$1,179,000
Investment Summary
- Monthly Cash Flow
- -$3,306
- Cap Rate
- 2.8%
- Cash-on-Cash Return
- -14.6%
- Debt Coverage Ratio
- 0.45
- Internal Rate of Return (5 years)
- -10.2%
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
Sophistication, architectural elegance, and refined living converge in this former model home—an ICI Teramo design, entered into the 2013 Parade of Homes and showcasing exceptional craftsmanship and elevated finishes. Located within the exclusive, guard-gated Grand Hampton community, this 5-bedroom, 3.5-bath, 3-car garage estate is a Mediterranean-inspired masterpiece with no rear neighbors and serene pond views epitomizing Florida luxury living. Upon arrival, the curb appeal impresses—professionally manicured landscaping, timeless tile roof, custom paver driveway, and tropical palms frame the entry. A charming paved seating area welcomes guests in true resort style. Step through grand wood-framed glass double doors into an interior of meticulous design. The formal dining room, left of the foyer, features arched ceilings, architectural columns, and timeless sophistication. To the right, a private office with rich wood floors, crown molding, and a modern light fixture creates a refined workspace. The first-floor primary suite is a sanctuary with arched ceilings, decorative columns, warm wood floors, upgraded lighting, and a beautiful chandelier. A tranquil sitting area opens to the lanai with peaceful views. The expansive custom walk-in closet is thoughtfully designed. The en-suite bath boasts dual vanities, a garden tub with chandelier, and a walk-in shower —offering spa-level comfort. The main living area blends luxury and livability with dramatic marble wall paneling, tray ceilings, recessed lighting, and a designer chandelier. Panoramic three-panel glass sliders fully retract into the wall, creating seamless indoor-outdoor flow and framing stunning pond views. The gourmet kitchen features custom solid wood cabinetry with Certified KCMA 42-inch crown molding, granite countertops, under-cabinet and recessed lighting, new designer hardware, Stainless Steel Energy Star Appliances, and a spacious dining area. A vented pantry completes this chef’s dream. Also on the main level: a half bath, laundry room with upgraded cabinetry and utility sink, and an oversized 3-car garage with Smart Garage Opener. Ascend the staircase, highlighted by new iron balusters, to the second floor where four spacious bedrooms offer ample closets and natural light. A flexible media room/loft/gym features updated industrial hardwood flooring and opens to a rear balcony with tranquil pond views. Step outside to your private resort-style retreat. Custom paver decking surrounds a heated pool and spa finished with a non-slip, stain-resistant pebble-bottom surface. Enjoy three cascading water walls, multicolor lighting, a gas quick-connect for grilling, and Florida Glass privacy paneling. The fully screened lanai and fenced backyard feature elegant aluminum fencing, plus a child safety fence around the pool and a convenient dog door—perfect for safety, privacy, and entertaining. Notable upgrades include: 8-ft doors throughout both levels, HERS RESNET Certified, High-performance thermal-tinted windows and glass doors, Tankless hybrid water heater, Dual-zone HVAC systems, Programmable thermostats, Water-conserving fixtures, Security system, Newer pool heater. Grand Hampton offers resort-style amenities: clubhouse, fitness center, lap and resort pools, tennis courts, playgrounds, and walking trails. Ideally located near I-75 and I-275—minutes from AdventHealth, The Shops at Wiregrass, Tampa Premium Outlets and more. This home isn’t just luxurious—it’s a lifestyle.
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Location
Property Details
Parking
- Description: Garage
- Details: Driveway, Garage Door Opener, Attached
- Garage Spaces: 3
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 5
Bathroom Information
- # of Baths (Full): 3
- # 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: Tile
- Pool: Yes
HOA
- Has HOA: Yes
- Association: Chris Haines
- HOA Fee: $581/quarterly
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: A02271971X000006000340
- Lot Size: 11749 sqft
Property Information
- Property Type: Single Family Residence
- Style: Mediterranean
- Year Built: 2013
Tax Information
- Annual Tax: $12,075
Utilities
- Water & Sewer: Public
- Heating: Central, Natural Gas
- Cooling: Central Air
Location
- County: Hillsborough
Listing Details
Investment Summary
- Monthly Cash Flow
- -$3,306
- Cap Rate
- 2.8%
- Cash-on-Cash Return
- -14.6%
- Debt Coverage Ratio
- 0.45
- Internal Rate of Return (5 years)
- -10.2%
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:
| $1,179,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$943,200 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $235,800 |
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:
| $35,370 |
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:
| $271,170 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 4,191 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $281 |
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:
| $1.36 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $943,200 |
|---|---|
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:
| $6,039 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $1,006 |
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:
| $399 |
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:
| $7,444 |
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:
| $5,700 | $68,400 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$342 | -$4,104 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $5,358 | $64,296 |
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% | -$1,006 | -$12,075 |
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% | -$399 | -$4,788 |
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% | -$456 | -$5,472 |
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% | -$285 | -$3,420 |
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% | -$285 | -$3,420 |
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. | 3% | -$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 | 46% | -$2,625 | -$31,503 |
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:
| $2,733 | $32,796 |
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. | -$6,039 | -$72,468 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | -$3,306 | -$39,672 |