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PROPERTY INFO
FACTS
- Single Family
- Built In 2009
- Price/Sqft : $134.04
- 2 Days on Market
- MLS # : T3294138
- Updated Date : 03/07/2021 at 01:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,723 sqft
- Baths : 3 full , 1 half
Listing Agent
Dalton Wade Inc
Listing Agent's Description
THIS ONE IS THE ONE ! SOUTHFORK 3 CAR GARAGE UPGRADED KITCHEN This Beautiful home is fully remodeled with an open concept design and new tile throughout, it is completely solar powered so no electric bill, never a surprise in those hot summer months. This home boasts 4 bedrooms, 3 bathrooms with a formal dining room and large island eat in kitchen with granite countertops and stainless steel appliances. The home features a split bedroom plan with a large bonus room/loft upstairs. The master bedroom has walk in closets, garden tub with separate shower, dual sinks and Corian counter tops. Entire home has fresh paint inside and out. The outside features a completely fenced yard with PVC fencing. All of this plus a three car garage with over door storage, a full house water filtration system by Culligan, new water heater and a solar attic fan. Close to the community pool and all major highways, shopping, downtown Tampa and MacDill AFB
SEE MORE
- 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.
- Tampa's economy is worth over $156 billion in Gross Metro Product and projected to grow to $165 billion in 2019 (USMayors.org, 2018)
PRICE & RENT TRENDS
Neighborhood: South Fork
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: South Fork
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,040 |
| EXPENSES | Loan Payment | -$1,268 |
| Property Tax | -$503 | |
| Property Insurance | -$195 | |
| HOA | -$30 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$84
|
||
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.
$365,000
PROJECTED PRICE
$2,040
PROJECTED RENT
0.56%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.27% |
| Appreciation Year (1-5) | 5.3% |
| 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
$102,475
LOAN DETAILS
$1,268
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $91,250 |
| Loan Amount | $273,750 |
5
YEARS SAVED
$18,459
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,040
LIST RENT -
$0.75
LIST RENT PER SQFT
-
$2,144
COMP ESTIMATED VALUE -
$0.79
COMP AVG. RENT PER SQFT
Comps Range
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- $2,185
- $0.84
PROPERTY LISTING DETAILS
1.813.603.8640
Dalton Wade Inc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3294138
Last Updated: 03/07/2021
