$450,000
Investment Summary
- Monthly Cash Flow
- -$1,080
- Cap Rate
- 3.4%
- Cash-on-Cash Return
- -12.5%
- Debt Coverage Ratio
- 0.54
- Internal Rate of Return (5 years)
- -8.1%
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
EXQUISITE 3 BEDROOM PLUS ADDITIONAL OFFICE in the Highly Sought After Heart Of New Tampa in the Luxurious GATED Community of Arbor Greene! So many upgrades!!! NEW ROOF NOV OF 2021, TANKLESS GAS WATER HEATER 2017, NEW A/C 2018, REMODEL IN 2023 WITH NEW STUNNING PRIMARY BATH REDO IN 2023 IS TRULY MAGNIFICENT, NEW CALIFORNIA CLOSET IN PRIMARY WALK IN 2023, NEW SECOND BATH COMPLETE REDO IN 2023, ALL NEW LUXURY VINYL PLANK FLOORING AND 5 1/4" BASEBOARDS THROUGHOUT MOST OF THE HOME IN 2023, NEW LIGHT FIXTURES 2023, NEW PLUMBING FIXTURES 2023, NEW ACCENT WALL AND INTERIOR PAINT 2023, NEW PLANTATION SHUTTERS 2023, NEW SCREENED LANAI 2023, NEW GARAGE DOOR OPENER ALL IN 2023!! From the stunning LVP floors to the absolutely MAGNIFICENT PRIMARY BATH REDO this house is FANTASTIC!! Beautiful Curb Appeal with the Craftsman Styling and Lush Landscaping front and back fully fenced for privacy. Wonderful Entrance into the Large Foyer with Additional MUDROOM AREA! DOUBLE GLASS FRENCH DOORS TO OFFICE, VOLUME CEILINGS, OPEN FLOOR PLAN WITH GIANT GREAT ROOM DESIGN. Kitchen Boasts 42" SOLID WOOD Cabinets with GLASS FRONTS, STAINLESS APPLIANCES w/5 BURNER GAS CONVECTION RANGE, FRENCH DOOR DOUBLE FREEZER IN DOOR WATER/ICE REFRIGERATOR, TILE BACKSPLASH 2023, UNDER CABINET LIGHTING 2025, WALK IN CORNER PANTRY. Primary Suite is a SANCTUARY w/DUAL WALK IN CLOSETS (One Finished with Built in California Closets) UNBELIEVABLE BATH FROM THE EXQUISITE TILE ALL THE WAY TO THE CEILING, TO THE NEW VANITY WITH GRANITE COUNTERS, UNDERMOUNT SINKS, DRAWER SPACE, SUMPTUOUS WALK IN SHOWER, OVERSIZED SOAKING TUB WITH A GLASS CHANDELIER, LARGE LINEN CLOSET AND PRIVATE TOILET ROOM! SECOND BATH IS COMPLETELY CHARMING WITH THE ART DECO FLOOR TILES, NEW VANITY, NEW LIGHTING, NEW TILE SURROUND, NEW SHELVING & PLANTATION SHUTTERS ON THE SINGLE FRENCH DOOR MAKING THIS A GREAT POOL BATH OPTION. LAUNDRY ROOM IS COMPLETE WITH SOLID WOOD CABINETRY AND WASHER/DRYER INCLUDED! THIS HOME IS A MUST SEE!! Arbor Greene is one of the BEST MASTER PLANNED COMMUNITIES AROUND FEATURING SOME OF THE BEST FACILITIES, ACCESS TO CLAY COURT LIGHTED TENNIS AND PICKLEBALL TEAMS, TWO POOLS, ONE RESORT AND ONE SPORT LAP POOL, AN AMAZING GYM AND WORKOUT FACILITY, MULTIPLE PLAYGROUNDS, EXCELLENT "A" RATED SCHOOLS AND SOME OF THE MOST PICTURESQUE VIEWS AND LANDSCAPE AROUND! So close to EVERYTHING without the Traffic of Wesley Chapel!! 2 Publix Supermarkets equally close by. Sprouts, Lotte Market, Aldi, Costco, Sams, Walmart, Target and More!! Located right on Cross Creek close to Morris Bridge and Bruce B Downs Excellent for Commuting. Located near the best Hospitals Advent Health, Moffitt, The VA & The Best Shopping with the Brand New Hunters Lake Plaza, The Shoppes at Wiregrass, The New Tampa Premium Outlets, Krate, The Grove at Wesley Chapel & MORE!! Have fun at the many Movie Theatres, The Main Event, Top Golf, Snow Cat Ridge & Center Ice, Over 10 Golf Courses within 20 minutes circumference. Close to USF, I 75 and a short trip to so much more!
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Location
Property Details
Parking
- Description: Garage Door Opener
- Details: Driveway, Garage Door Opener, 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: 11
- # of Stories: 1
Exterior Features
- Exterior Walls Materials: Stucco
- Foundation: Slab
- Roof Type: Gable or Hip
- Roof Material: Shingle
- Pool Community: Yes
HOA
- Has HOA: Yes
- Association: Terra Management
- Additional Association: Terra Management
- Additional HOA Fee: $110/annually
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: A1727205Q1000030000170
- Lot Size: 5500 sqft
Property Information
- Property Type: Single Family Residence
- Style: Craftsman
- Year Built: 2002
Tax Information
- Annual Tax: $5,368
Utilities
- Water & Sewer: Public
- Heating: Central, Electric, Heat Pump
- Cooling: Central Air
Location
- County: Hillsborough
Listing Details
Investment Summary
- Monthly Cash Flow
- -$1,080
- Cap Rate
- 3.4%
- Cash-on-Cash Return
- -12.5%
- Debt Coverage Ratio
- 0.54
- Internal Rate of Return (5 years)
- -8.1%
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:
| $450,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$360,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $90,000 |
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:
| $13,500 |
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:
| $103,500 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 1,736 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $259 |
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:
| $1.44 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $360,000 |
|---|---|
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:
| 6.810% |
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:
| $2,349 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $447 |
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:
| $175 |
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:
| $2,971 |
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:
| $2,500 | $30,000 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$150 | -$1,800 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $2,350 | $28,200 |
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. | 18% | -$447 | -$5,368 |
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% | -$175 | -$2,100 |
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% | -$200 | -$2,400 |
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% | -$125 | -$1,500 |
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% | -$125 | -$1,500 |
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. | 0% | -$9 | -$108 |
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 | 43% | -$1,081 | -$12,976 |
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:
| $1,269 | $15,228 |
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. | -$2,349 | -$28,188 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $1,080 | $12,960 |