$2,000,000
Investment Summary
- Monthly Cash Flow
- -$5,200
- 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. PRIME LOCATION! Welcome to a FUN RARE LUXURY POOL HOME nestled in a 24/7 GUARD-GATED Prestige Community of Grand Hampton. From the moment you arrive, this RECENTLY UPDATED Custom Residence exudes Elegance & Comfort on a SPRAWLING LOT with Privacy & BREATHTAKING VIEWS of the Surrounding Conservation Area with No Rear Neighbors. ONLY 2-OWNERS initially Occupied by NFL Tampa Bay Bucs Super Bowl Champ! Offering Luxury & Sporting History. The MANICURED LANDSCAPING and long driveway leads you to SPACIOUS GARAGES and a STRIKING ARCHITECTURAL Design. As you step inside this 6 BEDROOM + FULL OFFICE, 5 FULL-BATH and 2 HALF-BATH's, you're greeted by an incredible Light Filled OPEN FLOOR PLAN. The home combines traditional charm with LUXURIOUS MODERN FINISHES. A Grand TWO-STORY foyer sets the stage, adorned with a Feature Staircase, Sparkling Crystal Chandeliers, Designer Flooring, Crown Molding, Tankless Water Heater, Built-in Home Scenting System and whole-home WATER FILTRATION SYSTEM. The Living & Dining spaces are beautifully appointed, perfect for hosting gatherings of any size. The GOURMET CHEF's KITCHEN is a highlight, featuring RICH CUSTOM SOFT-CLOSE CABINETRY with ample STORAGE SPACE and ROLL-OUT CABINETS, Luxurious CAMBRIA Quartz Countertops, and High-End Stainless Steel Appliances. A BONUS BREAKFAST BAR adds casual seating for Family & Friends. Entertainment seamlessly flows into the BACKYARD PARADISE, a Dream for Outdoor Living. OVERSIZED GLASS DOORS with Custom interior MOTORIZED DRAPES lead to an EXPANSIVE PATIO features state-of-the-art remote controlled ENCLOSED SCREENS with TRAVERTINE Stone Flooring. An OUTDOOR KITCHEN: offers a built-in Gas BBQ GRILL, Sink, Fridge, SunBrite-TV, invites culinary adventures. An adjacent OUTDOOR PRIVATE BATHROOM, and in-pool PATIO BUILT IN FIREPIT. A 7ft Deep SALTWATER POOL with Water Fountains & INFINITY SPA along with Multi-Color LED lights complete the RESORT-LIKE EXPERIENCE. Inside, every detail has been Meticulously Designed. OVERSIZED STUNNING MASTER SUITE is located on the Main Level along with EN-SUITE BEDROOM. The Master boasts separate DUAL WALK-IN CLOSETS and PRIVATE PATIO ACCESS. Two separate vanities, Oversized WALK-IN SHOWER, and a SOAKER TUB. Featuring a LARGE UPSTAIRS with a OUTDOOR COVERED BALCONY for relaxation, a Den with IN-CEILING SURROUND SOUND for Entertainment that includes 3 T'Vs, and a WET BAR with Built-In Temp Controlled WINE COOLER. A custom MOVIE THEATER ROOM designed with velvet insulated noise cancelation, plush carpeting, 13 Reclining-Seats equipped with a State-Of-The-Art SONY Projector. The theater delivers HD Visuals that bring Movies to Life, complementing with a PREMIUM SOUND SYSTEM that promises a Cinematic Experience. Grand Hampton offers RESORT-STYLE AMENITIES: heated pool, spa, lap pool, fitness center, tennis/basketball courts, playground, lake w/dock & pier, and walking trails. EASY ACCESS to I-75/275, a SHORT RIDE to DOWNTOWN and AIRPORT. Surrounded by Several GOLF Courses, Athletic Clubs, Private Schools, Colleges & Hospitals. For SHOPPING & DINING Enthusiasts, you're just minutes away from the Wiregrass Mall, Premium Outlet Mall, a Variety of Restaurants along with many ENTERTAINMENT ATTRACTIONS! Whether you're looking for family-friendly activities or leisure pursuits, there's something for everyone. Power was NOT LOST during storms! (under "FACTS & FEATURES" Click on "SHOW MORE" scroll down to VIRTUAL TOUR & WATCH THE VIDEO)
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Location
Property Details
Parking
- Description: Garage
- Details: Attached
- Garage Spaces: 3
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 6
Bathroom Information
- # of Baths (Full): 5
- # of Baths (Partial): 2
- # of Baths (Total): 7.0
Interior Features
- # of Rooms: 15
- # of Stories: 2
- Fireplace: Yes
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: A02271984N000012000050
- Lot Size: 15246 sqft
Property Information
- Property Type: Single Family Residence
- Style: Mediterranean
- Year Built: 2016
Tax Information
- Annual Tax: $18,275
Utilities
- Water & Sewer: Public
- Heating: Central, Electric, Natural Gas
- Cooling: Central Air, Zoned
Location
- County: Hillsborough
Listing Details
Investment Summary
- Monthly Cash Flow
- -$5,200
- 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:
| $2,000,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$1,600,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $400,000 |
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:
| $60,000 |
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:
| $460,000 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 5,382 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $372 |
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:
| $1.82 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $1,600,000 |
|---|---|
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:
| $10,245 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $1,523 |
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:
| $686 |
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:
| $12,454 |
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:
| $9,800 | $117,600 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$588 | -$7,056 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $9,212 | $110,544 |
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. | 16% | -$1,523 | -$18,275 |
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% | -$686 | -$8,232 |
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% | -$784 | -$9,408 |
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% | -$490 | -$5,880 |
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% | -$490 | -$5,880 |
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. | 2% | -$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 | 43% | -$4,167 | -$50,003 |
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:
| $5,045 | $60,540 |
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. | -$10,245 | -$122,940 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | -$5,200 | -$62,400 |