$1,225,000
Investment Summary
- Monthly Cash Flow
- -$2,856
- Cap Rate
- 3.3%
- Cash-on-Cash Return
- -12.2%
- Debt Coverage Ratio
- 0.54
- Internal Rate of Return (5 years)
- -7.8%
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
Exquisite Luxury Retreat in East Lake Woodlands. Nestled on an expansive 1.14-acre lot in the exclusive, gated golf community of Turtle Creek at East Lake Woodlands, this exceptional residence blends luxury living with privacy, comfort, and sophistication. Located in Zone X500 (no flood insurance required) and high-and-dry with no hurricane damage, this home has undergone extensive enhancements over the past six months—offering a rare opportunity for turnkey elegance in one of Oldsmar’s most sought-after communities. From the moment you arrive, the home captivates with its beautifully upgraded landscaping, pavered driveway, manicured grounds, and striking double glass entry doors. Inside, soaring volume ceilings, rich crown molding, plantation shutters, and a dramatic gallery wall provide a stunning backdrop for art and design. Wide-plank waterproof hybrid resilient flooring (installed in 2025) flows throughout the living areas, grounding the home in warmth and style. Designed for both grand-scale entertaining and intimate gatherings, the open-concept floor plan features a generous 33-foot family room anchored by a wood-burning fireplace, seamlessly connected to the chef’s kitchen with wood cabinetry, quartz countertops, center island, breakfast bar, and premium stainless appliances including a wine cellar cooling unit and warming drawer. Retreat to a serene primary suite with tranquil views of the pool and wooded conservation area, walk-in closet (updated in 2025), and a luxurious en-suite bath (updated in 2023) featuring tower cabinetry, quartz countertops, freestanding soaking tub, and spa-like walk-in shower. Three sets of hurricane-impact glass sliders lead to the expansive screened lanai and pool area, where a heated PebbleTec pool and spa await—complete with electric and propane heaters (both replaced in 2023). The conservation backdrop ensures privacy and a low-maintenance outdoor lifestyle, all set on one of the largest lots in the community. Recent upgrades include: In 2025, the home received wide-plank waterproof hybrid resilient flooring throughout the living areas, a custom-designed walk-in closet in the primary suite, a fully upgraded Jack-and-Jill bathroom, new electrical outlets, fresh interior paint, and enhanced landscaping. Other notable improvements include a luxurious en-suite primary bathroom remodel in 2023 with quartz countertops, a freestanding soaking tub, and a spa-style walk-in shower, as well as new electric and propane pool/spa heaters also in 2023. Hurricane-impact glass sliders were added in 2020, followed by elegant double glass front doors in 2021 and new garage doors in 2019. The Eagle concrete tile roof with underlayment, installed in 2008, is known for its durability and carries an estimated lifespan of up to 75 years. The home also features professional landscape lighting and a reclaimed water irrigation system. Optional membership to Ardea Country Club featuring two championship golf courses, tennis/pickleball, full fitness center, lap pool, dining venues, events, and more. Located just minutes to Tampa International Airport, award-winning beaches, A-rated schools, and top dining and entertainment.
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Location
Property Details
Parking
- Description: Driveway
- Details: Driveway, Attached
- Garage Spaces: 3
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 5
Bathroom Information
- # of Baths (Full): 3
- # of Baths (Total): 3.0
Interior Features
- # of Rooms: 8
- # of Stories: 1
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Stucco
- Foundation: Slab
- Roof Type: Gable
- Roof Material: Tile
- Pool: Yes
HOA
- Has HOA: Yes
- Association: Wise Property Management/John Romero
- HOA Fee: $2,170/annually
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 032816926800000160
- Lot Size: 49637 sqft
Property Information
- Property Type: Single Family Residence
- Style: Florida
- Year Built: 1994
Tax Information
- Annual Tax: $7,311
Utilities
- Water & Sewer: Public
- Heating: Central, Electric
- Cooling: Central Air
Location
- County: Pinellas
Listing Details
Investment Summary
- Monthly Cash Flow
- -$2,856
- Cap Rate
- 3.3%
- Cash-on-Cash Return
- -12.2%
- Debt Coverage Ratio
- 0.54
- Internal Rate of Return (5 years)
- -7.8%
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:
| $1,225,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$980,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $245,000 |
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:
| $36,750 |
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:
| $281,750 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 3,555 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $345 |
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:
| $1.72 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $980,000 |
|---|---|
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:
| $6,275 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $609 |
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:
| $427 |
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:
| $7,311 |
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:
| $6,100 | $73,200 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$366 | -$4,392 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $5,734 | $68,808 |
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. | 10% | -$609 | -$7,312 |
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% | -$427 | -$5,124 |
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% | -$488 | -$5,856 |
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% | -$305 | -$3,660 |
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% | -$305 | -$3,660 |
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. | 3% | -$181 | -$2,172 |
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 | 38% | -$2,315 | -$27,784 |
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:
| $3,419 | $41,028 |
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. | -$6,275 | -$75,300 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $2,856 | $34,272 |