$450,000
Investment Summary
- Monthly Cash Flow
- -$984
- Cap Rate
- 3.6%
- Cash-on-Cash Return
- -11.4%
- Debt Coverage Ratio
- 0.58
- Internal Rate of Return (5 years)
- -7.0%
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
Turn-Key two-story family home in the desirable Live Oak Preserve community. This spacious 4-bedroom, 3-bathroom residence offers the perfect blend of functionality and elegance for modern family living. You enter through the foyer, and you immediately notice the beautiful porcelain plank tiles that flow throughout the first floor, creating a cohesive aesthetic. To your left, a versatile dining room awaits, featuring neutral tones and an elegant 5-light shaded classic brushed nickel chandelier. This flexible space could easily serve as a formal living room or home office, depending on your family's needs. The heart of this home is undoubtedly the open-concept kitchen and family room area—ideal for entertaining and everyday family gatherings. The kitchen boasts rich ebony wood cabinetry complemented by stunning granite countertops. A complete suite of GE clean-steel appliances includes a French door refrigerator with ice maker and water dispenser, dishwasher, range, and microwave. The centerpiece island features comfortable seating for 3-4, topped with granite and equipped with a stainless steel sink. Stylish pendant lights hang above, while recessed lighting throughout provides abundant illumination. The adjoining family room continues the porcelain plank tile flooring and neutral color palette, enhanced by a cooling ceiling fan. Sliding glass doors connect this space to the partially covered, screened-in lanai—a perfect spot for outdoor relaxation in the shade. Also on the first floor, you'll find the fourth bedroom with matching porcelain tile, neutral walls, ceiling fan with light kit, and the convenience of a walk-in closet. A full bathroom with tile flooring, mirrored vanity with storage, and tub/shower combination completes this level, along with a well-equipped laundry room featuring GE washer and dryer and additional shelving. On the second floor, you'll discover a spacious loft area with handsome wood flooring—an incredibly versatile bonus space perfect for a media room, home gym, game room, or office. The primary bedroom suite features wood floors, soothing neutral tones, and a ceiling fan with light kit. This generous space offers the luxury of two walk-in closets and an ensuite bathroom designed for relaxation. The primary bath showcases a dual-sink vanity with mirrored wood cabinetry, granite countertops, and downlight fixtures. A garden soaking tub and separate glass-enclosed walk-in shower complete this spa-like space, all wrapped in calming neutral tones. Two additional upstairs bedrooms feature wood flooring, ceiling fans with light kits, and ample closet space—one with a walk-in closet and the other with a built-in design. They share a well-appointed bathroom with dual sinks, mirrored wood vanity, granite countertop, and a tub/shower combination. Location is another significant advantage of this exceptional property. Live Oak Preserve places you just minutes from Wiregrass Mall and within a highly-rated school district, with schools conveniently located just outside the community gates. Residents enjoy access to resort-style amenities including a pool, tennis and basketball courts, playground, and fitness center. This thoughtfully designed home offers the perfect balance of private retreats and gathering spaces for your family to create lasting memories together.
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Location
Property Details
Parking
- Description: Garage
- Details: Attached
- Garage Spaces: 2
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 4
Bathroom Information
- # of Baths (Full): 3
- # of Baths (Total): 3.0
Interior Features
- # of Rooms: 14
- # of Stories: 2
Exterior Features
- Exterior Walls Materials: Stucco
- Foundation: Slab
- Roof Type: Gable or Hip
- Roof Material: Shingle
HOA
- Has HOA: Yes
- Association: Greenacre Property Inc.
- HOA Fee: $19/monthly
- Additional Association: LIVE OAK PRESERVE
- Additional HOA Fee: $130/monthly
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: U05272084X000091000340
- Lot Size: 6250 sqft
Property Information
- Property Type: Single Family Residence
- Style: Traditional
- Year Built: 2012
Tax Information
- Annual Tax: $5,012
Utilities
- Water & Sewer: Public
- Heating: Central
- Cooling: Central Air
Location
- County: Hillsborough
Listing Details
Investment Summary
- Monthly Cash Flow
- -$984
- Cap Rate
- 3.6%
- Cash-on-Cash Return
- -11.4%
- Debt Coverage Ratio
- 0.58
- Internal Rate of Return (5 years)
- -7.0%
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:
| 2,546 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $177 |
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:
| $1.10 |
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:
| $418 |
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:
| $196 |
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:
| $2,963 |
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:
| $2,800 | $33,600 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$168 | -$2,016 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $2,632 | $31,584 |
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. | 15% | -$418 | -$5,012 |
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% | -$196 | -$2,352 |
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% | -$224 | -$2,688 |
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% | -$140 | -$1,680 |
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% | -$140 | -$1,680 |
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. | 5% | -$149 | -$1,788 |
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 | 45% | -$1,267 | -$15,200 |
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:
| $1,365 | $16,380 |
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 | $984 | $11,808 |