Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2001
- Price/Sqft : $158.80
- 6 Days on Market
- MLS # : U8111147
- Updated Date : 01/26/2021 at 19:06
CONSTRUCTION
- Beds : 3
- Floor Size : 2,046 sqft
- Baths : 2 full
Listing Agent
Future Home Realty Inc
Listing Agent's Description
This beautiful 3+2 home is a buyers dream and it's immaculate and situated on a sought after conservation lot. It looks brand new with new plank flooring in living and dining area. Large kitchen with new glass top stove and stainless steel refrigerator. Master bedroom is secluded with 2 walk-in closets, a large garden tub, a walk-in shower with a seat. 3rd bedroom has double French doors and could be used as a den. The huge Florida room is 500 square feet of year round living, and not included in the tax records, has all the bells and whistles for all your entertaining and enjoyment. It has brick pavers, built-in stainless steel grill, built in bar with custom made stools, a 2 burner stove, and a built in refrigerator. There are many upgraded features including 2 newer air conditioners, custom window treatments throughout, granite countertops in kitchen and baths, resurfaced kitchen cabinets, energy efficient double paned windows, solar lights, alarm system owned and installed, but not connected, extra large driveway. Tampa Bay is a 55+ very active and friendly community with 2 golf courses, beautiful resort style heated pool, and 1 not heated. Watch the gorgeous sunsets while having dinner at our upscale restaurant or lounge that overlooks the golf course. We have tennis, pickle ball, shuffle board, bingo, a fitness center, a travel club that offers cruises, trips to the theatre, and much more. We have all types of cards and games. It's truly resort style living at its best. New roof 2020!
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: Tampa Bay Golf and Tennis Club
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Tampa Bay Golf and Tennis Club
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,910 |
| EXPENSES | Loan Payment | -$1,129 |
| Property Tax | -$347 | |
| Property Insurance | -$155 | |
| HOA | -$242 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$92
|
||
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.
$324,900
PROJECTED PRICE
$1,910
PROJECTED RENT
0.59%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.13% |
| Appreciation Year (1-5) | 9.4% |
| 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
$91,849
LOAN DETAILS
$1,129
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $81,225 |
| Loan Amount | $243,675 |
4.42
YEARS SAVED
$13,594
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,910
LIST RENT -
$0.93
LIST RENT PER SQFT
-
$2,080
COMP ESTIMATED VALUE -
$1.02
COMP AVG. RENT PER SQFT
Comps Range
-
10520 Collar Dr San Antonio, FL 3
- 3 beds 2 baths ∙ 2,046 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,046 Sqft ∙ Built 2001
- Rent
- Rent Per SQFT
- $1,910
- $0.93
-
9936 Cleghorn Dr San Antonio, FL 1
- 3 beds 2 baths ∙ 1,772 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,772 Sqft ∙ Built 2006
LEASED 09/23/19- Rent
- Rent Per SQFT
- $1,550
- $0.87
-
10222 Moshie Ln San Antonio, FL 2
- 3 beds 2 baths ∙ 1,726 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,726 Sqft ∙ Built 1998
LEASED 10/14/20- Rent
- Rent Per SQFT
- $1,650
- $0.96
-
30240 Hedgeway Ln Wesley Chapel, FL 4
- 3 beds 2 baths ∙ 1,970 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,970 Sqft ∙ Built 2002
LEASED 11/20/20- Rent
- Rent Per SQFT
- $2,395
- $1.22
PROPERTY LISTING DETAILS
1.727.409.3368
Future Home Realty Inc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: U8111147
Last Updated: 01/26/2021
