$1,275,000
Investment Summary
- Monthly Cash Flow
- -$3,869
- Cap Rate
- 2.5%
- Cash-on-Cash Return
- -15.8%
- Debt Coverage Ratio
- 0.41
- Internal Rate of Return (5 years)
- -11.3%
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 divided by initial cash invested.
Calculation:
Annual Cash Flow / 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.
Calculation:
(Future Value / Present Value) ** (1 / Years) - 1
Property Description
High & dry, no flooding during the two recent hurricanes! Come and see this gorgeous remodeled architectural marvel situated on 1.28 acres in Dunedin Florida only 4.7 miles away from Honeymoon Island and only 2 miles from the newly renovated Dunedin Golf Club and from the Pinellas Trail, while downtown Dunedin with its well renowned restaurants, coffee places is located only 3.5 miles away. Dunedin is a golf cart friendly quaint town right on the Gulf of America famously known for its Honeymoon Island natural park & beach and for its Downtown, full of life, restaurants and walkable streets. This two story Pool home is located well inside the 1.28 acres lot and it will welcome you with its imposing but also subtle colonial architectural vibe. The wide and deep three car garage and massive driveway will give you plenty of space to park all your toys, cars so it is ideal for large parties. This home conveniently features five bedrooms and 3 full bathrooms: the large primary bedroom with its recently fully remodeled large en-suite bathroom is located upstairs together with three other bedrooms served by an ample guest bath. There is also a downstairs bedroom and a fully remodeled guest bathroom located downstairs together with the Laundry room. The impressive entrance with high ceilings overlooking the stairs, will then open up on your left to the large formal living room and dining room space with plenty of light from multiple sets of windows that look over the massive backyard and front yard & with its uniquely charming vaulted ceilings, then to your right it will open up to a cozy living room with its vintage fireplace. The fully remodeled kitchen sits right in the middle of the house, connecting the formal living and dining space with the living room. This kitchen has everything and more for all your needs, including a fully functional island, lots of cabinets and a breakfast nook that overlooks the amazing pool and fabulous garden. Two sets of sliding doors connect the living areas to the backyard & pool, while an enclosed, covered patio, with impressively high and vaulted ceilings, will unexpectedly but pleasantly open up on the side of the house. The indescribable backyard view is filled with a wide open pool, with a large pavers deck, a pool that is also heated, salt system, chlorine free and conveniently remotely controlled via an app. The one acre plus backyard is absolutely outstanding and you will not be able to see the end of it. Just a reminder, this is a 3253 heated square feet custom built home on 1.28 acres, it has had a lot of work done to it, including the large kitchen with plenty of newer cabinets & extensive quartz countertops that give you a lot of space for your cooking, two fully remodeled bathrooms, it was recently partially painted outside and inside, it has a professional grade heated salt pool and SPA.! Also the sprinkler system is on a deep well, that will save you money in your water bill!. Last but not least, new water heater last year & new gutters throughout the house. The entire siding of the house is made of Hardie Plank for your peace of mind.
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Location
Property Details
Parking
- Description: Boat, Garage Door Opener, Oversized
- Details: Driveway, Garage Door Opener, Guest, Oversized, Workshop in Garage, Attached
- Garage Spaces: 3
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 5
Bathroom Information
- # of Baths (Full): 3
- # of Baths (Total): 3.0
Interior Features
- # of Rooms: 11
- # of Stories: 2
- Basement Description: Crawl Space
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Wood
- Roof Type: Gable
- Roof Material: Shingle
- Pool: Yes
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 132815172900000010
- Lot Size: 55787 sqft
Property Information
- Property Type: Single Family Residence
- Style: Custom, Other
- Year Built: 1979
Tax Information
- Annual Tax: $5,313
Utilities
- Water & Sewer: Public
- Heating: Central, Electric
- Cooling: Central Air
Location
- County: Pinellas
Listing Details
Investment Summary
- Monthly Cash Flow
- -$3,869
- Cap Rate
- 2.5%
- Cash-on-Cash Return
- -15.8%
- Debt Coverage Ratio
- 0.41
- Internal Rate of Return (5 years)
- -11.3%
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 divided by initial cash invested.
Calculation:
Annual Cash Flow / 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.
Calculation:
(Future Value / Present Value) ** (1 / Years) - 1
Purchase Details
|
The price paid for the property. Purchase price:
| $1,275,000 |
|---|---|
|
The amount of the purchase financed through a loan. Amount financed:
| -$1,020,000 |
Down paymentThe initial payment made towards the purchase. Calculation:Purchase price - Amount financed Down payment:
| $255,000 |
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:
| $38,250 |
|
Costs incurred to repair or improve the property. Rehab costs:
| $0 |
Initial cash investedTotal initial cash invested in the property. Calculation:Down payment + Buying costs + Rehab costs Initial cash invested:
| $293,250 |
|
The total square footage (SQFT) of the property. Square feet:
| 3,253 |
|
Cost per square foot of the property. Calculation:Purchase price / Square feet Cost per square foot:
| $392 |
|
Monthly rent divided by square footage. Calculation:Monthly rent / Square feet Monthly rent per square foot:
| $1.38 |
Financing Details
Loan amountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $1,020,000 |
|---|---|
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% |
Principle & Interest (PI)The principle is the portion of the loan payment that reduces the loan balance. The interest is the lender's charge for borrowing money.
Principle & interest:
| $6,531 |
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:
| $443 |
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:
| $315 |
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 |
|
The 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:
| $7,289 |
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:
| $4,500 | $54,000 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$270 | -$3,240 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $4,230 | $50,760 |
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. | 10% | -$443 | -$5,313 |
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% | -$315 | -$3,780 |
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% | -$360 | -$4,320 |
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% | -$225 | -$2,700 |
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% | -$225 | -$2,700 |
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 | 35% | -$1,568 | -$18,813 |
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:
| $2,662 | $31,944 |
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. | -$6,531 | -$78,372 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $3,869 | $46,428 |