$550,000
Investment Summary
- Monthly Cash Flow
- -$1,618
- Cap Rate
- 2.6%
- Cash-on-Cash Return
- -15.3%
- Debt Coverage Ratio
- 0.43
- Internal Rate of Return (5 years)
- -10.8%
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
Under contract-accepting backup offers. HOMES LIKE THIS ONE RARELY BECOME AVAILABLE IN THIS NEIGHBORHOOD ! IMAGINE YOUR NEXT DREAM HOME IS IN WALKING DISTANCE TO THE NEWLY RENOVATED COMPTON PARK AMENITY CENTER ! IT'S LIKE HAVING THESE LUXURIES IN YOUR BACKYARD WITHOUT HAVING TO MAINTAIN THEM YOURSELF. IMAGINE WALKING YOUR KIDS TO SCHOOL AND WALKING THEM HOME EVERY DAY ! OR HAVING THE ASSURANCE AND SECURITY OF LIVING IN A COMMUNITY WHERE YOUR KIDS CAN BE SAFE WALKING HOME FROM SCHOOL ! MEMORIES WILL BE MADE OF THEIR DAYS OF ATTENDING THE HIGHLY SOUGHT-AFTER TAMPA PALMS ELEMENTARY SCHOOL ! ** IMAGINE THE POSSIBILITIES !! ** WELCOME HOME to the Cambridge II Village, located in the Prestigious Tampa Palms Community ! This Beautifully Updated 4 Bedroom, 2 Bath Residence offers Modern Upgrades, Quality Features, and the Best of Florida's Outdoor Living with a Huge 40 ft Wrap-around Screened-in Lanai. In 2025, the Seller Replaced the Roof for added Peace of Mind, Plus Re-sodded and Landscaped Both the Front and Back yard to add Beauty and Curb Appeal. Step Inside to find Elegant Travertine Flooring and Crown Molding throughout the Main Living areas and Luxury Vinyl Tile Planks in all Bedrooms and the Spacious Great Room, with NO Carpet Anywhere. This Sizeable Split Floor Plan offers Privacy and Flexibility, with the Primary Suite and an Adjacent Bedroom (Perfect for a Nursery, Office, or Library) on One Side, and 2 Additional Oversized Bedrooms with a Shared Updated Bath on the Opposite Wing. ** IMAGINE THE POSSIBILITIES !! ** The Newly Renovated Primary Bath is ADA-compliant, Complete with a Wheelchair Accessible Toilet, a Freestanding Soaking Tub, and a Luxurious Zero-entry Shower with 2 Handheld Devices and a Free-Falling Rainfall Fixture. The HEART of this HOME is the Stunning GREAT ROOM, Featuring Cathedral Ceilings with Decorative Wooden Beams, a Cozy Electric Fireplace with Multiple Color Ambiance, and a 70" LG FLAT SCREEN TV (INCLUDED). Floor-to-Ceiling Windows fill the Room with Natural Light, while a Large Slider and French Doors from the Nook Lead to the Stunning, Oversized 40x12 Screened-in Lanai, Ideal for Entertaining and Year-Round Outdoor Living. The Living Room and Dining Room are Constructed with Elegance and Formality, with Crown Molding, Plantation Shutters, High Baseboards, a Large Slider Leading to the Lanai, and a Pocket Door Closing Off and Separating the Formal from the Casual, Perfect for Privacy, When Entertaining, or for the Holidays ! The Entire Front of the Home Shows Off the Luxurious Plantation Shutters in Every Window (including the garage) and Crown Molding in almost Every Room (not including the garage LOL). The Backyard Offers Plenty of Space to Add a Pool and Extend Your Outdoor Living across the Length of the Home. Enjoy the Convenience of a Side-entry 2 Plus Car Garage with a Workshop, Separate Side Door Entry, and Ample Parking in the Side Driveway. As a Tampa Palms Resident, You will have Access to Five Amenity Centers and Parks. Just a Short Walk from this Home is the Compton Park Amenity Center with an Olympic-sized Pool, Tennis Courts, Pickleball Courts, Activity Rooms, Kids' Play Areas, Dog Parks, and an Expansive Green Space for Sports and Recreation. Homes in Cambridge II Rarely Come Available **IMAGINE THE POSSIBILITIES FOR YOU AND YOUR FAMILY !! ** Don’t Miss This Opportunity to Own a Move-in-Ready Gem in One of Tampa’s Most Desirable Neighborhoods ! ** WELCOME HOME TO TAMPA PALMS !! ** Set an Appt TODAY !!
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Location
Property Details
Parking
- Description: Garage
- Details: Driveway, Garage Faces Side, Oversized, Attached
- Garage Spaces: 2
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 4
Bathroom Information
- # of Baths (Full): 2
- # of Baths (Total): 2.0
Interior Features
- # of Rooms: 12
- # of Stories: 1
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Stucco
- Foundation: Slab
- Roof Type: Gable or Hip
- Roof Material: Shingle
HOA
- Has HOA: Yes
- Association: Brian Koerber
- HOA Fee: $322/annually
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: A2727191E2000152000150
- Lot Size: 12500 sqft
Property Information
- Property Type: Single Family Residence
- Style: Ranch, Traditional
- Year Built: 1987
Tax Information
- Annual Tax: $9,302
Utilities
- Water & Sewer: Public
- Heating: Central, Electric
- Cooling: Central Air
Location
- County: Hillsborough
Listing Details
Investment Summary
- Monthly Cash Flow
- -$1,618
- Cap Rate
- 2.6%
- Cash-on-Cash Return
- -15.3%
- Debt Coverage Ratio
- 0.43
- Internal Rate of Return (5 years)
- -10.8%
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:
| $550,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$440,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $110,000 |
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:
| $16,500 |
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:
| $126,500 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 2,699 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $204 |
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:
| $1.07 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $440,000 |
|---|---|
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:
| $2,817 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $775 |
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:
| $3,795 |
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. | 27% | -$775 | -$9,302 |
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. | 1% | -$27 | -$324 |
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 | 53% | -$1,527 | -$18,326 |
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:
| $1,199 | $14,388 |
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. | -$2,817 | -$33,804 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | -$1,618 | -$19,416 |