$339,500
Investment Summary
- Monthly Cash Flow
- -$787
- Cap Rate
- 3.5%
- Cash-on-Cash Return
- -12.1%
- Debt Coverage Ratio
- 0.56
- Internal Rate of Return (5 years)
- -7.7%
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
PRICE IMPROVEMENT! $40,000 OFF! SELLER TO HELP WITH CLOSING COSTS! HOME OFFERS MAGNIFICENT POND VIEW, NEW SOLAR PANELS & TESLA CHARGING STATION! Welcome to 10936 Rainbow Pyrite Dr, your dream retreat! Nestled on the edge of a glistening pond, this stunning Florida home offers peaceful water views right from your backyard. Imagine sipping your morning coffee as the sun rises over the water, or relaxing in the evening to the gentle sounds of nature. Situated on a premium lot, this home is the perfect blend of privacy and community. One side is bordered by a fence, offering separation and security from the neighboring home. On the other side, you’ll enjoy the rare luxury of uninterrupted views of a lush, protected preserve—no neighbors, just pure nature. Whether you’re looking to unwind or entertain, this home delivers the ultimate Florida lifestyle. Watch herons and turtles from your patio, or simply soak in the peaceful surroundings. All this, with the convenience of nearby shopping, dining, and top-rated schools. This beautifully maintained home comes equipped with owned solar panels (monthly service fee in lieu of a traditional electric bill), providing energy efficiency and long-term savings from day one. Imagine predictable energy costs, reduced environmental impact, and the convenience of a home that’s already powered for the future. As an added bonus, the property also features a Tesla charging station, making it the perfect fit for electric vehicle owners or anyone planning to make the switch. Enjoy the benefits of sustainable living without sacrificing comfort or style — this home is a smart investment in both your lifestyle and your future. This exceptional home isn’t just energy-efficient — it’s perfectly positioned on a stunning pond with a tranquil preserve on one side, offering unmatched privacy and breathtaking views. Wake up to the sights and sounds of nature, with magnificent birds and native wildlife drawn to this serene, one-of-a-kind setting. With its unique lot, peaceful water views, and thoughtful upgrades, this home is truly a rare find — a perfect blend of modern convenience and natural beauty. Spacious and thoughtfully designed 4-bedroom, 2-bathroom home, offering comfort and accessibility for all. This well-maintained property boasts an open floor plan, generous bedroom sizes, and functional living spaces perfect for families or multigenerational living. Enjoy peace of mind knowing the home is move-in ready and adaptable to a variety of needs. Conveniently located near Sumner High School, Starbucks, CVS, Big Bend Road, US HWY 301, I75, Tamiami Trail, Publix, Ritas Ice, Suncoast Bank, Panera, Sams Club, and so much more! This home won't last long! Schedule your showing today!
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Location
Property Details
Parking
- Description: Garage
- Details: Electric Vehicle Charging Station(s), Off Street, 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: 12
- # of Stories: 1
Exterior Features
- Exterior Walls Materials: Stucco
- Foundation: Block, Slab
- Roof Type: Gable or Hip
- Roof Material: Shingle
- Pool Community: Yes
HOA
- Has HOA: Yes
- Association: Ayersworth Homeowners Association
- HOA Fee: $138/annually
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: U2031209XZ000007000260
- Lot Size: 5750 sqft
Property Information
- Property Type: Single Family Residence
- Style: Contemporary
- Year Built: 2017
Tax Information
- Annual Tax: $7,084
Utilities
- Water & Sewer: Public
- Heating: Central, Electric
- Cooling: Central Air, Humidity Control, Zoned
Location
- County: Hillsborough
Listing Details
Investment Summary
- Monthly Cash Flow
- -$787
- Cap Rate
- 3.5%
- Cash-on-Cash Return
- -12.1%
- Debt Coverage Ratio
- 0.56
- Internal Rate of Return (5 years)
- -7.7%
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:
| $339,500 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$271,600 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $67,900 |
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:
| $10,185 |
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:
| $78,085 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 1,860 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $183 |
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:
| $1.24 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $271,600 |
|---|---|
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:
| $1,772 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services. Calculation:Assumes 12% of gross rental income, unless public tax records are available.
Property tax:
| $590 |
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:
| $161 |
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:
| $2,523 |
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:
| $2,300 | $27,600 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$138 | -$1,656 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $2,162 | $25,944 |
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. Calculation:Assumes 12% of gross rental income, unless public tax records are available. | 26% | -$590 | -$7,084 |
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% | -$161 | -$1,932 |
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% | -$184 | -$2,208 |
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% | -$115 | -$1,380 |
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% | -$115 | -$1,380 |
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. Calculation:Assumes 0% gross rental income, unless specified.. | 1% | -$12 | -$144 |
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 | 51% | -$1,177 | -$14,128 |
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:
| $985 | $11,820 |
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. | -$1,772 | -$21,264 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $787 | $9,444 |