$1,200,000
Investment Summary
- Monthly Cash Flow
- -$4,237
- Cap Rate
- 1.9%
- Cash-on-Cash Return
- -18.4%
- Debt Coverage Ratio
- 0.31
- Internal Rate of Return (5 years)
- -13.8%
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
Located within the exclusive gated community of Fish Hawk Trails, which features 24-hour manned security where luxury, privacy, and sophistication blend seamlessly. Situated on over half an acre of beautifully landscaped grounds, this meticulously maintained original owner custom-built Arthur Rutenberg pool and spa home offers 4-bedrooms, 4.5-bathrooms, office, bonus room and spans almost 5,050 square feet of living space across one level, while offering a host of premium features designed for both comfort and style. As you approach, the grandeur of the home is immediately evident, with its stately façade and spacious 4-car side entry garage, sitting on a corner lot in a quiet cul-de-sac. Walk up the paver pathway with its decorative curbing to the leaded double glass front doors. Step inside to discover a thoughtfully designed, bright and open floor plan, freshly repainted in 2022, that exudes warmth and elegance, with its 10-12' tray ceilings and plantation shutters. This beautiful executive home provides peace of mind with a whole home Generac generator, a new roof in 2022, a water softener system as well as the pool being resurfaced and the gas heater replaced in 2022. To your immediate right off the tiled foyer at the front of the home is the office and the huge master suite which spans the entire north side, with pool access from your own personal gym area! Additionally, there are two custom designed walk-in closets, along with a spacious en-suite with dual separate vanities, jetted tub and walk-in shower. Step back out to the family room with hardwood floors, a fireplace, double French doors with built-in blinds along with a tiled counter wet bar. This leads through to the breakfast nook and the gourmet kitchen with granite counters, breakfast bar, double oven, gas stovetop, solid wood cabinetry and a pantry. Adjacent to the kitchen is the spacious living room and this leads on through to the huge bonus/media room with large walk-in storage closet at the rear of the home, along with the convenience of a half bath with direct outdoor access. Relax in your screened gas heated pool and spa and outdoor green space which provides ample room for entertaining, with the additional benefit of an outside sink and built in for cookouts. Next to the kitchen, there is the stately formal dining room with hardwood floors and then this leads down a hallway, where you will have three large en-suite bedrooms, one of these with a single vanity and a tub, while the other two have a single vanity and a walk-in shower. All of these bedrooms have walk-in closets, with two of them having built ins. Continuing on you have the laundry room with plenty of storage cabinetry and a sink, along with access out to the garage with plenty of space for all your vehicles. The home is ideally situated with the nature trails to the side and rear of the home and all the recreational facilities just a two-minute walk away. Fish Hawk Trails benefits from a 24-hour guard, not being in a flood zone, NO CDD and inexpensive HOA, along with having several miles of nature and bike trails, basketball, tennis and pickleball courts, a playground, soccer and baseball fields and clubhouse all on your doorstep. Zoned for A rated schools and close to excellent dining, shopping and recreation, while enjoying quick access out to Interstates, Expressway, MacDill Airforce Base and an array of world-renowned beaches. Make your private appointment today to view this must-see home!
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Location
Property Details
Parking
- Description: Garage
- Details: Circular Driveway, Driveway, Garage Door Opener, Garage Faces Side, Off Street, Oversized, Attached
- Garage Spaces: 4
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 4
Bathroom Information
- # of Baths (Full): 4
- # of Baths (Total): 5.0
Interior Features
- # of Rooms: 13
- # of Stories: 1
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Stucco
- Foundation: Slab
- Roof Type: Gable or Hip
- Roof Material: Shingle
- Pool: Yes
HOA
- Has HOA: Yes
- Association: Jennifer Sanchez
- HOA Fee: $615/quarterly
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: U2330215GJ000018000100
- Lot Size: 23915 sqft
Property Information
- Property Type: Single Family Residence
- Year Built: 2004
Tax Information
- Annual Tax: $8,562
Utilities
- Water & Sewer: Public
- Heating: Central, Electric, Natural Gas
- Cooling: Central Air, Zoned
Location
- County: Hillsborough
Listing Details
Investment Summary
- Monthly Cash Flow
- -$4,237
- Cap Rate
- 1.9%
- Cash-on-Cash Return
- -18.4%
- Debt Coverage Ratio
- 0.31
- Internal Rate of Return (5 years)
- -13.8%
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:
| $1,200,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$960,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $240,000 |
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:
| $36,000 |
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:
| $276,000 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 5,047 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $238 |
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:
| $0.81 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $960,000 |
|---|---|
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:
| $6,147 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $714 |
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:
| $7,148 |
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. | 17% | -$714 | -$8,563 |
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. | 5% | -$205 | -$2,460 |
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 | 47% | -$1,944 | -$23,323 |
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:
| $1,910 | $22,920 |
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. | -$6,147 | -$73,764 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | -$4,237 | -$50,844 |