$5,390,000
Investment Summary
- Monthly Cash Flow
- -$23,740
- Cap Rate
- 0.9%
- Cash-on-Cash Return
- -23.0%
- Debt Coverage Ratio
- 0.14
- Internal Rate of Return (5 years)
- -18.2%
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
Experience the epitome of luxury nestled inside the prestigious gated Avila Community. This exquisitely updated residence boasts an array of custom features, starting with a breathtaking entrance that leads you over a serene reflection pool featuring a striking glass sphere fountain. As you step through the handcrafted steel doors, you're welcomed by a dynamic two-story foyer featuring a stunning curved stairwell, floor to ceiling millwork, and handcrafted crystal chandeliers setting the stage for the exquisite craftsmanship found throughout the home. The formal living room offers panoramic views of your backyard paradise, highlighted by a two-story fireplace with marble insert that serves as a captivating centerpiece. The formal dining room exudes sophistication with its grasscloth wall coverings, bespoke chandelier, and dynamic cove lighting. Connect seamlessly to the gourmet kitchen through a custom wet bar. The kitchen is equipped with Thermadore Pro-line appliances, including a wine fridge, gas range with a separate steaming oven. The oversized marble top island is perfect for meal prep and bar seating, while featuring a 45-inch stainless steel Galley sink. The casual dining area offers a bright space to enjoy everyday meals. The family room invites you to unwind with its stunning book-matched marble feature wall, electric fireplace and lighted coves. The game room offers a full pool bath, generous custom storage, millwork and exotic marble counters creating an inviting space for leisure. Retreat to the master suite, complete with elegant wall coverings and a cozy sitting area. The master en suite bathroom is a spa-like experience featuring oversized soaking tub, rainfall shower with programmable body jets, all fully encased by book-matched marble slabs. Dual walk-in closets with lighted cabinetry provide ample space for all your storage needs. The laundry room is well-equipped with two sets of Electrolux washers and dryers, expansive marble countertops, double height cabinetry and a dog wash station. Also found on the main floor is an office and beautiful powder bath. The upper level features 5 guest bedrooms with one serving as an additional master suite. The three guest bathrooms all have marble counters, while two of them have full marble feature wall mosaics with brass inlay. Step outside to your award-winning outdoor sanctuary, designed by renowned pool architect Ryan Hughes. The covered lanai features stained hardwood ceilings, luxurious outdoor furniture, and a full dining area. Enjoy a custom-built outdoor kitchen complete with a Black Diamond grill, hibachi flattop, and electric pizza oven. The outdoor space is a true oasis, with a resort-style fully tiled pool, infinity edge spa, sunken fire pit area featuring an acrylic underwater viewing panel. This outdoor retreat is enhanced by marble decking and breathtaking water features, including multiple waterfalls and a serene koi pond with a complete turf yard and a putting green. The entire property is encircled by a privacy wall, and multi camera security system enhanced by automatic gates flanking each side of the circular driveway. Detached in-law suite fully remodeled.. The garage has ample storage for vehicles or other belongings. Additional Features include smart home systems and high-impact windows. The exceptional blend of modern comfort and timeless elegance has been meticulously designed to capture the beauty of its surroundings while providing unparalleled luxury.
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Location
Property Details
Parking
- Description: Garage
- Details: Attached
- Garage Spaces: 2
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 6
Bathroom Information
- # of Baths (Full): 5
- # of Baths (Partial): 1
- # of Baths (Total): 6.0
Interior Features
- # of Rooms: 3
- # of Stories: 2
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Brick
- Foundation: Slab
- Roof Type: Gable or Hip
- Roof Material: Other
- Pool: Yes
HOA
- Has HOA: Yes
- Association: Avila Property Owners Association
- HOA Fee: $7,171/annually
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: U2527180M1000006000030
- Lot Size: 27443 sqft
Property Information
- Property Type: Single Family Residence
- Year Built: 1998
Tax Information
- Annual Tax: $27,523
Utilities
- Water & Sewer: Public
- Heating: Central
- Cooling: Central Air
Location
- County: Hillsborough
Listing Details
Investment Summary
- Monthly Cash Flow
- -$23,740
- Cap Rate
- 0.9%
- Cash-on-Cash Return
- -23.0%
- Debt Coverage Ratio
- 0.14
- Internal Rate of Return (5 years)
- -18.2%
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:
| $5,390,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$4,312,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $1,078,000 |
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:
| $161,700 |
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:
| $1,239,700 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 6,508 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $828 |
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:
| $1.51 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $4,312,000 |
|---|---|
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:
| $27,610 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $2,294 |
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:
| $686 |
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:
| $30,590 |
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:
| $9,800 | $117,600 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$588 | -$7,056 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $9,212 | $110,544 |
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% | -$2,294 | -$27,523 |
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% | -$686 | -$8,232 |
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% | -$784 | -$9,408 |
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% | -$490 | -$5,880 |
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% | -$490 | -$5,880 |
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. | 6% | -$598 | -$7,176 |
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 | 55% | -$5,342 | -$64,099 |
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:
| $3,870 | $46,440 |
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. | -$27,610 | -$331,320 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $23,740 | $284,880 |