$419,995
Investment Summary
- Monthly Cash Flow
- -$737
- Cap Rate
- 4.0%
- Cash-on-Cash Return
- -9.2%
- Debt Coverage Ratio
- 0.66
- Internal Rate of Return (5 years)
- -4.9%
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
MULTIPLE OFFERS- <br><br> WELCOME TO OAK CREEK IN RIVERVIEW- An Absolutely Great Location Providing You Access to Interstate 75, US 301, US 41, SR 60, & the Selmon Crosstown Expressway with a Short Commute to Many Major Attractions Throughout the Tampa Bay Area; Some of Florida’s Finest Beaches, Marinas, Golf Courses, Community Parks, Restaurants, & Shopping Await Your Enjoyment. <br> <br>DISCOVER ONE OF THE MOST EXCITING AND PRESTIGOUS HOMES IN ALL OF SOUTH SHORE- Over $100k of Visibly and Easily Noticeable Quality Upgrades- Pride of Ownership is Truly Defined within this Well Appointed, Well Maintained Home that Shows Like a Luxurious Model; Providing Amazing Curb Appeal Featuring a Beautiful Marble Stone Exterior, Simplistic Landscaping with Palm Trees, Upgraded Modern Lighting, and a Perfect Touch of Curbing with Granite- TAKE ADVANTAGE of this Excellent Opportunity with a Highly Desirable, Distinguished, and Convenient Open Split-Bedroom Floor Plan with this 4 Bed, 2 Bath, 2 Car Garage Boasting 2,579 TOTAL Sq.Ft. <br><br> Enjoy Pure Elegance with a Mixture of Modern and Contemporary Design Fully Customized to Enable You to Have a Truly Unique Experience- As You Enter, You are Immediately Embraced by the Gorgeous Marble Stone and the Tile that Flows Effortlessly Throughout with Custom Marble Archways and Niches and a Very Spacious and Accommodating Home that Provides an Excellent Amount of Natural Sunlight; To Your Left is the Formal Living/Dining Room with Modern Lighting and Laminate Wood Flooring that Compliments the Cabinets in the Eat In Kitchen Equipped with an Island and a Breakfast Bar with Custom Columns, Modern Lighting, BRAND NEW Blk Stainless Steel Appliances, Travertine Backsplash, Upgraded Hardware for Cabinets with Matching Faucet, Upgraded Shelving in the Pantry, and a Perfectly Placed Nook with a Custom Window Build Out. The Kitchen Overlooks the Family Room with a Custom-Built Recessed TV and Fireplace Wall with a Marble Stone and Tile Surround Equipped with a BRAND-NEW TV, Fireplace, and Amplifier/Receiver Wired with 5 Channel Surround Sound. <br><br>The Master Suite is Full of Opportunity Located at the Rear of the Home and is Absolutely a MUST SEE- Providing You with a Custom Recessed TV and Fireplace Wall with Marble Stone Surround Equipped with a BRAND NEW TV and Fireplace, Large Walk-In Closet with Custom Shelving, Tile Flooring Throughout, Fully Customized/Upgraded Master Bathroom with Floor to Ceiling Marble Stone, a Soothing Garden Tub for Enhanced Relaxation with a Separate Shower with Floor to Ceiling Frameless Glass, Dual/Separate Vanity, and Separate Toilet Room.<br><br> The 3 Guest Bedrooms with Laminate Flooring and Upgraded Closets and the Fully Customized/Upgraded Bathroom with Floor to Ceiling Herringbone Marble Stone, are Located in the Front of the Home on a Separate Hall with the Fully Upgraded Laundry Room Equipped with a BRAND-NEW CHAMPAGNE Washer/Dryer and Matching Cabinets.<br><br> DON’T MISS OUT on this GREAT OPPORTUNITY- Home Interior/Exterior Freshly Painted/Sealed, BRAND NEW Lighting/Fans, Hardware, Shelving, Kitchen Appliances, Washer/Dryer, TV's & Fireplaces, Quality Materials (Travertine, Marble, Granite), Window Treatments, Alarm, Intercom System, & more.<br><br> Great Home/ Excellent Price- Great Community/Excellent Location- Make This House Your New Home Today.<br><br> ***View the 3 Minute Walk-Through Video & 3D Panoramic Virtual Tour***
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Location
Property Details
Parking
- Description: Garage
- Details: Attached
- Garage Spaces: 2
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 4
Bathroom Information
- # of Baths (Full): 2
- # of Baths (Total): 2.0
Interior Features
- # of Rooms: 10
- # of Stories: 1
Exterior Features
- Exterior Walls Materials: Stucco
- Foundation: Slab
- Roof Type: Gable or Hip
- Roof Material: Shingle
HOA
- Has HOA: Yes
- Association: Greenacre Properties Inc/ Kevin Krueger
- HOA Fee: $150/semi-annually
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: U13301974Z000008000680
- Lot Size: 6050 sqft
Property Information
- Property Type: Single Family Residence
- Year Built: 2005
Tax Information
- Annual Tax: $5,917
Utilities
- Water & Sewer: Public
- Heating: Central
- Cooling: Central Air
Location
- County: Hillsborough
Listing Details
Investment Summary
- Monthly Cash Flow
- -$737
- Cap Rate
- 4.0%
- Cash-on-Cash Return
- -9.2%
- Debt Coverage Ratio
- 0.66
- Internal Rate of Return (5 years)
- -4.9%
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:
| $419,995 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$335,996 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $83,999 |
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:
| $12,600 |
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:
| $96,599 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 2,004 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $210 |
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:
| $1.40 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $335,996 |
|---|---|
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:
| $2,151 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $493 |
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:
| $196 |
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:
| $2,840 |
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:
| $2,800 | $33,600 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$168 | -$2,016 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $2,632 | $31,584 |
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% | -$493 | -$5,917 |
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% | -$196 | -$2,352 |
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% | -$224 | -$2,688 |
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% | -$140 | -$1,680 |
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% | -$140 | -$1,680 |
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. | 1% | -$25 | -$300 |
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% | -$1,218 | -$14,617 |
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:
| $1,414 | $16,968 |
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. | -$2,151 | -$25,812 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | -$737 | -$8,844 |