$659,900
Investment Summary
- Monthly Cash Flow
- -$1,245
- Cap Rate
- 3.9%
- Cash-on-Cash Return
- -9.8%
- Debt Coverage Ratio
- 0.63
- Internal Rate of Return (5 years)
- -5.5%
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
This beautifully maintained 4-bedroom, 2-bath pool home is nestled in the sought-after community of Eagle Ridge at Boot Ranch. With its fresh curb appeal, lush landscaping, and evident pride of ownership, this home offers the perfect blend of comfort, style, and Florida living. A wide driveway leads to the spacious 2-car garage, while the manicured front lawn is dotted with mature palms and a charming covered front porch. Stately double doors open into a bright foyer, where soaring ceilings, a geometric light fixture, and natural light set the tone for the inviting interior. Rich wood-look tile flooring flows throughout the main living spaces, offering durability with timeless style. Just off the entry, the formal living room welcomes you with peaceful views of the palm-lined street. In contrast, the open-concept dining room is framed by sliding glass doors and a classic chandelier, perfect for entertaining or casual meals with a poolside backdrop. The kitchen is both stylish and functional, featuring warm wood cabinetry, granite counters, a mosaic tile backsplash, stainless steel appliances, and under cabinet lighting. A built-in wine rack adds flair, while the long breakfast bar opens to the family room and overlooks the pool—ideal for easy indoor-outdoor living. The family room centers around a cozy fireplace—converted to electric in 2025 for ambiance without the mess—and has direct access to the lanai. Vaulted ceilings and clean lines enhance the open, airy layout. Step outside to your private oasis: a spacious screened lanai with ceiling fans, a sparkling in-ground pool with blue tile accents, and a brand-new vinyl privacy fence (2025). The backyard is dotted with Florida-friendly landscaping, including a fragrant honeysuckle tree with a charming arbor, a vibrant fire bush, and a flourishing lime tree, adding color, character, and a touch of tropical flavor to your outdoor oasis. Whether you're enjoying a morning swim, dining alfresco, or entertaining, this backyard is designed for year-round enjoyment. The covered patio includes a Trade-Wind stainless steel BBQ range hood, ready for your dream summer kitchen setup. The split-bedroom layout ensures privacy, with the primary suite tucked away for peace and quiet. This generous space features vaulted ceilings, plush carpet, sliding doors to the pool, and room for a king-sized bed. The ensuite bathroom includes dual vanities with granite tops, a deep soaking tub beneath a transom window, a walk-in shower, and a private water closet—ready for your personal touches. Bedrooms 2, 3, and 4 are all comfortably sized with ceiling fans, large closets, and neutral finishes—perfect for guests, a home office, or growing households. The second full bath is light, bright, and pool-friendly, featuring outdoor access, a spacious vanity, and a tub/shower combination. Inside laundry includes upper shelving, utility sink, and washer/dryer hookups—all on easy-care wood-look flooring. Additional upgrades include a new roof (2022), A/C + Air handler (2018), 50 Gal Water Heater, Pelican Whole House Water Filter (2019) , New insulated Garage Door (2019), New Vinyl Fence (2025), Exterior Paint (2025) Located minutes from John Chesnut Park, the Pinellas Trail, top-rated schools, restaurants, shops, and convenient commuter routes like Tampa Road and US-19—this home offers the Florida lifestyle you’ve been dreaming of.
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Location
Property Details
Parking
- Description: Garage Door Opener
- 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): 2.0
Interior Features
- # of Rooms: 12
- # of Stories: 1
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Stucco
- Foundation: Concrete Perimeter
- Roof Type: Gable
- Roof Material: Shingle
- Pool: Yes
HOA
- Has HOA: Yes
- Association: Eagle Ridge at Boot Ridge/Dana Stacy
- HOA Fee: $220/quarterly
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 042816103200000670
- Lot Size: 8242 sqft
Property Information
- Property Type: Single Family Residence
- Style: Florida
- Year Built: 1989
Tax Information
- Annual Tax: $3,309
Utilities
- Water & Sewer: Public
- Heating: Central
- Cooling: Central Air
Location
- County: Pinellas
Listing Details
Investment Summary
- Monthly Cash Flow
- -$1,245
- Cap Rate
- 3.9%
- Cash-on-Cash Return
- -9.8%
- Debt Coverage Ratio
- 0.63
- Internal Rate of Return (5 years)
- -5.5%
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:
| $659,900 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$527,920 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $131,980 |
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:
| $19,797 |
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:
| $151,777 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 2,247 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $294 |
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:
| $1.60 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $527,920 |
|---|---|
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:
| $3,380 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $276 |
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:
| $252 |
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:
| $3,908 |
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:
| $3,600 | $43,200 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$216 | -$2,592 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $3,384 | $40,608 |
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. | 8% | -$276 | -$3,310 |
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% | -$252 | -$3,024 |
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% | -$288 | -$3,456 |
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% | -$180 | -$2,160 |
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% | -$180 | -$2,160 |
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% | -$73 | -$876 |
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 | 35% | -$1,249 | -$14,986 |
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:
| $2,135 | $25,620 |
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. | -$3,380 | -$40,560 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $1,245 | $14,940 |