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PROPERTY INFO
FACTS
- Single Family
- Built In 2008
- Price/Sqft : $129.76
- 3 Days on Market
- MLS # : W7829476
- Updated Date : 01/01/2021 at 13:46
CONSTRUCTION
- Beds : 4
- Floor Size : 1,996 sqft
- Baths : 3 full
Listing Agent
Florida Luxury Realty Inc
Listing Agent's Description
Located in beautiful Wimauma, this 4 bed, 3 bath single family home is a dream! With a neutral color scheme throughout, it's easy for any buyer to turn this house into a home. The master suite is spacious and includes a bathroom with walk-in shower and large soaker tub. This home also includes tile in the wet areas and carpet in the living areas. Sliding glass doors welcome you to move from the indoors to the outdoors with ease, allowing you to enjoy all of the beautiful scenery the area has to offer. Schedule your private showing today.
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
Zip Code: 33598
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 33598
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
INCOME | Rent | $1,760 |
EXPENSES | Loan Payment | -$956 |
Property Tax | -$346 | |
Property Insurance | -$152 | |
HOA | -$6 | |
Property Management Fees | -$129 | |
CASH FLOW
$171
|
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.
$259,000
PROJECTED PRICE
$1,760
PROJECTED RENT
0.68%
PROJECTED RENT / PRICE RATIO
Expense Inflation | 2.50% |
Rental Growth Year (1-5) | 4.13% |
Appreciation Year (1-5) | 2.0% |
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
$74,385
LOAN DETAILS
$956
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 4.25% |
Down Payment | $64,750 |
Loan Amount | $194,250 |
9.67
YEARS SAVED
$41,162
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,760
LIST RENT -
$0.88
LIST RENT PER SQFT
-
$1,682
COMP ESTIMATED VALUE -
$0.84
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
1.352.606.1814
Florida Luxury Realty Inc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: W7829476
Last Updated: 01/01/2021