$1,473,990
Investment Summary
- Monthly Cash Flow
- -$6,357
- Cap Rate
- 1.1%
- Cash-on-Cash Return
- -22.5%
- Debt Coverage Ratio
- 0.17
- Internal Rate of Return (5 years)
- -17.7%
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
Unlike the Knicks, this home is championship material. With a basketball court and a saltwater pool, this 4,600-square-foot estate isn't just luxury, it's built for gameday and getaway. Step off the court and straight into your own saltwater spa for peak recovery. Whether you're shooting hoops or hosting a summer bash, every inch of this home delivers MVP energy. Oh, and the guest house? That’s your sixth man: always ready, never in the way. Featuring over 5,900 square feet of total living space (4,631 heated), this incredible fully fenced home includes six bedrooms, five full bathrooms plus a powder bath, a bonus room, all courtyard-style around the pool with a three-car garage. And not that you need more, but this one is located in the gated, private section of King Lake Estates at the Epperson Lagoon Community, hello, resort vibes! Built by DRB Homes, the modern courtyard floor plan is spacious yet cozy, with a large lanai and sliding glass doors for seamless indoor-outdoor living and effortless entertaining. Situated on a corner lot where neighbors can’t peek into your pool oasis. Upon arrival, you’ll notice the interior is "dressed up" with custom trim, tray ceilings, a coffered ceiling, crown molding, slat wood panels, an oversized custom quartz fireplace, and large 8' doors. There are multiple glass sliding doors on the west side of the house, so sunset pool days or chill evenings on the couch come with the best views. Feeling like it's more of a movie night? Roll down those shades and cozy up in front of the fireplace. The kitchen features quartz waterfall-style countertops, a walk-in pantry, double ovens, custom lighting, and a dining area perfectly positioned between the kitchen and the secondary sliding door to the pool area. The primary suite is on the first floor and also has direct access to the pool area. Adorned with slat wood panels, this warm space is your retreat at the end of the day. It includes an en suite bathroom, double closets, and a walk-in shower with a separate bathtub. The second and third bedrooms are also on the first floor, with two more bedrooms and a bonus room on the second floor. Step onto the balcony overlooking the pool area and take in the beautiful Florida sunset. The sixth room is ideal for multigenerational living: completely separate from the main house with its own private entry and pool access, the Casita (ADU) includes a bedroom, full bathroom, and a mini kitchen with microwave, mini fridge, and sink. Located minutes from Overpass Rd./SR-75, for a quick ride restaurants and Downtown Tampa. This home is located in the Epperson North Lagoon Community, with the Publix Plaza at Innovation Spring and 2 minutes from the local Starbucks and Chick Fil-A (coming soon). The Epperson HOA quarterly fee is only $237 per quarter and includes cable + the fastest internet in the nation, Ultra-Fi. The Crystal Lagoon Membership Fee is $134 per quarter. The closest Elementary Schools are Innovation Preparatory Academy, Watergrass Elementary School & Wesley Chapel Elementary. The Kirkland K-8 Charter School is just a few blocks away The closest middle school is Thomas Weightnman Middle School. The nearest high schools are Kirkland Academy of Innovation High School and Wesley Chapel HS. This home is located about 10 minutes away from KRATE (the new outdoor mall), 35 minutes north of Downtown Tampa, 45 minutes from Tampa International Airport, and 90 minutes from Orlando and Walt Disney World theme parks.
Build Your Team
Quickly find investor-friendly professionals who can help you succeed in real estate investing at any stage of the investing journey.
Agents
Match with investor-friendly agents who can help you find, analyze, and close your next deal
Lenders
Get the best funding…find investor-friendly lenders who specialize in your deal strategy
Property Managers
Transition to passive investing. Find a trusted property management partnership that lasts.
Tax Pros & Accountants
Taxes and financial reporting made easy—find experts to create tax savings strategies, file taxes, and more
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 (Total): 6.0
Interior Features
- # of Rooms: 3
- # of Stories: 2
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Concrete Block
- Foundation: Slab
- Roof Type: Gable
- Roof Material: Shingle
- Pool: Yes
HOA
- Has HOA: Yes
- Association: BREEZE HOME / KAI
- HOA Fee: $237/quarterly
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 2625200190012000290
- Lot Size: 14353 sqft
Property Information
- Property Type: Single Family Residence
- Year Built: 2021
Tax Information
- Annual Tax: $11,974
Utilities
- Water & Sewer: Public
- Heating: Central
- Cooling: Central Air
Location
- County: Pasco
Listing Details
Investment Summary
- Monthly Cash Flow
- -$6,357
- Cap Rate
- 1.1%
- Cash-on-Cash Return
- -22.5%
- Debt Coverage Ratio
- 0.17
- Internal Rate of Return (5 years)
- -17.7%
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:
| $1,473,990 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$1,179,192 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $294,798 |
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:
| $44,220 |
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:
| $339,018 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 4,631 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $318 |
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:
| $0.76 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $1,179,192 |
|---|---|
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:
| 6.810% |
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:
| $7,695 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $998 |
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:
| $245 |
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:
| $8,938 |
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:
| $3,500 | $42,000 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$210 | -$2,520 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $3,290 | $39,480 |
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. | 29% | -$998 | -$11,974 |
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% | -$245 | -$2,940 |
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% | -$280 | -$3,360 |
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% | -$175 | -$2,100 |
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% | -$175 | -$2,100 |
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% | -$79 | -$948 |
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 | 56% | -$1,952 | -$23,422 |
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:
| $1,338 | $16,056 |
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. | -$7,695 | -$92,340 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $6,357 | $76,284 |