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PROPERTY INFO
FACTS
- Single Family
- Built In 1982
- Price/Sqft : $183.25
- 2 Days on Market
- MLS # : T3290734
- Updated Date : 02/20/2021 at 14:51
CONSTRUCTION
- Beds : 4
- Floor Size : 1,528 sqft
- Baths : 2 full
Listing Agent
Graystone Real Estate
Listing Agent's Description
This spacious home with 4 bedrooms, 2 baths, mature landscaping, and over 1,500 square feet where you can live, work and enjoy proximity to all things Tampa Bay. The kitchen is outfitted with tiled countertops and newer appliances. The separate living area adds room for entertaining and there is a partitioned room with a full bath that has side access. This excellent location puts you in the heart of Tampa with easy access to major malls and so much more. Markets, dining, and takeout options are nearby in the Westchase District and with recreation just a few blocks away on the Upper Tampa Bay Trail.
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
Neighborhood: Timberlane Woodlake
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Timberlane Woodlake
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,550 |
| EXPENSES | Loan Payment | -$973 |
| Property Tax | -$344 | |
| Property Insurance | -$124 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$20
|
||
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.
$279,999
PROJECTED PRICE
$1,550
PROJECTED RENT
0.55%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.87% |
| Appreciation Year (1-5) | 13.8% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.25% |
| 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
$79,950
LOAN DETAILS
$973
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $70,000 |
| Loan Amount | $209,999 |
5.58
YEARS SAVED
$16,894
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,550
LIST RENT -
$1.01
LIST RENT PER SQFT
-
$1,757
COMP ESTIMATED VALUE -
$1.15
COMP AVG. RENT PER SQFT
Comps Range
-
10204 Carriage Glen Ct Tampa, FL 1
- 4 beds 2 baths ∙ 1,528 Sqft ∙ Built 1982 4 beds 2 baths ∙ 1,528 Sqft ∙ Built 1982
- Rent
- Rent Per SQFT
- $1,550
- $1.01
-
8431 Poydras Ln Tampa, FL 2
- 3 beds 2 baths ∙ 1,420 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,420 Sqft ∙ Built 1999
LEASED 10/12/20- Rent
- Rent Per SQFT
- $1,600
- $1.13
-
7103 Cove Hills Ct Tampa, FL 3
- 3 beds 2 baths ∙ 1,441 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,441 Sqft ∙ Built 1983
LEASED 01/07/21- Rent
- Rent Per SQFT
- $1,650
- $1.15
-
10242 Oasis Palm Dr Tampa, FL 4
- 3 beds 2 baths ∙ 1,539 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,539 Sqft ∙ Built 1998
LEASED 05/13/20- Rent
- Rent Per SQFT
- $1,700
- $1.10
-
10253 Oasis Palm Dr Tampa, FL 5
- 3 beds 2 baths ∙ 1,552 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,552 Sqft ∙ Built 1997
LEASED 09/02/20- Rent
- Rent Per SQFT
- $1,900
- $1.22
PROPERTY LISTING DETAILS
1.813.449.4323
Graystone Real Estate
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3290734
Last Updated: 02/20/2021
