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PROPERTY INFO
FACTS
- Single Family
- Built In 2016
- Price/Sqft : $152.03
- 3 Days on Market
- MLS # : A4484302
- Updated Date : 11/20/2020 at 13:31
CONSTRUCTION
- Beds : 3
- Floor Size : 2,164 sqft
- Baths : 2 full
Listing Agent
Fine Properties
Listing Agent's Description
Beautiful Home, spacious yet comfy and cozy. Ready for Immediate Occupancy. Enjoy the split floor plan it offers plus plenty of storage from custom built closets and a pantry. Backyard is so incredible you could entertain on a regular basis. This low maintenance home provides a resort life style. With its convenient clubhouse, Harrison Ranch’s HOA also have wonderful amenities that include 24 hour fitness center, heated resort style junior Olympic sized pool, tennis courts, library, business center/game room, soccer fields, playgrounds, nature trails, community picnic tables and grills and on site management! Easy access to I-75 and close to downtown Bradenton and downtown Lakewood Ranch and Sarasota are just minutes away! Perfect home just for you! And only $110 a Year HOA!!!
SEE MORE
- 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)
- 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.
PRICE & RENT TRENDS
Neighborhood: Harrison Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Harrison Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,830 |
| EXPENSES | Loan Payment | -$1,214 |
| Property Tax | -$420 | |
| Property Insurance | -$169 | |
| HOA | -$9 | |
| Property Management Fees | -$80 | |
|
CASH FLOW
-$62
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.
$329,000
PROJECTED PRICE
$1,830
PROJECTED RENT
0.56%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.34% |
| Appreciation Year (1-5) | 6.3% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 3.70% |
| 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
$92,935
LOAN DETAILS
$1,214
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $82,250 |
| Loan Amount | $246,750 |
4.67
YEARS SAVED
$18,796
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,830
LIST RENT -
$0.85
LIST RENT PER SQFT
-
$1,872
COMP ESTIMATED VALUE -
$0.87
COMP AVG. RENT PER SQFT
Comps Range
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- Rent Per SQFT
- $1,900
- $0.89
PROPERTY LISTING DETAILS
1.941.323.4600
Fine Properties
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: A4484302
Last Updated: 11/20/2020
