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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $183.09
- 4 Days on Market
- MLS # : D6116476
- Updated Date : 02/12/2021 at 08:53
CONSTRUCTION
- Beds : 3
- Floor Size : 1,283 sqft
- Baths : 2 full
Listing Agent
Tall Pines Realty
Listing Agent's Description
*****MULTIPLE OFFERS - HIGHEST AND BEST BY NOON SUNDAY FEBRUARY 14TH ****** Open and Bright - the beautiful floor plan of this house will make you want to put your bags down and settle in! You enter the home into the huge open great room that overlooks the open kitchen and the dining area. Beyond a sizeable yard has plenty of room for relaxing or a pool. The kitchen is open and and bright. It is a great space for entertaining. The master bedroom features a built in and an en-suite bath and walk in closet. The owners have updated the bathroom closet space providing an open feel. Both bathrooms recently updated - vanity in guest bath to be completed prior to closing. The two beautiful guest rooms sit on the opposite side of the home separated by a bathroom. Have toys or a hobby? The spacious shed out back is perfect for all of your needs. This is an ideal seasonal home and a great year round home located close to the beach, golf, fishing and all of the wonderful outdoor activities Florida has to offer.
SEE MORE
- #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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Section 62
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Section 62
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,350 |
| EXPENSES | Loan Payment | -$816 |
| Property Tax | -$281 | |
| Property Insurance | -$112 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$12
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 11% of earned rent to cover both maintenance and periods of vacancy.
$234,900
PROJECTED PRICE
$1,350
PROJECTED RENT
0.57%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 7.0% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 3.00% |
| 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
$67,999
LOAN DETAILS
$816
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $58,725 |
| Loan Amount | $176,175 |
6.25
YEARS SAVED
$16,646
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,350
LIST RENT -
$1.05
LIST RENT PER SQFT
-
$1,273
COMP ESTIMATED VALUE -
$0.99
COMP AVG. RENT PER SQFT
Comps Range
-
10355 Euston Ave Englewood, FL 1
- 3 beds 2 baths ∙ 1,283 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,283 Sqft ∙ Built 2006
- Rent
- Rent Per SQFT
- $1,350
- $1.05
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10397 Grail Ave Englewood, FL 2
- 3 beds 2 baths ∙ 1,612 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,612 Sqft ∙ Built 2018
LEASED 10/10/19- Rent
- Rent Per SQFT
- $1,415
- $0.88
-
10371 Grail Ave Englewood, FL 3
- 3 beds 2 baths ∙ 1,608 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,608 Sqft ∙ Built 2018
LEASED 07/30/20- Rent
- Rent Per SQFT
- $1,625
- $1.01
-
10363 Grail Ave Englewood, FL 4
- 3 beds 2 baths ∙ 1,608 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,608 Sqft ∙ Built 2018
LEASED 10/03/20- Rent
- Rent Per SQFT
- $1,665
- $1.04
-
10379 Grail Ave Englewood, FL 5
- 3 beds 2 baths ∙ 1,608 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,608 Sqft ∙ Built 2018
LEASED 01/28/21- Rent
- Rent Per SQFT
- $1,675
- $1.04
PROPERTY LISTING DETAILS
1.941.268.4837
Tall Pines Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: D6116476
Last Updated: 02/12/2021
