$748,400
Investment Summary
- Monthly Cash Flow
- -$1,829
- Cap Rate
- 3.2%
- Cash-on-Cash Return
- -12.8%
- Debt Coverage Ratio
- 0.52
- Internal Rate of Return (5 years)
- -8.3%
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
NEW PICTURES** Discover an exceptional gem in the heart of Carrollwood Village, nestled within the tranquil community of Stonegate. A picturesque landscape and meticulously manicured lawn welcome you home, leading to elegant double front doors that make a striking first impression. Step inside to soaring vaulted ceilings and travertine floors that flow throughout the main living areas. NEW A/C 1 Year! NEW Roof 2 Years! This stunning single-story pool home offers 2,850 square feet of thoughtfully designed living space. It features 4 spacious bedrooms, 2.5 bathrooms, and a 2-car garage, plus an additional outdoor pool shower and bath—perfectly crafted for both comfort and functionality. Beyond the foyer, the spacious dining and living rooms boast soaring ceilings and flow seamlessly into the stunning gourmet kitchen (Just Painted). A double doorway opening off the living room opens into a versatile bonus room, perfect for a playroom, or additional living space. Elegantly finished with Venetian plaster, the kitchen has rich wood cabinets with crown molding. Granite countertops and a classic tile backsplash enhance the kitchen’s charm, while the layout wraps around to reveal a built-in desk area and a pantry with pull-out shelving for optimal organization. At the heart of the kitchen is a 12 foot center island with a breakfast bar, crowned by a hanging pot rack. A full suite of appliances and a cozy café area—with sliding glass doors to the bonus room—complete this well-appointed space. Adjacent to the kitchen, the family room invites comfort with its wood-burning fireplace—set on a travertine platform and framed by a dramatic stone surround that rises to the ceiling—complemented by abundant built-in bookcases. Double doors off the foyer open to the spacious primary suite, which features a sitting area, a doorway to the bonus room and a luxurious ensuite bath. The bath features dual vanities with granite countertops and undermount sinks, a built-in linen tower, a double-size tiled walk-in shower, a private water closet, and a California Organized walk-in closet. The bonus room provides access to the oversized screened lanai and pool deck—perfect for relaxing or entertaining. Take a dip in the expansive chlorinated pool and enjoy tranquil bass filled pond views. The backyard is lined with mature trees and 15’ hedges for privacy with an open patio area for lounging. The inside laundry room offers convenience with a base cabinet, utility sink, and washer/dryer hookups. Additional features include a RING doorbell, NEST thermostat, a Rheem WiFi-enabled water heater (new in 2021), and a water softener—all enhancing comfort and efficiency throughout the home. Carrollwood Village offers an exceptional lifestyle with a wide array of amenities, beautifully landscaped common areas, sidewalks, and reclaimed water. Residents enjoy a strong sense of community supported by a Cultural Center and a vibrant calendar of events throughout the year. The 21-acre Carrollwood Village Park includes adult challenge courses, scenic walking/jogging trails, a splash pad, boardwalk, dog park, fishing pier, soccer fields, cooling fountains, tennis and pickleball courts, skate track, and arboretum—offering something for everyone. Don’t miss the opportunity to make this beautiful home yours in the heart of the centrally located, amenity-rich community of Carrollwood Village.
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Location
Property Details
Parking
- Description: Garage
- Details: Driveway, Garage Door Opener, Attached
- Garage Spaces: 2
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 4
Bathroom Information
- # of Baths (Full): 2
- # of Baths (Total): 3.0
Interior Features
- # of Rooms: 9
- # of Stories: 1
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Stucco
- Foundation: Slab
- Roof Type: Gable or Hip
- Roof Material: Shingle
- Pool: Yes
HOA
- Has HOA: Yes
- Association: GREENACRE PROPERTIES
- HOA Fee: $670/annually
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: U0628180W3000001000100
- Lot Size: 8647 sqft
Property Information
- Property Type: Single Family Residence
- Style: Ranch
- Year Built: 1986
Tax Information
- Annual Tax: $4,248
Utilities
- Water & Sewer: Public
- Heating: Central, Electric
- Cooling: Central Air
Location
- County: Hillsborough
Listing Details
Investment Summary
- Monthly Cash Flow
- -$1,829
- Cap Rate
- 3.2%
- Cash-on-Cash Return
- -12.8%
- Debt Coverage Ratio
- 0.52
- Internal Rate of Return (5 years)
- -8.3%
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:
| $748,400 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$598,720 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $149,680 |
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:
| $22,452 |
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:
| $172,132 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 2,850 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $263 |
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:
| $1.23 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $598,720 |
|---|---|
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:
| $3,834 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $354 |
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:
| $245 |
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:
| $4,433 |
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:
| $3,500 | $42,000 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$210 | -$2,520 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $3,290 | $39,480 |
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. | 10% | -$354 | -$4,248 |
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% | -$245 | -$2,940 |
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% | -$280 | -$3,360 |
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% | -$175 | -$2,100 |
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% | -$175 | -$2,100 |
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% | -$56 | -$672 |
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 | 37% | -$1,285 | -$15,420 |
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:
| $2,005 | $24,060 |
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. | -$3,834 | -$46,008 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $1,829 | $21,948 |