | $29,328 |
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% | -$392 | -$4,704 |
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% | -$182 | -$2,184 |
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% | -$208 | -$2,496 |
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% | -$130 | -$1,560 |
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% | -$130 | -$1,560 |
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. | 2% | -$57 | -$684 |
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 | 42% | -$1,099 | -$13,188 |
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:
| $1,345 | $16,140 |
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. | -$2,425 | -$29,100 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $1,080 | $12,960 |