$351,900
Investment Summary
- Monthly Cash Flow
- -$544
- Cap Rate
- 4.3%
- Cash-on-Cash Return
- -8.1%
- Debt Coverage Ratio
- 0.70
- Internal Rate of Return (5 years)
- -3.8%
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
The Seller is Offering to Pay $5000 of the Buyers Closing Costs and Pre-Paids !!! This Stunning Three Bedroom, Two Bathroom, Pool Home built by Pine Aire Homes is Gorgeous and has been lovingly maintained by the original owners. There is a Brand New 30 year three-dimensional shingle roof installed June 20, 2025. The Home is conveniently located just ten minutes from the Vetrans Parkway in Rainbow Hills Estates making for an easy commute to Wesley Chapel, Tampa or St Pete. Rainbow Hills Estates is a beautiful community that offers an optional HOA and is located in a no flood zone. The Home offers an exceptional blend of comfort and elegance. Nestled on a beautifully landscaped 1/2 acre lot, the home features a long driveway that provides ample parking and beautiful curb appeal. Inside, you'll find gorgeous tile and laminate wood flooring throughout, leading to a spacious living room illuminated by a skylight. The Spacious Kitchen is a chef's dream, showcasing real wood cabinets, abundant counter space, and a custom built pass-through that connects to the living room. There is a cozy wood-burning fireplace with a custom made brick front that adds charm to the space. The master bedroom is a luxurious retreat, complete with laminate flooring, a large walk-in closet, and a master bathroom featuring a relaxing Jacuzzi tub, a separate step-in shower, separate commode and a beautiful solid wood vanity with lots of storage space. The Home also boasts a breakfast nook with a gorgeous inverted tray ceiling and bay windows that overlook the picturesque, fenced in half-acre backyard, complete with a shed. You will love the stunning pool featuring a relaxing waterfall. Imagine spending your summer days, relaxing by the pool, dining poolside and enjoying time with friends and family and having fun. The backyard is great for family barbecues, games of tag, playing kickball, soccer or simply enjoying the beautiful Florida sunshine. Adjacent to the pool is a generous Florida room, measuring 23.5 X 10.4 equipped with sliding glass doors that create a seamless indoor-outdoor experience. This room is vented for A/C and Heat making it the perfect space to have a Home Office, Home Gym, Man Cave, Pool Table, Home Theatre or a Playroom for the kids. The Formal Dining Room is lovely with beautiful bay windows overlooking the front of the home. There is a large inside laundry room complete with a sink and solid wood cabinets for all your storage needs. Guest bedroom one is spacious with a walk in closet. The second bedroom is open and bright and also features a large closet. There is a convenient pool bathroom with a tub-shower combo and beautiful solid wood vanity with dual sinks. The home's amenities are rounded out by a newer hot water heater 2017, an irrigation system to maintain the lush lawn, and gutters for added protection. This well-maintained, home truly exemplifies comfort and style, perfect for both relaxation and entertainment. The home is located close to Hospitals, Doctors, Schools Shopping and Dining. You can enjoy nearby attractions like Weeki Wachee Springs, Pine Island and Hernando Beach. This elegant and beautiful pool home is priced to sell very quickly for only $352,900.
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Location
Property Details
Parking
- Description: Garage
- Details: Driveway, Garage Door Opener, On Street, 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: 8
- # of Stories: 1
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Siding (Alum/Vinyl)
- Foundation: Slab
- Roof Type: Gable or Hip
- Roof Material: Shingle
- Pool: Yes
HOA
- Has HOA: Yes
- HOA Fee: $40/annually
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: R3522317323900000160
- Lot Size: 21507 sqft
Property Information
- Property Type: Single Family Residence
- Style: Contemporary
- Year Built: 1987
Tax Information
- Annual Tax: $1,421
Utilities
- Water & Sewer: Public
- Heating: Central
- Cooling: Central Air, Attic Fan
Location
- County: Hernando
Listing Details
Investment Summary
- Monthly Cash Flow
- -$544
- Cap Rate
- 4.3%
- Cash-on-Cash Return
- -8.1%
- Debt Coverage Ratio
- 0.70
- Internal Rate of Return (5 years)
- -3.8%
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:
| $351,900 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$281,520 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $70,380 |
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:
| $10,557 |
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:
| $80,937 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 1,580 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $223 |
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:
| $1.27 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $281,520 |
|---|---|
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:
| $1,803 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $118 |
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:
| $140 |
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:
| $2,061 |
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:
| $2,000 | $24,000 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$120 | -$1,440 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $1,880 | $22,560 |
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. | 6% | -$118 | -$1,421 |
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% | -$140 | -$1,680 |
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% | -$160 | -$1,920 |
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% | -$100 | -$1,200 |
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% | -$100 | -$1,200 |
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% | -$3 | -$36 |
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 | 31% | -$621 | -$7,457 |
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:
| $1,259 | $15,108 |
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. | -$1,803 | -$21,636 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $544 | $6,528 |