$697,950
Investment Summary
- Monthly Cash Flow
- -$1,931
- Cap Rate
- 2.8%
- Cash-on-Cash Return
- -14.4%
- Debt Coverage Ratio
- 0.46
- Internal Rate of Return (5 years)
- -10.0%
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
Elegant and beautiful well-maintained amazing stately home you will notice that it is very different from the other houses in Wesley Chapel, Florida, with all the high-class interior finishes and upgrades worth $150,000 above the original price. Located within the GATED Windsor community of MEADOW POINTE in Wesley Chapel, FL The moment you enter, the ambiance is set with striking archway entries and 10-foot ceilings, which are further exasperated by the long, dramatic entry and hallway. These elements are complemented by tray ceilings with double crown molding and recessed lighting that guide you through the home with intention and elegance. The home’s design centers around an open entertainment space, encouraging connection and flow, while the split floor plan offers a thoughtful layout for those who seek privacy when needed. This beautiful house has upgraded ceramic tiles all over the house and natural engineered wood floors in the bedrooms and the loft/study. It has three bedrooms, a loft/study that can be used as fourth bedroom. It also has an office inside the house for those that need extra space. The house has high 10-foot ceilings, crown, and base moldings. The kitchen is an upgraded kitchen with forty-two-inch self-closing cabinets, crown molding and recessed lights on the ceiling and lights under the cabinets. There is a huge island in the kitchen with the sink and the dishwashing machine in it. The island has self-closing cabinets and electric power outlets in addition to a wine cooler refrigerator. The kitchen has upgraded back splash as well as a Kohler Vault kitchen sink and a hanging light fixture over the island. All appliances are upgraded; the refrigerator is twenty-five cubic feet; wall Oven/microwave, full out, self-closing shelves and much more. The house has been upgraded with wood floors, custom closets in each of the three bedrooms, light fixtures, ceiling fans, window plantation shutters, and a recently installed Trane HVAC unit that includes a ten-year transferable warranty. The living room area has great windows overlooking a nature conservation reservation area in the back with no back neighbors, ever. There is a formal dining room, ceramic tiles and a hanging light fixture, the kitchen island sits five and there is also a loft / study area available. The master bedroom is huge, almost eighteen feet by eighteen feet with ceiling recessed lights and a hanging light fixture. The master bedroom has high twelve-foot double-recessed ceilings and recessed lights. A private hallway, flanked by dual walk-in closets (his and hers) with custom cabinets with drawers, shelves and double hanging space areas preceding to the entrance of the spa-like en-suite bathroom that defines elegance. The Master Bath has a large soaking Jacuzzi massage tub and expansive walk-in shower with seating area, high ceiling bay, and a top rain shower head creating a setting that feels like a personal sanctuary, as well as double lavatory vanity with high quality cabinets and granite countertop. The other two bedrooms are twelve by eleven feet, and both have great built-in closets. All the rooms have naturally engineered wood floors. All the bathroom features are Kohler and Moen brand. There is a large porch which is completely tiled and overlooks a calm reservation area. This is a house that must be seen to appreciate all it offers since this beautiful home is not common in the market
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Location
Property Details
Parking
- Description: Garage
- Details: Driveway, Garage Door Opener
- Garage Spaces: 2
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 3
Bathroom Information
- # of Baths (Full): 2
- # of Baths (Total): 3.0
Interior Features
- # of Rooms: 12
- # of Stories: 1
Exterior Features
- Exterior Walls Materials: Concrete Block
- Foundation: Slab
- Roof Type: Gable
- Roof Material: Shingle
HOA
- Has HOA: Yes
- Association: Greenacre Properties, Inc.
- HOA Fee: $153/quarterly
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 2626200060066000090
- Lot Size: 8625 sqft
Property Information
- Property Type: Single Family Residence
- Year Built: 2015
Tax Information
- Annual Tax: $11,954
Utilities
- Water & Sewer: None
- Heating: Central
- Cooling: Central Air
Location
- County: Pasco
Listing Details
Investment Summary
- Monthly Cash Flow
- -$1,931
- Cap Rate
- 2.8%
- Cash-on-Cash Return
- -14.4%
- Debt Coverage Ratio
- 0.46
- Internal Rate of Return (5 years)
- -10.0%
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:
| $697,950 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$558,360 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $139,590 |
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:
| $20,939 |
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:
| $160,529 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 2,910 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $240 |
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:
| $1.34 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $558,360 |
|---|---|
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:
| $3,575 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $996 |
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:
| $4,844 |
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. | 26% | -$996 | -$11,954 |
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. | 1% | -$51 | -$612 |
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 | 52% | -$2,022 | -$24,266 |
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:
| $1,644 | $19,728 |
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. | -$3,575 | -$42,900 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $1,931 | $23,172 |