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PROPERTY INFO
FACTS
- Single Family
- Built In 2000
- Price/Sqft : $157.25
- 2 Days on Market
- MLS # : T3289041
- Updated Date : 02/07/2021 at 01:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,194 sqft
- Baths : 3 full
Listing Agent
Amerivet Realty Group Llc
Listing Agent's Description
BEAUTIFUL POND AND CONSERVATION/NATURAL WILDLIFE VIEWS FROM YOUR KITCHEN, MASTER BEDROOM WINDOWS AND PRIVATE POOL SCREENED LANAI!! If you've been looking for a pool home with scenic pond views, this is it! By the way, No CDD, Low HOA. This Cross Creek home in the community of Meadowcreek offers 2,194 square feet with 4 bedrooms, 3 baths and a 2 car attached garage. Your custom designed kitchen features stainless steel appliances, a prep island, staggered 42" custom cabinetry with crown molding, tile back splash and granite counter tops. Master bedroom is a first floor location along with two other bedrooms and one full bath. Master suite includes dual vanity sinks, separate shower and tub, and a walk-in closet. Two other bedrooms are on the first floor and share a full bath. Fourth bedroom is upstairs with a full bath. Bonus room comes with a built in office/study center. Meadowcreek is central to New Tampa with easy access to I-75, USF, Florida Hospital, VA Hospital, Flatwoods Wilderness Park, Wiregrass Mall, Outlet Mall and tons of restaurants. Make an appointment to see this home today!!
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: Cross Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Cross Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,930 |
| EXPENSES | Loan Payment | -$1,198 |
| Property Tax | -$424 | |
| Property Insurance | -$163 | |
| HOA | -$43 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$28
|
||
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.
$345,000
PROJECTED PRICE
$1,930
PROJECTED RENT
0.56%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.27% |
| Appreciation Year (1-5) | 4.4% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.26% |
| 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
$97,175
LOAN DETAILS
$1,198
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $86,250 |
| Loan Amount | $258,750 |
5.75
YEARS SAVED
$22,460
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,930
LIST RENT -
$0.88
LIST RENT PER SQFT
-
$1,980
COMP ESTIMATED VALUE -
$0.9
COMP AVG. RENT PER SQFT
Comps Range
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10324 Beneva Dr Tampa, FL 1
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LEASED 10/17/20- Rent
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- $1,995
- $0.92
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10312 Birdwatch Dr Tampa, FL 4
- 5 beds 3 baths ∙ 2,350 Sqft ∙ Built 2000 5 beds 3 baths ∙ 2,350 Sqft ∙ Built 2000
LEASED 10/20/20- Rent
- Rent Per SQFT
- $2,100
- $0.89
-
20013 Satin Leaf Ave Tampa, FL 5
- 5 beds 4 baths ∙ 2,280 Sqft ∙ Built 2014 5 beds 4 baths ∙ 2,280 Sqft ∙ Built 2014
LEASED 06/01/20- Rent
- Rent Per SQFT
- $2,150
- $0.94
PROPERTY LISTING DETAILS
1.813.477.6636
Amerivet Realty Group Llc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3289041
Last Updated: 02/07/2021
