$5,495,000
Investment Summary
- Monthly Cash Flow
- -$28,428
- Cap Rate
- -0.1%
- Cash-on-Cash Return
- -27.0%
- Debt Coverage Ratio
- -0.01
- Internal Rate of Return (5 years)
- -22.0%
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
Nestled on one of the most picturesque streets in Beach Park, this custom Bayfair home—completed in 2020—offers timeless elegance, thoughtfully curated upgrades, and exceptional design. Situated on a high-and-dry lot with two-story block construction and a concrete tile roof, the home delivers both peace of mind and refined coastal living. For boating enthusiasts, the property includes a private dock constructed with durable Trex (composite) decking, featuring freshwater access and a 25,000-pound boat lift. The wide canal, dredged for 45’ boats, offers direct access to Old Tampa Bay, allowing you to enjoy the best of Tampa’s waterfront lifestyle with ease and speed. Upon entry, a marble-floored foyer welcomes you inside, opening to an intimate library with floor-to-ceiling built-in bookcases, box beam ceiling and gas fireplace. The spacious living room, lined with French doors, flows seamlessly to the covered patio, creating a natural transition to outdoor living. The formal dining room with custom built-in buffet and serene views out to the expansive backyard and water, connects directly to the heart of the home—an entertainer’s dream kitchen. The chef’s kitchen features a striking 3” quartz island with seating and professional-grade appliances, including a 48” Wolf dual fuel range with grill and griddle, double ovens, Wolf wall hood, Bosch dishwasher, Sharp microwave drawer, SubZero 30" refrigerator and 30" freezer, and Miele built-in coffee system. A full butler’s pantry and oversized walk-in pantry provide additional prep and storage space, along with a U-Line dual zone wine fridge. Downstairs, two bedrooms offer flexibility: one with a walk-in closet and ensuite bath featuring a walk-in shower, and the other currently serving as a light-filled art studio. Additional smart home features on the first floor include a state of the art Kohler Japanese toilet in a beautifully designed half bath, as well as Control4 automation, surround sound, integrated speakers, and automatic shades in the library, dining, and bedroom. Upstairs, the split-bedroom layout continues to impress. A spacious bonus room/game room includes a wet bar, wine fridge, walk-in closet, and dedicated AV closet. Two additional guest suites each offer private baths with marble flooring, elevated vanities, and tub/shower combinations. The owner's retreat is a sanctuary overlooking the water, featuring two walk-in closets, marble flooring, split vanities, marble counters and backsplash, a walk-in shower, soaking tub, and a luxurious Toto Japanese toilet. The upper-level laundry room is outfitted with custom built-ins and a utility sink for convenience. Throughout the home, high-end infrastructure and hand-selected details offer ease and elegance: a whole-home generator, central vacuum system, 4-stop elevator, 3 car garage, three-zone HVAC (2020), two electric tankless water heaters, water softener, Japanese toilets, and Control4 automation. Outside, the resort-style backyard is designed for true Florida living. A covered brick-paved patio and screened lanai with a built-in outdoor kitchen, Marvel beverage unit, and grill make entertaining effortless. The generous saltwater pool and spa are complemented by a separate seating area with a gas fire pit—perfect for evening gatherings. Your Florida Oasis is Now available for private showings.
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Location
Property Details
Parking
- Description: Garage
- Details: Circular Driveway, Garage Door Opener, Garage Faces Side, Attached
- Garage Spaces: 3
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 5
Bathroom Information
- # of Baths (Full): 4
- # of Baths (Total): 6.0
Interior Features
- # of Rooms: 12
- # of Stories: 2
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Stucco
- Foundation: Slab
- Roof Type: Gable or Hip
- Roof Material: Concrete
- Pool: Yes
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: A2029183LA000012000090
- Lot Size: 14374 sqft
Property Information
- Property Type: Single Family Residence
- Style: Custom, Traditional
- Year Built: 2020
Tax Information
- Annual Tax: $40,625
Utilities
- Water & Sewer: Public
- Heating: Central
- Cooling: Central Air, Zoned
Location
- County: Hillsborough
Listing Details
Investment Summary
- Monthly Cash Flow
- -$28,428
- Cap Rate
- -0.1%
- Cash-on-Cash Return
- -27.0%
- Debt Coverage Ratio
- -0.01
- Internal Rate of Return (5 years)
- -22.0%
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:
| $5,495,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$4,396,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $1,099,000 |
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:
| $164,850 |
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:
| $1,263,850 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 5,351 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $1,027 |
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:
| $0.84 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $4,396,000 |
|---|---|
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:
| $28,148 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $3,385 |
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:
| $315 |
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:
| $31,848 |
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:
| $4,500 | $54,000 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$270 | -$3,240 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $4,230 | $50,760 |
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. | 75% | -$3,385 | -$40,625 |
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% | -$315 | -$3,780 |
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% | -$360 | -$4,320 |
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% | -$225 | -$2,700 |
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% | -$225 | -$2,700 |
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 | 100% | -$4,510 | -$54,125 |
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:
| -$280 | -$3,360 |
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. | -$28,148 | -$337,776 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $28,428 | $341,136 |