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PROPERTY INFO
FACTS
- Single Family
- Built In 2005
- Price/Sqft : $163.46
- 3 Days on Market
- MLS # : T3292387
- Updated Date : 02/27/2021 at 13:48
CONSTRUCTION
- Beds : 4
- Floor Size : 2,233 sqft
- Baths : 2 full , 1 half
Listing Agent
Compass Florida, Llc
Listing Agent's Description
Look no further...this is the one. This absolutely gorgeous 4 bedroom, 2.5 bathroom home is located on a cul-de-sac within the beautiful neighborhood of Andover. Arriving at this newly painted home, you are greeted with beautiful landscaping and a large driveway to the 2-car garage. Entering the home you will be amazed by the high ceilings and all of the natural light pouring through the windows. To the left of the front door is a large space, currently being used for the dining but could easily accommodate dining and formal living. Behind the dining is the large kitchen with granite countertops and newer stainless steel appliances. Just off of the kitchen is a breakfast nook overlooking the oversized backyard. The kitchen is also open to the large family room which is ideal for entertaining. The hallway off the family room will lead you to a powder bathroom, laundry room and entry door to the garage. The master bedroom is conveniently located on the first floor and offers bamboo wood floors and 2 huge closets. The master bathroom has both a garden tub and a separate shower stall, as well as a double sink vanity. Back into the family room, sliders will open up and lead you to the amazing covered pavered patio. The covered patio is huge and can accommodate all sorts of patio furniture. Back in the house, bamboo wood floors continue up the stairs and lead you to your loft space which overlooks the first floor. Off of the loft space are 3 additional bedrooms and full bathroom. This homes offers 2 newer AC units as well as an entire solar panel system that was recently added. Even with just over 2,200sqft, your electric bill will be minimal, so bring your electric vehicles. Cross the street from this home is a tranquil pond with areas to sit and relax. This is a special home that was well cared for...you don’t want to miss out.
SEE MORE
- 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)
- #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)
PRICE & RENT TRENDS
Neighborhood: Carrollwood
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Carrollwood
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,950 |
| EXPENSES | Loan Payment | -$1,268 |
| Property Tax | -$449 | |
| Property Insurance | -$165 | |
| HOA | -$35 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$96
|
||
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
$1,950
PROJECTED RENT
0.53%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.27% |
| Appreciation Year (1-5) | 6.9% |
| 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 |
4.92
YEARS SAVED
$18,092
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,950
LIST RENT -
$0.87
LIST RENT PER SQFT
-
$2,004
COMP ESTIMATED VALUE -
$0.9
COMP AVG. RENT PER SQFT
Comps Range
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5902 Birchwood Dr Tampa, FL 1
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LEASED 06/24/20- Rent
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- $1,800
- $0.85
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- 4 beds 2 baths ∙ 2,207 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,207 Sqft ∙ Built 1998
LEASED 07/20/20- Rent
- Rent Per SQFT
- $1,895
- $0.86
-
11112 Elmfield Dr Tampa, FL 4
- 3 beds 3 baths ∙ 2,288 Sqft ∙ Built 1988 3 beds 3 baths ∙ 2,288 Sqft ∙ Built 1988
LEASED 02/19/21- Rent
- Rent Per SQFT
- $2,025
- $0.89
-
12807 Lake Ventana Dr Tampa, FL 5
- 4 beds 3 baths ∙ 2,281 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,281 Sqft ∙ Built 1996
LEASED 07/26/20- Rent
- Rent Per SQFT
- $2,250
- $0.99
PROPERTY LISTING DETAILS
1.813.956.6356
Compass Florida, Llc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3292387
Last Updated: 02/27/2021
