$894,000
Investment Summary
- Monthly Cash Flow
- -$1,341
- Cap Rate
- 4.3%
- Cash-on-Cash Return
- -7.8%
- Debt Coverage Ratio
- 0.71
- Internal Rate of Return (5 years)
- -3.6%
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
MUST SEE OZONA home bathed in a lush, tropical setting and A BLOCK from downtown Ozona restaurants, brewery and shops! And of course Ozona's A+ Rated Schools. Enter through the wrought iron gate to a tranquil paved courtyard and your tropical oasis awaits. HIGH AND DRY, NO damage from Helene or Milton and NO FLOOD INSURANCE NEEDED! Details are numerous and sure to impress like stunning hardwood hand-carved doors, with hardwood and tile floors throughout. Truly a work of art are the striking lead and etched glass doors, like Icarus on the second level. The home is a perfect blend of open kitchen great room and several cozy reading/study space and screened in areas in both front and back. The chef's kitchen is gorgeous with solid wood cabinets, emerald granite and replete with features like professional grade range hood and GE monogram 48" GAS STOVE with grill and griddle; so much storage throughout from the hardwood cabinets, pull-out pantry AND separate WALK-IN PANTRY; 2 sinks to accommodate large parties or dueling chefs! This home is an entertainer’s dream as there is so much glorious space to share. First level kitchen and open room spills out into the spacious downstairs living area with a WET BAR to keep up with all your guests. (portion of this area can be turned back into a bedroom for 2 bedrooms down). Take the good times next level from the wet bar to the POOL and SPA and prepare to be WOWED! This resort-like escape boasts a grand Lanai to relax by the recently painted pool deck and enjoy a heated pool & spa while still providing backyard space for lush landscaping or whatever one can imagine! Back indoors, guests and family will be charmed by the wrought iron spiral staircase to the second level living area-also accessible by the attached outside staircase. Two bedrooms on this level, one guest with full bath and of course the fabulous and sizable primary bedroom which presents an oversized walk-in closet, generous primary bath with chic block-glass shower, dual sinks and vanity. Two sets of sliding doors lead out to a COVERED balcony overlooking the lovely backyard and pool. Enjoy the upstairs living area where you can admire the etched glass doors that take you to an exquisite tile-floor office then the stunner out to the COVERED screened-in large rooftop deck where you can relax and at various seasons have FRONT ROW SEATS to Ozona parades and street festivals. BONUS Feature is the short-game golf hitting room inside the large 2 car garage that also gives you built-in overhead storage racks. Ample storage is throughout the home including in the large laundry room, conveniently located upstairs. Downstairs is 1.5 bathrooms and upstairs has 2 full baths. This spectacular home is located just 300 yards from downtown Ozona and Molly Goodheads, Ozona Pig, Ozona Brewery and gift shops. Just a short bike or drive to food and music at Ozona Blue. For water activities, a short .25 miles to to boat, kayak or just relax and watch the sunset you are also only .25 mile from the charming Spotted Trout Marina. Ozona is not only a fun bike-riding, golf cart community but its serious side boasts the area's TOP-RATED SCHOOLS. Just a five-mile bike ride north on Pinellas Trail thru Crystal Beach to Tarpon Springs downtown shops, restaurants and sponge docks, 5 miles to Dunedin shops and restaurants, as well as the WORLD-FAMOUS white sand beaches of Honeymoon and Caladesi Island. Come live your best life in this paradise of a home!
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Location
Property Details
Parking
- Description: Driveway, Garage Door Opener, Split Garage
- Details: Driveway, Garage Door Opener, Garage, Attached
- Garage Spaces: 2
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 4
Bathroom Information
- # of Baths (Full): 3
- # of Baths (Partial): 1
- # of Baths (Total): 4.0
Interior Features
- # of Rooms: 3
- # of Stories: 2
Exterior Features
- Exterior Walls Materials: Stucco
- Foundation: Slab
- Roof Type: Gable
- Roof Material: Shingle
- Pool: Yes
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 112815298980010011
- Lot Size: 9104 sqft
Property Information
- Property Type: Single Family Residence
- Style: Custom
- Year Built: 1987
Tax Information
- Annual Tax: $8,326
Utilities
- Water & Sewer: Public
- Heating: Central, Natural Gas
- Cooling: Central Air, Zoned
Location
- County: Pinellas
Listing Details
Investment Summary
- Monthly Cash Flow
- -$1,341
- Cap Rate
- 4.3%
- Cash-on-Cash Return
- -7.8%
- Debt Coverage Ratio
- 0.71
- Internal Rate of Return (5 years)
- -3.6%
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:
| $894,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$715,200 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $178,800 |
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:
| $26,820 |
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:
| $205,620 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 3,264 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $274 |
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:
| $1.75 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $715,200 |
|---|---|
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:
| $4,580 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $694 |
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:
| $399 |
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:
| $5,673 |
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:
| $5,700 | $68,400 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$342 | -$4,104 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $5,358 | $64,296 |
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. | 12% | -$694 | -$8,327 |
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% | -$399 | -$4,788 |
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% | -$456 | -$5,472 |
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% | -$285 | -$3,420 |
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% | -$285 | -$3,420 |
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 | 37% | -$2,119 | -$25,427 |
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:
| $3,239 | $38,868 |
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. | -$4,580 | -$54,960 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $1,341 | $16,092 |