$775,000
Investment Summary
- Monthly Cash Flow
- -$1,828
- Cap Rate
- 3.3%
- Cash-on-Cash Return
- -12.3%
- Debt Coverage Ratio
- 0.54
- Internal Rate of Return (5 years)
- -7.9%
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
10 ACRES of Country Class, Modern Comfort and MINI FARM Living in Plant City, FL If your dream is to wake up to the sound of roosters, pick fruit from your own orchard, sip coffee on a breezy porch, and still be within minutes of I-4, welcome home. This 3 bedroom, 2 bath block ranch estate on 10 ACRES delivers modern upgrades, endless agricultural potential, and the perfect setup for a thriving mini farm plus a picturesque creek on the property, adding both beauty and utility. Inside the Home? Freshly updated from top to bottom, this home blends rustic charm with modern convenience. HURRICANE GRADE IMPACT ENERGY EFFICIENT SLIDER WINDOWS fill the home with light while keeping energy bills low. The open concept floor plan flows through the living, dining, and kitchen areas, perfect for hosting family gatherings or neighborly potlucks. The farmhouse-inspired kitchen is a showstopper: soft-close white SHAKER CABINETS with two lazy Susans for maximum storage, sleek GRANITE countertops with matching backsplash, a deep stainless steel sink with a black gooseneck faucet, and a brand NEW dishwasher and microwave, Kenmore stove and fridge complete the setup. Bathrooms sparkle with granite tops, floor-to-ceiling tile showers and matte black fixtures. Luxury laminate plank flooring runs throughout, while the garage boasts a durable EPOXY FLOOR for easy clean-up after market days or farm projects. Practical, Modern Upgrades: ROOF 6 YEARS OLD, NEW AC/HEATING SYSTEM, NEW WATER HEATER, FRESH INTERIOR AND EXTERIOR PAINT, Maytag metallic slate washer/dryer, GENERATOR with manual transfer switch for home backup Outside is Your own Mini Farm, Your Way. Whether your heart is in horse boarding, hobby farming, or farm-to-table entrepreneurship, this land is ready for it all. 9-Stall STABLE, needs some TLC, is Ideal for boarding horses or your own herd. Large open area for equipment storage. Two GREENHOUSES (1,700 sq ft total), Perfect for specialty crops, seed starting, or year-round growing, TLC needed. CHICKEN COOP for Fresh eggs/ STORAGE SHED 20 X 10, ready for tools and feed. RV/CAMPER HOOKUP , ORCHARD & GARDENS, The land is already PRODUCING A FRESH VARIETY OF FRUITS: avocado, mango, citrus, papaya, peach, pomegranate, banana, blueberries, muscadine grapes, and pineapples. Imagine selling your own fresh produce at local markets, supplying nearby restaurants, or simply stocking your pantry with homegrown goodness. Lifestyle Opportunities are endless, Equestrian, Board horses, train, or host riding lessons. Agriculture, Sell produce, run a CSA, or cultivate flowers and specialty crops in the greenhouses. Events, Host goat yoga, farm tours, seasonal festivals, or farm-to-table dinners by the CREEK under the stars. Self-Sufficiency, With a well, septic, orchard, and greenhouses, you can live largely off the land. Rental Income, Use the stables, greenhouses, or land as income avenues. Just 3 miles from I-4, this property offers the perfect combination of rural tranquility and easy access to urban amenities. Whether your seeking a peaceful retreat, an idyllic homestead, or simply a place to call home, this property delivers it all. Welcome to your Florida Paradise.
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Location
Property Details
Parking
- Description: Garage
- Details: RV Access/Parking, Attached
- Garage Spaces: 2
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 3
Bathroom Information
- # of Baths (Full): 2
- # of Baths (Total): 2.0
Interior Features
- # of Rooms: 7
- # of Stories: 1
Exterior Features
- Exterior Walls Materials: Stucco
- Foundation: Block
- Roof Type: Gable or Hip
- Roof Material: Shingle
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: U172821ZZZ000003606900
- Lot Size: 427759 sqft
Property Information
- Property Type: Single Family Residence
- Style: Ranch
- Year Built: 1971
Tax Information
- Annual Tax: $3,279
Utilities
- Water & Sewer: Private, Well
- Heating: Central, Electric
- Cooling: Central Air
Location
- County: Hillsborough
Listing Details
Investment Summary
- Monthly Cash Flow
- -$1,828
- Cap Rate
- 3.3%
- Cash-on-Cash Return
- -12.3%
- Debt Coverage Ratio
- 0.54
- Internal Rate of Return (5 years)
- -7.9%
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:
| $775,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$620,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $155,000 |
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:
| $23,250 |
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:
| $178,250 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 1,512 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $513 |
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:
| $2.31 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $620,000 |
|---|---|
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:
| $3,970 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $273 |
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:
| $245 |
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:
| $4,488 |
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:
| $3,500 | $42,000 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$210 | -$2,520 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $3,290 | $39,480 |
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. | 8% | -$273 | -$3,280 |
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% | -$245 | -$2,940 |
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% | -$280 | -$3,360 |
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% | -$175 | -$2,100 |
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% | -$175 | -$2,100 |
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 | 33% | -$1,148 | -$13,780 |
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:
| $2,142 | $25,704 |
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. | -$3,970 | -$47,640 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $1,828 | $21,936 |