$3,400,000
Investment Summary
- Monthly Cash Flow
- -$13,939
- Cap Rate
- 1.4%
- Cash-on-Cash Return
- -21.4%
- Debt Coverage Ratio
- 0.22
- Internal Rate of Return (5 years)
- -16.7%
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
THE LARGEST LOT IN LADERA ESTATES WITH OVER 300 FEET OF LAKE FRONTAGE! Welcome to luxury lakefront living at its finest in the exclusive, gated community of Ladera. This extraordinary estate combines timeless elegance with resort-style amenities—all designed to impress even the most discerning buyer. From the moment you arrive, you’ll be captivated by the beautiful scroll-designed French doors that open into a grand two-story foyer with classic wood floors, tray ceilings, and sweeping lake views framed by a dramatic floor-to-ceiling picture window. The open threshold above creates architectural depth, while designer lighting, detailed crown molding, a striking stone fireplace, and a stunning wrought iron staircase set the tone for elegant living. The heart of the home is the chef’s kitchen, crafted to accommodate dual culinary masters with a 4-burner Wolf range with integrated grill, a separate 6-burner Wolf range with double ovens and pot filler, Sub-Zero and Fisher & Paykel appliances, custom wood cabinetry, and an oversized hidden walk-in pantry complete with a wine fridge. A spacious layout makes it ideal for entertaining, flowing seamlessly into the living room with custom built-ins and brand-new 10-foot sliding impact glass doors that open up to a breathtaking outdoor oasis. Step outside to experience true Florida resort-style living. The gas-heated, 12-foot-deep pool is a showstopper, complete with a rock waterfall, spa, sun shelf, swim-up dining table, and ambient misters to keep bugs at bay. The covered lanai features a fully equipped outdoor kitchen, a cozy gas fireplace, and a pool bath with a sauna and steam shower for the ultimate relaxation experience. Upstairs, you’ll find an expansive game and media room with a new projector and screen, along with a large bar area featuring brand-new mounted TVs that will convey. This space opens to a private balcony overlooking the pool and lake, complete with its own gas fireplace and a spiral staircase that connects directly to the outdoor entertaining space below. The primary suite is a serene escape with oversized bay windows offering panoramic lake and pool views. A romantic double-sided gas fireplace separates the bedroom from a cozy sitting area, and the spa-like ensuite bath boasts an oversized marble shower with four shower heads, a large marble bench, a deep soaking tub, and dual vanities with marble countertops. Each additional bedroom in the home includes ensuite bathrooms and walk-in closets, providing comfort and privacy for family and guests alike. Plantation shutters throughout add a timeless touch, and there are optional laundry hookups in an upstairs closet for added convenience. A large office with French glass doors and built-in shelving offers the perfect remote workspace, while the garage features overhead storage, central vacuum, and a built-in shoe closet by the entry. Additional upgrades include a new roof (2020), whole-house surround sound—including the pool and lanai—new exterior lighting, two recently replaced pool pumps, and a whole-house security system with cameras that will convey with the home. This exceptional residence blends craftsmanship, comfort, and an unrivaled setting to deliver one of the most unique lakefront properties available in Lutz. Don’t miss the opportunity to own a true masterpiece in the heart of Ladera.
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Location
Property Details
Parking
- Description: Garage
- Details: Driveway, Garage Door Opener, Garage Faces Side, Off Street, Oversized, Attached
- Garage Spaces: 4
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 5
Bathroom Information
- # of Baths (Full): 5
- # of Baths (Partial): 2
- # of Baths (Total): 7.0
Interior Features
- # of Rooms: 11
- # of Stories: 2
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Stucco
- Foundation: Slab
- Roof Type: Gable or Hip
- Roof Material: Tile
- Pool: Yes
HOA
- Has HOA: Yes
- Association: Kristy Porter / Greenacre Properties
- HOA Fee: $932/quarterly
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: U22271895Q000000001340
- Lot Size: 58925 sqft
Property Information
- Property Type: Single Family Residence
- Style: Mediterranean, Traditional
- Year Built: 2008
Tax Information
- Annual Tax: $23,562
Utilities
- Water & Sewer: Public
- Heating: Electric
- Cooling: Central Air, Zoned
Location
- County: Hillsborough
Listing Details
Investment Summary
- Monthly Cash Flow
- -$13,939
- Cap Rate
- 1.4%
- Cash-on-Cash Return
- -21.4%
- Debt Coverage Ratio
- 0.22
- Internal Rate of Return (5 years)
- -16.7%
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:
| $3,400,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$2,720,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $680,000 |
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:
| $102,000 |
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:
| $782,000 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 7,969 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $427 |
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:
| $1.12 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $2,720,000 |
|---|---|
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:
| 6.840% |
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:
| $17,805 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $1,964 |
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:
| $623 |
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:
| $20,392 |
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:
| $8,900 | $106,800 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$534 | -$6,408 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $8,366 | $100,392 |
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. | 22% | -$1,964 | -$23,562 |
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% | -$623 | -$7,476 |
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% | -$712 | -$8,544 |
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% | -$445 | -$5,340 |
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% | -$445 | -$5,340 |
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. | 3% | -$311 | -$3,732 |
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 | 51% | -$4,500 | -$53,994 |
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:
| $3,866 | $46,392 |
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. | -$17,805 | -$213,660 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $13,939 | $167,268 |