$630,000
Investment Summary
- Monthly Cash Flow
- -$1,639
- Cap Rate
- 3.0%
- Cash-on-Cash Return
- -13.6%
- Debt Coverage Ratio
- 0.49
- Internal Rate of Return (5 years)
- -9.1%
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. One or more photo(s) has been virtually staged. NOT IN A FLOOD ZONE | NEW ROOF 2024 | BOTH A/C UNITS REPLACED 2025 | FULL INTERIOR REPAINT. Welcome to a rare opportunity to own a one-owner, custom-designed residence in the exclusive, guard-gated enclave of Grand Hampton—one of Tampa Bay’s most sought-after master-planned communities. Tucked away on a quiet, tree-lined street, this expansive two-story home offers timeless curb appeal, lush landscaping, and a welcoming front porch that sets the tone for the elegance inside. Step through the front door and into a grand foyer where 9.5-foot ceilings, natural light, and easy-to-maintain tile flooring create an immediate sense of sophistication. To your right, French doors open into a sun-drenched private office, ideal for working from home in style and comfort. To the left, you’ll find a convenient half bath and a massive walk-in storage closet—perfect for keeping everyday essentials tucked away. Just beyond, the generously sized primary suite serves as a serene retreat, complete with his-and-her walk-in closets and a luxurious en suite bath featuring dual vanities, granite countertops, maple cabinetry, a soaking tub, and a glass-enclosed shower. Continue your tour into the formal dining room—perfect for intimate dinners or festive holiday gatherings—before arriving at the heart of the home: the fully renovated gourmet kitchen. A true showpiece, this culinary space has been completely reimagined with brand-new white soft-close cabinetry, sleek quartz countertops, a designer tile backsplash, and an oversized island that anchors the space with elegance and function. High-end stainless steel appliances, a 5-burner gas cooktop, and multiple sets of 42" upper cabinets offer both beauty and practicality. Every detail has been thoughtfully curated to elevate the cooking experience, while the open-concept design effortlessly flows into the expansive family room and sunlit dinette—creating the perfect environment for entertaining or everyday living. Upstairs, discover four generously sized bedrooms, each offering ample closet space and access to two well-appointed full baths—one a Jack-and-Jill design, the other conveniently located just across the hall. Two additional bonus rooms provide endless flexibility for a media room, home gym, secondary office, or playroom—tailor these spaces to fit your lifestyle. Outside, enjoy Florida living at its finest on the covered lanai, a peaceful spot to relax or entertain while surrounded by the lush, mature landscape unique to Grand Hampton. Notable Upgrades Include: New carpet throughout, Tankless water heater, Enhanced insulation, including a radiant barrier in the attic and additional wall insulation for energy efficiency, full interior repaint, and 3-car garage for ample storage including overhead racks. The community provides a wealth of amenities, including a 24-hour manned gate, state-of-the-art clubhouse, fitness center, playgrounds, lake access, and heated pools—including a lagoon-style pool with slide and a lap pool. Additional recreational features include tennis courts and basketball courts. Conveniently located near major highways I-75 and I-275, this property is just a short drive to local attractions such as Advent Hospital, PHSC, AdventHealth Center Ice, The Shops at Wiregrass, and Tampa Premium Outlets. Don’t miss your chance to own this exceptional home. Schedule your private showing today! For a virtual tour, click the provided link and experience the beauty of this remarkable property.
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Location
Property Details
Parking
- Description: Driveway, Garage Door Opener, Garage Faces Rear
- Details: Driveway, Garage Door Opener, Garage Faces Rear, Attached
- Garage Spaces: 3
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 5
Bathroom Information
- # of Baths (Full): 3
- # of Baths (Partial): 1
- # of Baths (Total): 4.0
Interior Features
- # of Rooms: 10
- # of Stories: 2
Exterior Features
- Exterior Walls Materials: Stucco
- Foundation: Slab
- Roof Type: Gable or Hip
- Roof Material: Shingle
HOA
- Has HOA: Yes
- Association: Chris Haines/Melrose Management
- HOA Fee: $581/quarterly
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: A03271998F000015000040
- Lot Size: 9792 sqft
Property Information
- Property Type: Single Family Residence
- Style: Traditional
- Year Built: 2012
Tax Information
- Annual Tax: $7,596
Utilities
- Water & Sewer: Public
- Heating: Central, Heat Pump
- Cooling: Central Air
Location
- County: Hillsborough
Listing Details
Investment Summary
- Monthly Cash Flow
- -$1,639
- Cap Rate
- 3.0%
- Cash-on-Cash Return
- -13.6%
- Debt Coverage Ratio
- 0.49
- Internal Rate of Return (5 years)
- -9.1%
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:
| $630,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$504,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $126,000 |
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:
| $18,900 |
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:
| $144,900 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 3,110 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $203 |
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:
| $1.13 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $504,000 |
|---|---|
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:
| $3,227 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $633 |
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:
| $4,105 |
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. | 18% | -$633 | -$7,596 |
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. | 6% | -$194 | -$2,328 |
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 | 49% | -$1,702 | -$20,424 |
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:
| $1,588 | $19,056 |
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. | -$3,227 | -$38,724 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | -$1,639 | -$19,668 |