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 2009
- Price/Sqft : $140.13
- 5 Days on Market
- MLS # : T3282046
- Updated Date : 12/26/2020 at 13:12
CONSTRUCTION
- Beds : 4
- Floor Size : 2,056 sqft
- Baths : 2 full
Listing Agent
Us Interamerican Realty Llc
Listing Agent's Description
Moving Ready & VACANT! Terrific single story, water view house with 4 bedroom, 2 bathrooms and 2 car garage located in Easton Park. Home features a foyer and a formal dining and living room at the entrance following by a versatile family living space and breakfast nook. The kitchen is equipped with granite countertops, a custom backsplash, 42” cabinets with crown molding, a breakfast bar, and stainless appliances. Split Floor Plan. Master suite presents a spacious area, a walk-in closet, and a master bath featuring two separate vanities and sinks, a bath tub and separate walk in shower. The sliding glass door leads you to the covered screened lanai and the fenced back yard. The fenced backyard is the perfect place for play or for entertaining. House was recently painted, HVAC was changed 3 years ago, water filtration system is included. Low HOA fees which covers cable, internet and land phone. Fantastic community pool, park and playground. Central yet tucked away, Easton Park offers a fantastic suburban feel and is just minutes to an abundance of shopping, dining, entertainment & medical. Minutes to the I-75, I-275, Wiregrass Mall, The Groves, Tampa Premium Outlets, Restaurants, Entertainment, and More. House is VACANT and easy to show.
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: New Tampa
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: New Tampa
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,940 |
| EXPENSES | Loan Payment | -$1,063 |
| Property Tax | -$347 | |
| Property Insurance | -$155 | |
| HOA | -$136 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$110
|
||
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.
$288,100
PROJECTED PRICE
$1,940
PROJECTED RENT
0.67%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.27% |
| Appreciation Year (1-5) | 6.5% |
| 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
$82,097
LOAN DETAILS
$1,063
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $72,025 |
| Loan Amount | $216,075 |
8.33
YEARS SAVED
$36,833
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,940
LIST RENT -
$0.94
LIST RENT PER SQFT
-
$1,994
COMP ESTIMATED VALUE -
$0.97
COMP AVG. RENT PER SQFT
Comps Range
-
10905 Observatory Way Tampa, FL 2
- 4 beds 2 baths ∙ 2,056 Sqft ∙ Built 2009 4 beds 2 baths ∙ 2,056 Sqft ∙ Built 2009
- Rent
- Rent Per SQFT
- $1,940
- $0.94
-
11129 Ancient Futures Dr Tampa, FL 1
- 4 beds 2 baths ∙ 2,022 Sqft ∙ Built 2010 4 beds 2 baths ∙ 2,022 Sqft ∙ Built 2010
LEASED 02/24/20- Rent
- Rent Per SQFT
- $1,850
- $0.91
-
10738 Pictorial Park Dr Tampa, FL 3
- 4 beds 2 baths ∙ 1,920 Sqft ∙ Built 2010 4 beds 2 baths ∙ 1,920 Sqft ∙ Built 2010
LEASED 05/05/20- Rent
- Rent Per SQFT
- $1,950
- $1.02
-
10822 Breaking Rocks Dr Tampa, FL 4
- 4 beds 3 baths ∙ 2,143 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,143 Sqft ∙ Built 2007
LEASED 07/07/20- Rent
- Rent Per SQFT
- $1,995
- $0.93
-
20101 Natures Hike Way Tampa, FL 5
- 4 beds 2 baths ∙ 2,116 Sqft ∙ Built 2007 4 beds 2 baths ∙ 2,116 Sqft ∙ Built 2007
LEASED 12/16/20- Rent
- Rent Per SQFT
- $2,150
- $1.02
PROPERTY LISTING DETAILS
1.954.253.3989
Us Interamerican Realty Llc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3282046
Last Updated: 12/26/2020
