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PROPERTY INFO
FACTS
- Single Family
- Built In 2016
- Price/Sqft : $148.72
- 3 Days on Market
- MLS # : T3291149
- Updated Date : 02/19/2021 at 01:00
CONSTRUCTION
- Beds : 5
- Floor Size : 2,508 sqft
- Baths : 3 full , 1 half
Listing Agent
Exit Bayshore Realty
Listing Agent's Description
Welcome to the vibrant and perfectly located "La Collina" gated community. Right away you will spot the beautiful community club house and pool area located near the front entry. As you make your way through this highly desired neighborhood, you will be taken in by the decorative paved driveways, tile roofs and lush landscaping that is cared for by the HOA. That's right, your new home includes yard maintenance and watering. The elevation of this home is incredible with both a front porch and screened back patio. It boasts 5 bedrooms, 3 full baths & another 1/2 bathroom- along with a bonus room. The floor plan is open and airy, and beautiful tile greats you at the front door and continues through the downstairs. The kitchen is filled with solid wood cabinets, granite countertops , pendent lighting, and stainless steal appliances. There are plenty of windows and lots of space for entertaining. How would you like to use a mud room to hang up your backpack or coat? This home has one as you come in through the garage. The master bedroom is located on the first floor. It has an incredible en suite with a glass shower, dual sinks, plenty of cabinets and a separate toilet room. The Cabinets in all the bathrooms are wood and all have the matching granite. The enormous walk in closet opens to the laundry room! Upstairs everyone can have their own space in any of the 4 ample bedrooms, and still get together in the bonus room for a game of pool, a movie, or homeschool. You get to decide.
SEE MORE
- 2nd Best City for Young Entrepreneurs (Forbes)
- Florida state ranks 4th most favorable in the country in State Business Tax Climate Index (Tax Foundation, 2019). Tampa inherits the rank being part of Florida.
- Tampa's economy is worth over $156 billion in Gross Metro Product and projected to grow to $165 billion in 2019 (USMayors.org, 2018)
- Headquarters to several Fortune 1000 companies: Publix Super Markets, Tech Data, Jabil Circuit, WellCare Health Plans, Raymond James Financial, Bloomin’ Brands, HSN, and TECO Energy (Fortune, 2018)
- #8 in America's Fastest Growing Cities (Forbes, 2018)
- Tampa metro employment growth is at 2.6% and predicted to grow at 2.1% in 2019 (USMayors.org, 2018)
- One of the best cost-friendly American cities to do business (KPMG)
- Tampa metro contributes to 15.4% of Florida state economy i.e. Gross State Product (USMayors.org, 2018)
- #2 in Homebuilding Prospects #10 in Overall Real Estate Prospects (Emerging Trends in Real Estate 2019, PWC)
PRICE & RENT TRENDS
Zip Code: 33511
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 33511
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,150 |
| EXPENSES | Loan Payment | -$1,296 |
| Property Tax | -$475 | |
| Property Insurance | -$182 | |
| HOA | -$140 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$72
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.
$373,000
PROJECTED PRICE
$2,150
PROJECTED RENT
0.58%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.13% |
| Appreciation Year (1-5) | 6.9% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.27% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$104,595
LOAN DETAILS
$1,296
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $93,250 |
| Loan Amount | $279,750 |
4.92
YEARS SAVED
$18,617
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,150
LIST RENT -
$0.86
LIST RENT PER SQFT
-
$2,107
COMP ESTIMATED VALUE -
$0.84
COMP AVG. RENT PER SQFT
Comps Range
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1016 Sweet Breeze Dr Valrico, FL 3
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LEASED 12/12/20- Rent
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- $1,925
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1022 Oliveto Verdi Ct Brandon, FL 5
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LEASED 09/24/20- Rent
- Rent Per SQFT
- $2,295
- $0.92
PROPERTY LISTING DETAILS
1.813.503.1213
Exit Bayshore Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3291149
Last Updated: 02/19/2021
