$595,000
Investment Summary
- Monthly Cash Flow
- -$2,045
- Cap Rate
- 2.0%
- Cash-on-Cash Return
- -17.9%
- Debt Coverage Ratio
- 0.33
- Internal Rate of Return (5 years)
- -13.3%
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
Under contract-accepting backup offers. "VA Assumable Loan at 2.875 Interest Rate."WOW! Wesley Chapel's Desirable Gated Community Estancia/Santeri features an Exceptional 1 Story Villa for Sale! This Immaculate European Cottage Style Villa Built by Cal Atlantic will exceed your expectations~ Stunning Pond & Tree Views from the Private Extended Screened Lanai with brick pavers. Offering 3 spacious Bedrooms, Den plus a Florida Room, 2 luxurious baths, oversized 2 Car Garage & 2506 square foot of living space. This home is a Gorgeous Villa and shows like a Model Home! From the time you pull into the pavered driveway you will appreciate the perfectly manicured landscaping with concrete curbing, lush fresh landscaping, landscape lighting and a beautiful Crepe Myrtle. The covered front porch invites you to the welcoming front door with a glass and rod iron insert & side light. As you step inside you will fall in love with the fresh & open floor plan & the high ceilings. The kitchen is a Chef's Dream and features a large center island with Quartz Counter Tops, Breakfast Bar, 3 Designer Pendant Lights & Stainless Single Basin Sink with upgraded faucet. The kitchen also showcases quality Cabinetry with undermount lighting, Walk-in Pantry with wood shelving, a 4 Burner Gas Cooktop, Stainless Double Wall Ovens, a newer Stainless LG Refrigerator, D/W and classic Subway Tile Backsplash. The floor plan is perfect for entertaining with a Great Room overlooking the Florida Room & comfortable & relaxing screened lanai. Views of the water from many of the rooms too~ The Great Room has 12'6" Ceilings, Trey Ceilings & Transom Windows. The triple slider doors lead to the cozy New Florida Room with new plank flooring and ceiling fan too. The Primary Bedroom Suite is private due to the split floor plan and includes high end newer carpet with upgraded padding, a tray ceiling, recessed lighting, Plantation Shutters & leads to the ensuite huge bath. You will appreciate the double vanities with Granite Countertops, Designer Mirrors, Tiled Shower with Glass Door & storage Niche and massive sized Walk-in Closet. Wait until you see the Laundry Room! A massive amount of quality custom cabinet storage, porcelain farm style sink with upgraded faucet, Granite Countertops, hang rack & full size washer & dryer hookup. Additional Upgrades Featured: Exterior Paint 2024, Plantation Shutters, Impact Slider Doors, Double Pane Windows, Plank Tile Flooring, 8 Ft Interior Doors, Exterior Gutters, Aluminum Soffits, Vinyl Privacy Fence, Gas Tankless Water Heater, Natural Gas, upgraded closet louvered doors, garage door opener, Epoxy Garage Floor, Culligan Water Softener, stand alone freezer, COR SMART Thermostat, upgraded lighting throughout, Sealed Pavers at Lanai 15X30 (15X20 is caged) & Pavers at the driveway. Enjoy grilling at the extended brick pavered area too! Enjoy low maintenance living as HOA Includes: Exterior Paint, Roof Replacement, Lawn Maintenance & Water for Irrigation. Estancia at Wiregrass offers Resort-Style Amenities including a Clubhouse, Activities, Zero-Entry Heated Resort-Style Pool with Tower Water Slide, Fitness Center, Parks, Playgrounds, an abundant of Community Walking Trails, Har-Tru Tennis and Basketball Courts, Meeting Rooms & two Dog Parks. Private pool for the Villas just inside of the Community Gate in Santeri too~ Centrally located near I-75, I-275, Hospitals, Shops at Wiregrass Mall, The Grove, Tampa Premium Outlets. Some of the furniture is available at separate pricing.
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Location
Property Details
Parking
- Description: Garage Door Opener, Off Street
- Details: Driveway, Garage Door Opener, Attached
- Garage Spaces: 2
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 3
Bathroom Information
- # of Baths (Full): 2
- # of Baths (Total): 2.0
Interior Features
- # of Rooms: 11
- # of Stories: 1
Exterior Features
- Exterior Walls Materials: Concrete Block
- Foundation: Slab
- Roof Type: Gable
- Roof Material: Shingle
- Pool Community: Yes
HOA
- Has HOA: Yes
- Association: Amy Herrick/ Associa Gulf Coast
- HOA Fee: $365/monthly
- Additional Association: ESTANCIA
- Additional HOA Fee: $353/quarterly
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 1826200060053000570
- Lot Size: 5909 sqft
Property Information
- Property Type: Townhouse
- Style: Contemporary, Cottage, Florida, French Provincial, Ranch
- Year Built: 2017
Tax Information
- Annual Tax: $6,178
Utilities
- Water & Sewer: Public
- Heating: Central, Electric, Heat Pump
- Cooling: Central Air
Location
- County: Pasco
Listing Details
Investment Summary
- Monthly Cash Flow
- -$2,045
- Cap Rate
- 2.0%
- Cash-on-Cash Return
- -17.9%
- Debt Coverage Ratio
- 0.33
- Internal Rate of Return (5 years)
- -13.3%
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:
| $595,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$476,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $119,000 |
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:
| $17,850 |
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:
| $136,850 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 2,506 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $237 |
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:
| $1.16 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $476,000 |
|---|---|
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:
| $3,048 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $515 |
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:
| $203 |
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:
| $3,766 |
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:
| $2,900 | $34,800 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$174 | -$2,088 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $2,726 | $32,712 |
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. | 18% | -$515 | -$6,178 |
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% | -$203 | -$2,436 |
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% | -$232 | -$2,784 |
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% | -$145 | -$1,740 |
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% | -$145 | -$1,740 |
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. | 17% | -$483 | -$5,796 |
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 | 59% | -$1,723 | -$20,674 |
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:
| $1,003 | $12,036 |
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. | -$3,048 | -$36,576 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | -$2,045 | -$24,540 |