$895,000
Investment Summary
- Monthly Cash Flow
- -$2,075
- Cap Rate
- 3.4%
- Cash-on-Cash Return
- -12.1%
- Debt Coverage Ratio
- 0.55
- Internal Rate of Return (5 years)
- -7.7%
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
*Check Out The 3D Virtual Tour* *SELLER FINANCING / LEASE-PURCHASE AVAILABLE* Welcome to your New FULLY Renovated, 3+ Bedroom / 3.5 Bath Custom Built Waterfront Executive dream home, on an expansive nearly 2 Acre lot. A masterpiece of design and Craftsmanship nestled in a prestigious location. Freshly Painted, Inside & Out! Spanning an impressive 3,578 square feet, this property is designed to cater to the eclectic tastes of modern-day homeowners, offering both the tranquility of a private retreat and the perfect backdrop for sophisticated entertaining. It is a beacon of elegance and comfort seamlessly blended to create an unparalleled living experience. As you step through the elegant double glass doors, the formal foyer welcomes you into a realm of refined beauty, setting the stage for the delights that lie beyond. The formal living room, with its poised ambiance, is ideal for hosting distinguished guests. In contrast, the expansive family room becomes the heart of the home—a place where families can gather and create memories. The room's telescoping sliders open seamlessly to a screened lanai that hosts a remarkable 12-person spa, marrying indoor luxury with outdoor serenity. The chef-inspired kitchen is nothing short of a culinary paradise, boasting 28 solid wood cabinets that provide ample storage space. Stainless steel appliances gleam under recessed lighting, enhancing the joy of cooking. A Separate island with a prep sink and breakfast bar allows for casual dining or effortless entertaining. Adjacently complimented by built-in bench seating dining area boasting panoramic windows for meals served with a view. Retreat to the master suite, a haven within this splendid home, featuring direct lanai access for private enjoyment of early morning or late-night serenity. Walk-in closets and a storm room/safe room provide peace of mind and convenience. The en-suite master bath offers an oasis-like atmosphere with dual sink areas and a sumptuous tub beside a walk-in shower for ultimate relaxation. Two additional bedrooms ensure comfort for family or guests alike, each with spacious bathrooms and walk-in closets. Beyond these personal quarters, this home features practical amenities such as a laundry room equipped with built-in cabinets and utility sink; an over-sized 3+ car garage with workshop space; and architectural details like high ceilings adorned with crown molding, plantation blinds, custom window inserts, decorative columns that enrich its aesthetic appeal. Massive driveway capable of accommodating multiple vehicles— underscoring its readiness to host gatherings large or small. Take a stroll down your own private sidewalk to enjoy some fishing in the Pond. With NO HOA, NO CDD, & No Deed Restrictions you can bring all your Boat, RV, & Toys. Nestled in the coveted locale of Country Club Road in Wesley Chapel, this residence stands as a testament to luxurious living where every detail is curated to foster an atmosphere of both grandeur and warmth. With its thoughtful design and opulent amenities set against the canvas of its desirable setting, this home invites you to embrace a lifestyle where comfort meets elegance in perfect harmony. *Property being sold as-is, with right to inspect. Owner never occupied. Irrigation & Spa systems disconnected; never used and not warranted. (Brand new roof and HVAC already installed, with warranty) ***Check Out The 3D Virtual Tour*** One or more photo(s) has been virtually staged.
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Location
Property Details
Parking
- Description: Driveway, Garage Door Opener, Garage Faces Side, Oversized, Parking Pad
- Details: Attached
- Garage Spaces: 3
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 3
Bathroom Information
- # of Baths (Full): 3
- # of Baths (Partial): 1
- # of Baths (Total): 4.0
Interior Features
- # of Rooms: 3
- # of Stories: 1
Exterior Features
- Exterior Walls Materials: Concrete Block
- Foundation: Slab
- Roof Type: Gable
- Roof Material: Shingle
- Pool: Yes
HOA
- Association: n/a
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 0126190020000000130
- Lot Size: 73640 sqft
Property Information
- Property Type: Single Family Residence
- Year Built: 2001
Tax Information
- Annual Tax: $12,104
Utilities
- Water & Sewer: Private, Well
- Heating: Central, Heat Pump
- Cooling: Central Air
Location
- County: Pasco
Listing Details
Investment Summary
- Monthly Cash Flow
- -$2,075
- Cap Rate
- 3.4%
- Cash-on-Cash Return
- -12.1%
- Debt Coverage Ratio
- 0.55
- Internal Rate of Return (5 years)
- -7.7%
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:
| $895,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$716,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $179,000 |
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:
| $26,850 |
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:
| $205,850 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 3,578 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $250 |
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:
| $1.43 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $716,000 |
|---|---|
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:
| $4,585 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $1,009 |
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:
| $357 |
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:
| $5,951 |
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:
| $5,100 | $61,200 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$306 | -$3,672 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $4,794 | $57,528 |
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. | 20% | -$1,009 | -$12,104 |
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% | -$357 | -$4,284 |
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% | -$408 | -$4,896 |
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% | -$255 | -$3,060 |
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% | -$255 | -$3,060 |
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 | 45% | -$2,284 | -$27,404 |
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:
| $2,510 | $30,120 |
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. | -$4,585 | -$55,020 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | -$2,075 | -$24,900 |