$950,000
Investment Summary
- Monthly Cash Flow
- -$3,004
- Cap Rate
- 2.4%
- Cash-on-Cash Return
- -16.5%
- Debt Coverage Ratio
- 0.38
- Internal Rate of Return (5 years)
- -12.0%
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
CASUAL ELEGANCE abounds in this well appointed home, with one of the BEST VIEWS, Nestled in the Rolling hills of East Pasco's Gated community of Lake Jovita Golf and Country Club! Tastefully remodeled & decorated, this Arthur Rutenberg home offers LUXURY living at its finest. Barely used, only occupied for a few months each year, this home has been meticulously maintained & features a host of custom upgrades totaling over $80,000. With picturesque views of the fairway of hole #16 on the North Course and charming St. Leo, you'll enjoy the calming sound of bells chiming, creating a serene atmosphere, right in your own backyard! Boasting 3,105 SF of living space, this home includes 3 bedrooms, PLUS a den/office, PLUS a bonus room and 3 full baths. The 3-car side-entry garage, with painted floor, provides ample space for parking and storage. The beautifully designed outdoor area includes a heated pool with a spill-over spa, complete with a newly replaced variable speed pool pump, a 333 BTU pool heater & upgraded rotating color pool lights, ensuring a luxurious and relaxing outdoor living experience. Hilltop breezes and Serene views of St Leo in the distance as you relax or entertain on your extended lanai. Great Curb Appeal with $20,000 in landscaping, solar lights and Gated Courtyard entry! Inside, you'll find a wide array of impressive features, including professionally painted wood maple cabinets in the kitchen, complemented by granite countertops, crown molding, and a stainless undermount sink. The home has been meticulously updated with engineered wood floors in bedrooms and bonus room, with hardwood flooring in the den/office. Walk-in pantry with wooden shelves and leaded glass door adds to the elegance of the home. The interior has been painted neutral for a light, bright feel and the Exterior freshly painted in 2025 for a Stately appeal. Additional upgrades such as tray ceilings, remote-controlled vertiglide window shades, upgraded ceiling fans, light fixtures and plantation shutters make this home elegant and efficient. The property also features an irrigation well for sprinklers, a $8,000 investment, ensuring lush greenery year-round, and a recent roof cleaning with newly added gutters. The brick paver entry and paver pool deck were resanded and resealed in 2025, enhancing the home’s curb appeal, making it a true standout. The leaded glass front entry door with sidelights, along with the home's niches, arches, and eyebrow windows, add architectural charm and timeless elegance. Owners retreat is privately positioned on the opposite side of the home from the secondary bedrooms and bonus room with GREAT ROOM in the center as the Hub of the home. Open to the kitchen with sliding window wall to extend your entertaining space. This home is truly a rare find, offering a combination of luxurious upgrades, tranquil surroundings and STUNNING views on .62 acre lot. Low quarterly HOA includes park, playground, tennis, pickleball & basketball courts, walking trail with exercise stations, dog parks & open fields. Enjoy the Country Club lifestyle with optional memberships for Tennis, 2 Championship Golf courses, Jr Olympic Pool, Fitness center, Pro shop, Social activities, onsite Restaurant & pub/grille. Located just North of Tampa with easy access to major highways to Orlando, Ocala, Lakeland, Airports and the Beaches! Don’t miss your chance to own this exceptional property in Lake Jovita’s exclusive Golf and Country Club community. CALL today!
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Location
Property Details
Parking
- Description: Garage Door Opener, Garage Faces Rear, Garage Faces Side
- Details: Driveway, Garage Door Opener, Attached
- Garage Spaces: 3
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 3
Bathroom Information
- # of Baths (Full): 3
- # of Baths (Total): 3.0
Interior Features
- # of Rooms: 10
- # of Stories: 1
Exterior Features
- Exterior Walls Materials: Concrete Block
- Foundation: Slab
- Roof Type: Gable
- Roof Material: Tile
- Pool: Yes
HOA
- Has HOA: Yes
- Association: Lake Jovita Golf & Country Club
- HOA Fee: $297/quarterly
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 3624200010000003280
- Lot Size: 26997 sqft
Property Information
- Property Type: Single Family Residence
- Style: Florida
- Year Built: 2006
Tax Information
- Annual Tax: $10,411
Utilities
- Water & Sewer: Public
- Heating: Central, Electric
- Cooling: Central Air
Location
- County: Pasco
Listing Details
Investment Summary
- Monthly Cash Flow
- -$3,004
- Cap Rate
- 2.4%
- Cash-on-Cash Return
- -16.5%
- Debt Coverage Ratio
- 0.38
- Internal Rate of Return (5 years)
- -12.0%
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:
| $950,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$760,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $190,000 |
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:
| $28,500 |
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:
| $218,500 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 3,105 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $306 |
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:
| $1.32 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $760,000 |
|---|---|
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:
| $4,866 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $868 |
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:
| $287 |
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:
| $6,021 |
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:
| $4,100 | $49,200 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$246 | -$2,952 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $3,854 | $46,248 |
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. | 21% | -$868 | -$10,412 |
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% | -$287 | -$3,444 |
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% | -$328 | -$3,936 |
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% | -$205 | -$2,460 |
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% | -$205 | -$2,460 |
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. | 2% | -$99 | -$1,188 |
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 | 49% | -$1,992 | -$23,900 |
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:
| $1,862 | $22,344 |
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. | -$4,866 | -$58,392 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | -$3,004 | -$36,048 |