$849,999
Investment Summary
- Monthly Cash Flow
- -$1,694
- Cap Rate
- 3.9%
- Cash-on-Cash Return
- -10.4%
- Debt Coverage Ratio
- 0.62
- Internal Rate of Return (5 years)
- -6.1%
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
A UNIQUE PROPERTY WITH ENDLESS OPPORTUNIES, LOOKING FOR INVESTMENT AIRBNB, THIS CAN BE 3-4 UNIT AIRBNB, LARGE FAMILY RENTAL, IT CAN BE USED AS A PRIVATE FAMILY RETREAT WITH AN IN LAW SUITE/ MINI APPARTMENT. A 6 PERSON OR LESS CARE FACILITY, JUST SO MUCH WITH THIS AWESOME PROPERTY THAT SITS ON 1 ACRE, WITH NO REAR NEIGHBORS. AS YOU ENTER THROUGH THE DOUBLE GATES THAT LEADS YOU INTO THE COURTYARD A GREAT PATIO AREA, SALT WATER POOL AND A HOT TUB, STRAIGHT AHEAD TO THE NEW PORCH AND STAIR CASE THAT LEADS YOU TO DOUBLE SLIDING DOORS THAT MAKES FOR A GREAT SITTING AREA WHILE OVER LOOKING YOUR COURTYARD. THIS WAS THE MAIN HOME THAT WAS BUILT IN 1977, IT HAS KITCHEN, LIVINGROOM, DINING ROOM, 3 BEDROOMS, 2 BATHS, PLUS A SUNROOM/FLORIDA ROOM. THE AREA TO THE LEFT IS A GREAT ROOM THATS LIGHT AND BRIGHT WITH HIGH CIELINGS,THE AREA HAS A WET BAR AND A FULL BATH THAT CAN BE ACCESS FROM THE POOL. THIS ROOM HAS SO MUCH POTENTIAL, WITH A WOOD BURNING FIRE PLACE, THIS CAN MAKE A GREAT SPACE FOR FAMILY GATHERINGS, HOLIDAY PARTIES, A GAME ROOM, A HOME THEATER, GYM, LIBRARY, JUST USE YOUR CREATIVITY, IT WAS BUILT IN 2007/2008. THE OPOSITE SIDE OF THE POOL IS ANOTHER ENORMOUS SPACE WITH A SEPERATE ENTRANCE THAT LEADS TO AN UNBIELIVABLE MASTER SUITE, IN LAW SUITE OR USE AS A RENTAL APPARTMENT. IT HAS A LIVINGROOM, KITCHENETTE, A LARGE BEDROOM, A DREAM BATHROOM, WITH DUAL VANITY, SEPERATE TOILETRY ROOM, LARGE WALK IN SHOWER WITH MULTIPLE SHOWER HEADS, A HOT TUB (WORKS GREAT BUT NEEDS THE STAIRS REBUILT AROUND IT) THIS AREA HAS IT ALL PLUS A SEE THRU GAS FIREPLACE, BETWEEN THE BEDROOM AND THE BATHROOM SITTING AREA. THIS AREA HAS A WALK IN CLOSET THAT HAS AMPLE AMOUNT OF SPACE. OFF THIS AREA IS A 30FT BALCONY. THIS BUILDING WAS BUILT IN 2007/2008 AND HAS ABOUT 1900 SQ FT. PLUS A SAFE ROOM BUILT OF CONCRETE, STEEL DOOR AND A AREA THAT HAS A SINK AND CAN BE USED HOWEVER YOU WOULD LIKE TO. AFTER ALL THIS, WHAT ELSE BUT A 5 CAR GARAGE GREAT FOR THAT CAR ENTHUSIAST OR BRING ALL YOUR TOYS YOU WILL HAVE PLENTY OF ROOM. THE CURRENT OWNERS HAVE DONE SO MUCH ALREADY, FROM FRESH NEW PAINT INSIDE AND OUT, NEW FLOORING THROUGH OUT THE PROPERTY, ALL NEW COUNTRY STYLE KITCHEN WITH NEW CABINETS, BUTCHER BLOCK COUNTER TOPS, ALL NEW FIXTURE, APPLIANCES, AND A LARGE ISLAND, ALL BATHROOMS HAVE BEEN UPDATED, SOME WINDOWS HAVE BEEN REPLACED WITH DOUBLE PAYNE WINDOWS IN THE ORIGINAL PORTION OF THE HOME, ALONG WITH NEW CEILING FANS AND LIGHT FIXTURES. ROOF IS 2008. 3 A/C UNITS 3 ZONES 2008, WELL REPLACED 2016, 2 WATER HEATERS ONE ON DEMAND AND ONE IS REGULAR, 2 SEPTICS ONE ON EACH SIDE OF HOME ONE DONE 2008 AND THE OTHER 2021/2022. PROPERTY HAS NO HOA, NO FLOOD ZONE, AND IS ZONED ER. YOU CAN BRING YOUR ANIMALS. YOU FEEL LIKE YOU ARE MILES AWAY FROM EVERYTHING BUT YOU ARE CLOSE TO SUNCOAST PARKWAY, STARKEY PARK AND BIKE TRAIL, CLOSE TO TAMPA AIRPORT, ORLANDO THEME PARKS, BEACHES, RESTRAUNTS, STORES AND SO MUCH MORE. DON'T LET THIS UNIQUE PROPERTY PASS YOU BY, A MUST SEE.
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Location
Property Details
Parking
- Description: Covered, Driveway, Garage Door Opener, Ground Level, Oversized, Tandem, Workshop in Garage
- Details: Covered, Driveway, Garage Door Opener, Oversized, Tandem, Workshop in Garage, Attached
- Garage Spaces: 5
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 4
Bathroom Information
- # of Baths (Full): 4
- # of Baths (Total): 4.0
Interior Features
- # of Rooms: 4
- # of Stories: 1
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Concrete Block
- Foundation: Block, Slab
- Roof Type: Gable
- Roof Material: Other, Shingle
- Pool: Yes
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 362516002C000000790
- Lot Size: 43706 sqft
Property Information
- Property Type: Single Family Residence
- Style: Ranch
- Year Built: 1977
Tax Information
- Annual Tax: $12,457
Utilities
- Water & Sewer: Private, Well
- Heating: Electric, Zoned
- Cooling: Central Air, Zoned
Location
- County: Pasco
Listing Details
Investment Summary
- Monthly Cash Flow
- -$1,694
- Cap Rate
- 3.9%
- Cash-on-Cash Return
- -10.4%
- Debt Coverage Ratio
- 0.62
- Internal Rate of Return (5 years)
- -6.1%
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:
| $849,999 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$679,999 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $170,000 |
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:
| $25,500 |
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:
| $195,500 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 6,527 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $130 |
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:
| $0.84 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $679,999 |
|---|---|
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:
| 6.840% |
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:
| $4,451 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $1,038 |
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:
| $385 |
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:
| $5,874 |
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:
| $5,500 | $66,000 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$330 | -$3,960 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $5,170 | $62,040 |
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. | 19% | -$1,038 | -$12,457 |
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% | -$385 | -$4,620 |
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% | -$440 | -$5,280 |
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% | -$275 | -$3,300 |
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% | -$275 | -$3,300 |
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 | 44% | -$2,413 | -$28,957 |
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:
| $2,757 | $33,084 |
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. | -$4,451 | -$53,412 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $1,694 | $20,328 |