$290,000
Investment Summary
- Monthly Cash Flow
- -$489
- Cap Rate
- 4.3%
- Cash-on-Cash Return
- -8.8%
- Debt Coverage Ratio
- 0.68
- Internal Rate of Return (5 years)
- -4.5%
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
Welcome to your beautifully REMODELED MOVE-IN READY TOWNHOME offering peace, privacy, & PICTURESQUE NATURE VIEWS! This spacious 2-BED+LOFT, 2.5-BATH with an ATTACHED GARAGE has been thoughtfully updated with $80K IN UPGRADES & is nestled in a tranquil setting with SERENE WOODED VIEWS OVERLOOKING A CREEK TEEMNG WITH WILDLIFE—from otters to a variety of birds. Located JUST STEPS FROM THE COMMUNITY POOL AND SPA, this home blends modern convenience with a peaceful, natural backdrop. Step inside through the SCREENED FRONT PORCH into a welcoming foyer with an UPDATED 1/2 BATH & STUNNING BAMBOO FLOORS that flow throughout the home. The OPEN FLOOR PLAN features a REMODELED KITCHEN that’s been opened up to maximize space & function, boasting white shaker cabinetry, tile backsplash, soft-close deep pot drawers, granite countertops, French door fridge, range, built-in microwave, dishwasher, & beverage cooler. A LARGE WALK-IN PANTRY & breakfast bar for barstool seating complete the space. The kitchen opens seamlessly to the dining room with sliders leading to a MASSIVE SCREENED LANAI, perfect for enjoying Florida’s indoor-outdoor lifestyle. The living room features soaring cathedral ceilings, an extra-large window, & skylight (replaced 4 years ago) that brings in more natural light. Cozy up by the wood-burning fireplace or step through the French door onto the lanai for a peaceful morning coffee. Upstairs, a versatile LOFT WITH BUILT-IN BOOKSHELVES OFFERS THE PERFECT SPACE FOR A HOME OFFICE OR SITTING AREA for reading your favorite book & overlooks the living space below. The PRIMARY SUITE is a relaxing retreat with SLIDERS TO A PRIVATE BALCONY, a widened EN SUITE BATH featuring white shaker cabinets, granite counters with a glass vessel sink, WALK-IN CLOSET, & a step-in shower with rainfall & pull-down sprayers. The 2ND BEDROOM IS EQUALLY SPACIOUS with DUAL CLOSETS, an additional linen closet, & its own PRIVATE EN SUITE BATH with a tub/shower combo. The ATTACHED GARAGE includes built-in cabinetry, WASHER/DRYER, & a utility sink. Upgrades include: BRAND NEW HURRICANE IMPACT WINDOWS (2024), ALL SLIDERS & DOORS REPLACED (2019), HVAC (2023), ALL NEW DUCTWORK UPSTAIRS (2024), UPDATED ELECTRICAL PANEL, UPDATED WATER SOFTENER, & BRAND NEW HOT WATER HEATER (2024). ROOF REPLACED BY HOA IN 2020. HOA is currently in the process of scheduling the replacing of siding, screens, lanai floors, & any rotted wood. Pool deck & railings will also be repaired. New roads & sidewalks on Whitney Rd expected to be completed by 2026. SELLER WILL COVER ANY OUTSTANDING ASSESSMENTS AT CLOSING. HOA FEES COVER: BASIC CABLE, INTERNET, BUILDING & FLOOD INSURANCE, EXTERIOR MAINTENANCE INCLUDING ROOF, POOL/SPA MAINTENANCE, EXTERIOR PEST CONTROL, MANAGEMENT & MORE. Enjoy NO HOA FEES FOR THE REST OF 2025—seller will pay them with an acceptable offer! In addition to the garage, a private driveway & guest spaces close by offer more parking. Enjoy an active lifestyle with LARGO DATSKO PARK just under a mile away—offering SHADED NATURE WALKING TRAILS, OUTDOOR FITNESS EQUIPMENT, PLAYGROUND, BASKETBALL & VOLLEYBALL COURTS, PICNIC TABLES & GRILLS. Centrally located just 7 MIN TO ST. PETE-CLEARWATER AIRPORT, 15-20 MIN to BELLEAIR BEACH & CLEARWATER BEACH, 5 MIN to Northeast Dog Park, 10 MIN TO LARGO CENTRAL PARK, 25 MIN to TAMPA INTERNATIONAL AIRPORT & convenient to tons of shopping & dining options. Don't miss the opportunity to make this your new home! HOME HAD NO FLOODING IN HURRICANE!
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Location
Property Details
Parking
- Description: Garage
- Details: Driveway, Garage Door Opener, Guest, Attached
- Garage Spaces: 1
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 2
Bathroom Information
- # of Baths (Full): 2
- # of Baths (Partial): 1
- # of Baths (Total): 3.0
Interior Features
- # of Rooms: 9
- # of Stories: 2
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Wood
- Foundation: Slab
- Roof Material: Shingle
- Pool Community: Yes
HOA
- Has HOA: Yes
- Association: Associa Gulf Coast - Melissa Washburn
- HOA Fee: $644/monthly
Land Information
- Land Use: Residential
- Land Use Subtype: Planned Unit Development
Lot Information
- Parcel ID: 322916013300000150
- Lot Size: 2439 sqft
Property Information
- Property Type: Townhouse
- Style: Traditional
- Year Built: 1984
Tax Information
- Annual Tax: $614
Utilities
- Water & Sewer: Public
- Heating: Central, Electric
- Cooling: Central Air
Location
- County: Pinellas
Listing Details
Investment Summary
- Monthly Cash Flow
- -$489
- Cap Rate
- 4.3%
- Cash-on-Cash Return
- -8.8%
- Debt Coverage Ratio
- 0.68
- Internal Rate of Return (5 years)
- -4.5%
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:
| $290,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$232,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $58,000 |
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:
| $8,700 |
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:
| $66,700 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 1,425 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $204 |
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:
| $1.75 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $232,000 |
|---|---|
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:
| $1,519 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $51 |
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:
| $1,745 |
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. | 2% | -$51 | -$614 |
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. | 26% | -$644 | -$7,728 |
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 | 53% | -$1,320 | -$15,842 |
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:
| $1,030 | $12,360 |
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. | -$1,519 | -$18,228 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $489 | $5,868 |