$5,900,000
Investment Summary
- Monthly Cash Flow
- -$26,966
- Cap Rate
- 0.8%
- Cash-on-Cash Return
- -23.8%
- Debt Coverage Ratio
- 0.12
- Internal Rate of Return (5 years)
- -19.0%
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
This stunning contemporary beach home is one of a kind head turner with the beach for a back yard! It is one of four unique homes located on the only private driveway in Indian Rocks Beach. The Family, Dining, Kitchen, Master Bedroom and Master Bath all have stunning full beach views. The first floor entrance welcomes you with hand created stained glass double front doors that open to the winding metal and wood floating spiral staircase. The staircases is accented with a curved glass block wall. The sunken Grand Formal Living Area has floor to ceiling glass windows and vaulted ceiling. The 4th bedroom on the lower level has been transformed into a dual office with desks, built-shelving and a walk-in closet. Off of the 4th bedroom is a half bath with a 42 in cabinet, granite top, and stone vessel sink. Formal dining room features a three tiered ceiling with tri-colored neon lighting and the L-shaped serving credenza provides ample storage and serving areas. Moving into the kitchen you will find matching Miele stainless built in convection oven, microwave, warming drawer and cappuccino/coffee system machine. The 5 burner glass top induction stove sits atop granite countertops. Sub Zero side by side refrigerator and Fisher & Paykel dish washing drawers. The seamless stainless steel sink and countertop was fabricated by hand into a single piece of metal. Italian custom made Lube cabinets have under cabinet lighting, hinged glass doors pull-up doors and mini-pulldown garage-door. There is a 3 stool kitchen bar and larger breakfast nook. The wet bar in the breakfast nook has matching granite top above the Scottsman stainless wine refrigerator, mini-fridge and Sub Zero ice maker. The full bathroom off the breakfast nook has glass vessel sink, shower and door that leaves to the beach. The Family room/Media area includes a remote fireplace. It connects to a sunken Family Room with oversized glass sliding door creating the best spot for a awesome sunset viewing nightly. This room also has raised backlit ceiling. The second floor Master Suite has same sliding door leading to breathtaking views from the balcony. The oversized Master includes dual sided fireplace and wrap around built in closets/shelves. Double doors lead into the Master bath that includes split sinks with granite tops, Jet tub below a chandelier and separate shower. (and yes more beach views) A pocket door opens to reveal the Master walk-in closet room. Laundry room has tile floor, cabinets and washer/dryer. 2nd bedroom has attached bath. Granite top sink Bath/shower. There is a long hallway with views of the Grand Formal Living room that will take you to the 4th Bedroom located above the garage. Step down in to the guest room that has walk-in closet and attached bathroom. The newly remolded bath has granite counters and a glass encased shower with custom tile work and river rock flooring. The beautiful pool area has a heated Beadcrete glass beaded pool and spa along with turf for low maintenance. There are stairs that lead from the pool area into the white sands of the beach. Vacation home or full time living, the choice is yours.
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: Boat, Driveway, Garage Door Opener, Golf Cart Parking, Guest, Off Street
- Details: Boat, Driveway, Garage Door Opener, Guest, Off Street, Attached
- Garage Spaces: 2
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 4
Bathroom Information
- # of Baths (Full): 4
- # of Baths (Partial): 1
- # of Baths (Total): 5.0
Interior Features
- # of Rooms: 3
- # of Stories: 2
Exterior Features
- Exterior Walls Materials: Stucco
- Roof Type: Gable
- Roof Material: Concrete
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 013014420300270010
- Lot Size: 8542 sqft
Property Information
- Property Type: Single Family Residence
- Style: Contemporary
- Year Built: 1989
Tax Information
- Annual Tax: $21,031
Utilities
- Water & Sewer: Public
- Heating: Baseboard, Central, Exhaust Fan
- Cooling: Central Air
Location
- County: Pinellas
Listing Details
Investment Summary
- Monthly Cash Flow
- -$26,966
- Cap Rate
- 0.8%
- Cash-on-Cash Return
- -23.8%
- Debt Coverage Ratio
- 0.12
- Internal Rate of Return (5 years)
- -19.0%
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:
| $5,900,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$4,720,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $1,180,000 |
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:
| $177,000 |
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:
| $1,357,000 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 4,728 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $1,248 |
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:
| $1.71 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $4,720,000 |
|---|---|
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:
| 6.810% |
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:
| $30,802 |
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:
| $1,753 |
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:
| $567 |
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:
| $33,122 |
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:
| $8,100 | $97,200 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$486 | -$5,832 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $7,614 | $91,368 |
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. | 22% | -$1,753 | -$21,032 |
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% | -$567 | -$6,804 |
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% | -$648 | -$7,776 |
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% | -$405 | -$4,860 |
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% | -$405 | -$4,860 |
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.. | 0% | $0 | $0 |
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 | 47% | -$3,778 | -$45,332 |
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:
| $3,836 | $46,032 |
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. | -$30,802 | -$369,624 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $26,966 | $323,592 |