$787,000
Investment Summary
- Monthly Cash Flow
- -$2,106
- Cap Rate
- 2.9%
- Cash-on-Cash Return
- -14.0%
- Debt Coverage Ratio
- 0.48
- Internal Rate of Return (5 years)
- -9.5%
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
Stunning , UPDATED Home on 1.52 Acres in the highly esteemed and sought after community of Oak Ridge featuring a POOL, GUEST HOUSE, and MORE! This impressive, updated residence sits on a spacious 1.52-acre corner lot which spans the entire corner of the tranquil cul- de -sac offering maximum space and offers everything you could want for comfort, functionality, and entertaining. With a main house and a full guest house/mother-in-law suite, this property is ideal for multi-generational living or hosting guests. The main residence offers 1,825 Square feet of polished and sophisticated living with 3 spacious bedrooms, 2 modern bathroom, cathedral ceilings, wood burning fireplace, and has been fully updated and move in ready! The heart of the home is a bright, open kitchen with stunning backyard views, stainless steel appliances, a breakfast bar, and plenty of cabinets and counter space—perfect for the home chef. Cozy up by the wood-burning fireplace, or step through the sliding doors to your private saltwater pool with an Expansive resort-style tiki bar, ideal for entertaining all year round. The primary suite is a relaxing retreat with its own sliding doors to the pool area, a spacious walk-in closet with built-ins, and a luxurious ensuite bath featuring a double vanity and large shower with elevated finishes. You'll also enjoy the convenience of an indoor laundry room and an open dining area with poolside access. The guest house/mother-in-law suite offers 848 square feet of living space and is a home of its own, offering 2 bedrooms, 1 bathroom, a large kitchen, living room, laundry room, Covered parking and a screened-in porch—all fully updated and move-in ready. Outside, the possibilities are endless! Bring your RV, horses, chickens, or goats—with cross fencing already in place. Got Toys? There is space for all of them here! There's a spacious 20x30 metal building, ideal for tack storage, a workshop, additional storage, or to house additional vehicles, a boat, ATVs or a side by side. There is also a 24X27 block detached garage with parking for one car and ample space to create the ultimate man cave, state of the art gym, or personalized hobby studio! Ample parking available with both attached and detached garages, plus a spacious circular driveway- providing plenty of room for guests and extra vehicles. This property truly has it all—updated interiors, multiple living spaces, and outdoor amenities galore. Just pack your bags and move in! Other amazing features of this home: NEW Hurricane Impact WINDOWS 2025 main house and guest house , ROOF 2018 main house and guest house , Enhanced with added INSULATION for improved ENERGY EFFICIANCY 2023 main house and guest house , NEWER POOL PUMP /POOL SALT WATER SYSTEM 2022, WATER SOFTNER 2023 , NEWER WATER HEATER guest house 2022, and a NEWER AC 2023 main home. NO HOA NO FLOOD ZONE. The Oak Ridge is a community that offers a peaceful country setting while still being conveniently close to town amenities such as shopping , restaurants, and parks. Ideally located with east access to major thoroughfares , it provides easy and quick travel to Trinity, Tampa International Airport, Tampa, and Clearwater/St. Pete.
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Location
Property Details
Parking
- Description: Boat, Covered, Driveway, Oversized
- Details: Boat, Covered, Driveway, Oversized, RV Access/Parking, Attached
- Garage Spaces: 4
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 5
Bathroom Information
- # of Baths (Full): 3
- # of Baths (Total): 3.0
Interior Features
- # of Rooms: 3
- # of Stories: 1
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Concrete Block
- Foundation: Slab
- Roof Type: Gable
- Roof Material: Shingle
- Pool: Yes
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 2826160010000000400
- Lot Size: 66100 sqft
Property Information
- Property Type: Single Family Residence
- Year Built: 1977
Tax Information
- Annual Tax: $6,712
Utilities
- Water & Sewer: Private, Well
- Heating: Central
- Cooling: Central Air
Location
- County: Pasco
Listing Details
Investment Summary
- Monthly Cash Flow
- -$2,106
- Cap Rate
- 2.9%
- Cash-on-Cash Return
- -14.0%
- Debt Coverage Ratio
- 0.48
- Internal Rate of Return (5 years)
- -9.5%
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:
| $787,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$629,600 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $157,400 |
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:
| $23,610 |
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:
| $181,010 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 2,673 |
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:
| $1.35 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $629,600 |
|---|---|
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:
| $4,031 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $559 |
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:
| $4,842 |
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. | 16% | -$559 | -$6,713 |
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. | n/a | n/a | n/a |
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 | 41% | -$1,459 | -$17,513 |
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:
| $1,925 | $23,100 |
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. | -$4,031 | -$48,372 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $2,106 | $25,272 |