$2,500,000
Investment Summary
- Monthly Cash Flow
- -$10,581
- Cap Rate
- 1.1%
- Cash-on-Cash Return
- -22.1%
- Debt Coverage Ratio
- 0.17
- Internal Rate of Return (5 years)
- -17.3%
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 a developer's paradise, where the canvas of opportunity unfolds on a sprawling 10-acre plot in the heart of the flourishing Connected City of Wesley Chapel. This prime real estate isn't just land; it's a golden ticket to unlock the potential of townhouse/mixed use project excellence. The stage is set – the spotlight is on you! Potentially we can assemble 65-95 acres for a larger townhome/mixed use development. Or existing AC zoning allows schools, solar farms, churches (religious facilities), and civic organization buildings. Special exception uses: cemeteries, golf courses, day-care centers, and private schools. Strategically positioned near Epperson Ranch, Mirada, and Watergrass, this gem is a strategic cornerstone for visionary developers. Connectivity is key, and this location boasts easy access to the Interstate 75 ramp at Overpass Road, laying the groundwork for a seamless lifestyle for future townhouse residents. The nearby county recreation center adds a touch of recreational charm, enhancing the overall appeal of your future project. Less than a mile from the new, 56-bed Johns Hopkins All Children's hospital that broke ground and is expected to open in 2027. Nestled in the heart of the Community Hub Spa Zone in the thriving Connected City, this parcel is not just land; it's the gateway to your next success story. Step into the embrace of nature with a conservation area adorned by majestic oak trees, providing the perfect backdrop for sustainable development and a touch of rustic charm. With large oaks dotting the landscape, the ambiance of the property is one of natural elegance, creating a serene haven for future residents. Approximately 5.1 acres of this sprawling 10-acre gem are ready to be transformed into a haven of townhome/mixed use excellence. Whether you envision a modern enclave or a charming community nestled within nature's embrace, the possibilities are as vast as the land itself. For those with a keen eye for expansion, seize the opportunity to explore contiguous parcels, allowing for a grand 95+acre canvas to paint your vision of the future. The potential for a seamless transition from vision to reality is unprecedented. However, let's not just talk about the acreage – let the figures speak for themselves. Buyers and buyers' agents, rest assured, as we provide transparent information. While approximately 5.1 acres are marked for development, the potential for density and the usable acreage is a matter that should be explored with the guidance of your own engineering firms. Your vision deserves nothing less than the most accurate and reliable information. Unleash your creativity, unlock the potential, and make your mark on Elam Road. This is more than just a piece of land; it's an investment in a future where innovation, nature, and community converge. Secure your piece of the Connected City today, and let the legacy of 30737 Elam Road begin! A potential assemblage with neighbors for a 65-95 acre complex is also available. All sheds/carports/storage will be removed from the property after closing (5 months post closing move out requested). Sold as is. Buyers/Buyers agents-do not rely on any representations of acreage size, usable acreage or density estimates from listing agent or sellers. Contact an engineer for your own due diligence. Seller is removing shed, barn, carports, lights and ceiling fans. DO NOT DRIVE ON PROPERTY. APPOINTMENT ONLY!
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Location
Property Details
Parking
- Garage Spaces: 0
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 3
Bathroom Information
- # of Baths (Full): 2
- # of Baths (Total): 2.0
Interior Features
- # of Rooms: 4
- # of Stories: 1
- Fireplace: Yes
Exterior Features
- Foundation: Slab
- Roof Material: Shingle
- Pool: Yes
Land Information
- Land Use: Residential
- Land Use Subtype: Multi-Family Dwellings (any combination 2+)
Lot Information
- Parcel ID: 282520000000400002102
- Lot Size: 435600 sqft
Property Information
- Property Type: Single Family Residence
- Style: Ranch
- Year Built: 2005
Tax Information
- Annual Tax: $5,590
Utilities
- Water & Sewer: Private, Well
- Heating: Electric
- Cooling: Central Air
Location
- County: Pasco
Listing Details
Investment Summary
- Monthly Cash Flow
- -$10,581
- Cap Rate
- 1.1%
- Cash-on-Cash Return
- -22.1%
- Debt Coverage Ratio
- 0.17
- Internal Rate of Return (5 years)
- -17.3%
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:
| $2,500,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$2,000,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $500,000 |
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:
| $75,000 |
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:
| $575,000 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 2,309 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $1,083 |
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:
| $1.69 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $2,000,000 |
|---|---|
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:
| 6.625% |
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:
| $12,806 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $466 |
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:
| $273 |
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:
| $13,545 |
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:
| $3,900 | $46,800 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$234 | -$2,808 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $3,666 | $43,992 |
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. | 12% | -$466 | -$5,590 |
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% | -$273 | -$3,276 |
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% | -$312 | -$3,744 |
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% | -$195 | -$2,340 |
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% | -$195 | -$2,340 |
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 | 37% | -$1,441 | -$17,290 |
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:
| $2,225 | $26,700 |
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. | -$12,806 | -$153,672 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $10,581 | $126,972 |