$495,000
Investment Summary
- Monthly Cash Flow
- -$910
- Cap Rate
- 4.1%
- Cash-on-Cash Return
- -9.6%
- Debt Coverage Ratio
- 0.65
- Internal Rate of Return (5 years)
- -5.3%
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
PRICE IMPROVEMENT & FRESHLY PAINTED EXTERIOR!!! NEW ROOF INSTALLED APR 2025! POND VIEWS! WONDERFULLY FUNCTIONAL OPEN FLOOR PLAN! LOADED W/ UPDATES & UPGRADES! Experience the Pride of Home Ownership in this Extremely Well Maintained “Award Winning” Devonshire Model built by Inland in 2010 that is located in the Highly Desirable & Established Oak Creek Community. Inland designed the Floor Plan of this home to be FULLY Functional in all aspects: 4 Bedrooms + STUDY/DEN (which can be easily converted into a 5th Bedroom); Over 2600 Sq Ft of Living & Entertaining Space; 3-way Split Location of the Primary Suite, Secondary Bedrooms & Den/Office which provides Privacy for everyone; Open Floor Plan for the Kitchen & Family Room Combo; Formal Living Room & Dining Room Combo; 3 Full Baths - Primary Suite Bath, 2nd Bath shared by the 2nd & 3rd Bedrooms & convenient 3rd Bath w/ easy access from the Patio or for use as a Guest Bath for the 4th Bedroom (which becomes a Junior Suite Area); & LARGE 3 Car Garage w/ ample parking space in the driveway. Updated Spacious Kitchen consists of 42" Cabinets that have been resurfaced w/ added hardware, Cambria Quartz Countertops, Single Basin Undermount Silgranit Gray Sink, Motion Sensor Faucet, Custom Blue Subway Tile Backsplash, Gigantic Counter-Height Breakfast Bar, Eat-in Dinette area & Samsung Stainless Steel Appliances (Dishwasher & Air Fryer Oven/Range both have WiFi Capabilities). Large Double Sliding Glass Doors off the Family Room open to an Extended Covered & Screened-in Lanai Patio w/ private & tranquil Pond Views from either the Seating Areas or the included Coastal Spas Cascade Infinity Hot Tub! Huge Primary Suite w/ Large Walk-in Closet that has been customized by Closets By Design, Vanity w/ Dual Sinks & Make-up Vanity Area, separate Shower & Garden Tub & private Water Closet. Study/Den is located at the Front of the Home & features French Doors. Additional Elegant Design Features & Upgrades include Engineered Hardwood Flooring throughout the Home, 12' High Ceilings, Recessed Lighting, Ceiling Fans, Water Softener & inside Laundry Room w/ wash sink & additional cabinets for storage. Roof (2025) | A/C (2022 & serviced regularly) | Hot Water Heater (2023) | Coastal Spas Cascade Infinity Hot Tub (2019 & new hot tub panel in 2024) | Gutters by Leaf Filter (2024 w/ Lifetime Warranty) | New Landscaping in the Front Yard & Curbing Re-sealed (2024) | Replaced Garage Door Springs & Installed WiFi Capable Garage Door Opener (2021) | Built-in Entertainment Center (2020) | Extended Screened Lanai w/ Pavers on top of Poured Concrete, Solid & Screen Roof & Outdoor Fans with Remote Controls (2019) | Fully Vinyl Fenced Yard w/ 2 Gates (2017). Oak Creek offers many amenities for its residents, including a Community Pool, 2 Picnic Pavilions, Dog Park, Covered Playground, Swings, Walking Trails w/ Boardwalk, and a Basketball Court - which is also lined for Pickleball. Conveniently located w/ close proximity to the Great Shopping, Restaurants, Entertainment, Schools, Colleges & Hospitals located in Wesley Chapel, Zephyrhills & Dade City. Oak Creek is centrally located within a 10-15 min drive to both Epperson & Mirada Lagoons, 20 min drive to 3 malls, 30 min drive to Busch Gardens & Adventure Island, 45-50 min drive to Tampa Int’l Airport, 60 min drive to Disney, 60 min drive to Clearwater Beach, 75 min drive to Sea World & 90 min drive to Universal. A MUST SEE Home! Call TODAY!
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Location
Property Details
Parking
- Description: Driveway, Garage Door Opener, Off Street
- Details: Driveway, Garage Door Opener, Off Street, Attached
- Garage Spaces: 3
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 4
Bathroom Information
- # of Baths (Full): 3
- # of Baths (Total): 3.0
Interior Features
- # of Rooms: 10
- # of Stories: 1
Exterior Features
- Exterior Walls Materials: Concrete Block
- Foundation: Slab
- Roof Type: Gable
- Roof Material: Shingle
HOA
- Has HOA: Yes
- Association: Oak Creek of Pasco County HOA / Inframark
- HOA Fee: $110/annually
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 0626210030000002680
- Lot Size: 7200 sqft
Property Information
- Property Type: Single Family Residence
- Year Built: 2010
Tax Information
- Annual Tax: $5,472
Utilities
- Water & Sewer: Public
- Heating: Central, Electric
- Cooling: Central Air
Location
- County: Pasco
Listing Details
Investment Summary
- Monthly Cash Flow
- -$910
- Cap Rate
- 4.1%
- Cash-on-Cash Return
- -9.6%
- Debt Coverage Ratio
- 0.65
- Internal Rate of Return (5 years)
- -5.3%
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:
| $495,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$396,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $99,000 |
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:
| $14,850 |
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:
| $113,850 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 2,618 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $189 |
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:
| $1.18 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $396,000 |
|---|---|
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:
| 6.810% |
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:
| $2,584 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $456 |
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:
| $217 |
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:
| $3,257 |
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:
| $3,100 | $37,200 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$186 | -$2,232 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $2,914 | $34,968 |
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. | 15% | -$456 | -$5,472 |
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% | -$217 | -$2,604 |
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% | -$248 | -$2,976 |
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% | -$155 | -$1,860 |
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% | -$155 | -$1,860 |
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. | 0% | -$9 | -$108 |
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 | 40% | -$1,240 | -$14,880 |
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:
| $1,674 | $20,088 |
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. | -$2,584 | -$31,008 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $910 | $10,920 |