$925,000
Investment Summary
- Monthly Cash Flow
- -$2,678
- Cap Rate
- 2.7%
- Cash-on-Cash Return
- -15.1%
- Debt Coverage Ratio
- 0.43
- Internal Rate of Return (5 years)
- -10.6%
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
One or more photo(s) has been virtually staged. Escape to your own private retreat on over 7 acres of land, offering the perfect blend of space, privacy, and modern comfort. Behind a private gated entrance, this property features garage parking for 6 cars, ideal for car enthusiasts or those in need of extra storage. The thoughtfully designed 3-bedroom home with a dedicated office boasts extensive upgrades throughout, creating a welcoming and stylish living space. Step outside to enjoy a sparkling pool and outdoor kitchen, perfect for entertaining or unwinding in your personal oasis. With no HOA, you have the freedom to make this estate truly your own. Stroll through your own park-like setting with mature trees, tranquil ponds, and wide-open spaces that invite you to embrace the beauty of nature. This one-of-a-kind property offers endless possibilities. A tree-lined street welcomes you to this remarkable home, offering 7.15 acres of natural beauty with mature trees, ponds, and a fully fenced property for ultimate privacy. Designed for both comfort and function, this home boasts plank-style tile flooring throughout, creating a seamless and stylish look. Inside, the open and airy layout welcomes you, with the living room overlooking the sparkling, heated saltwater pool. The formal dining room is perfect for special gatherings, while the stunning kitchen features granite countertops, a gas stove powered by an above-ground propane tank, under-cabinet lighting, a walk-in pantry, a snack bar, and a sunny breakfast nook with a view of the pool. The family room, just off the kitchen, offers a fireplace with stone accents and abundant natural light. A home office with French doors provides a quiet and productive space. The spacious primary suite is a true retreat, featuring sliding glass doors to the lanai, a walk-in closet, and an upgraded bath with dual sinks, a soaking tub, and a luxurious shower. The home is filled with upgrades, including extra attic insulation, plantation shutters, a Sonos sound system, a 4-year-old metal roof, a 2.5-year-old HVAC system, and a 1-year-old water softener and water heater. Step outside to the oversized screened lanai with custom lighting, perfect for year-round entertaining. The pavered patio (installed 1 year ago) offers ample space, complemented by an outdoor kitchen with sink, smoker and gas grill. The sparkling zero entry pool provides a relaxing escape, all within a screen enclosure. Pool is salt water, heated and has a new pool pump. For those who need storage and workspace, this property is unmatched—an attached two-car garage with an epoxied floor is climate controlled, a detached four-car garage with a tall pole barn for RV storage, and a large shed ensure ample room for vehicles, tools, and equipment. Detached garage electrical supplies for you too with a 60 amp inside and a 30 amp outside to connect your RV if needed. The entire property is irrigated by a well, with two brand-new well pumps (installed 2 months ago) running three sprinkler zones for front, side and back yard. The septic system was recently pumped, adding to the home's efficiency. Plus, the above-ground propane tank powers an emergency generator, ensuring you’ll always have water, fans, and lights when needed. Located in southern Hillsborough County, this secluded retreat is just minutes from highways, shopping, and schools. A rare find offering privacy, convenience, and thoughtful upgrades—schedule your showing today!
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Location
Property Details
Parking
- Description: Boat, Garage Door Opener
- Details: Driveway, Garage Door Opener, Oversized, RV Carport, Attached
- Garage Spaces: 6
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 3
Bathroom Information
- # of Baths (Full): 2
- # of Baths (Total): 2.0
Interior Features
- # of Rooms: 8
- # of Stories: 1
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Stucco
- Foundation: Slab
- Roof Type: Gable or Hip
- Roof Material: Metal
- Pool: Yes
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: U353219ZZZ000001839400
- Lot Size: 311454 sqft
Property Information
- Property Type: Single Family Residence
- Year Built: 2001
Tax Information
- Annual Tax: $1,773
Utilities
- Water & Sewer: Private, Well
- Heating: Central
- Cooling: Central Air
Location
- County: Hillsborough
Listing Details
Investment Summary
- Monthly Cash Flow
- -$2,678
- Cap Rate
- 2.7%
- Cash-on-Cash Return
- -15.1%
- Debt Coverage Ratio
- 0.43
- Internal Rate of Return (5 years)
- -10.6%
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:
| $925,000 |
|---|---|
|
The amount of the purchase financed through a loan. Amount financed:
| -$740,000 |
Down paymentThe initial payment made towards the purchase. Calculation:Purchase price - Amount financed Down payment:
| $185,000 |
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:
| $27,750 |
|
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:
| $212,750 |
|
The total square footage (SQFT) of the property. Square feet:
| 2,175 |
|
Cost per square foot of the property. Calculation:Purchase price / Square feet Cost per square foot:
| $425 |
|
Monthly rent divided by square footage. Calculation:Monthly rent / Square feet Monthly rent per square foot:
| $1.47 |
Financing Details
Loan amountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $740,000 |
|---|---|
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:
| $4,738 |
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:
| $148 |
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:
| $224 |
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:
| $5,110 |
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:
| $3,200 | $38,400 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$192 | -$2,304 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $3,008 | $36,096 |
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. | 5% | -$148 | -$1,773 |
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% | -$224 | -$2,688 |
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% | -$256 | -$3,072 |
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% | -$160 | -$1,920 |
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% | -$160 | -$1,920 |
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 | 30% | -$948 | -$11,373 |
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:
| $2,060 | $24,720 |
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. | -$4,738 | -$56,856 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $2,678 | $32,136 |