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PROPERTY INFO
FACTS
- Single Family
- Built In 2007
- Price/Sqft : $125.90
- 3 Days on Market
- MLS # : T3277152
- Updated Date : 11/21/2020 at 01:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,382 sqft
- Baths : 2 full , 1 half
Listing Agent
Ling Realty, Llc
Listing Agent's Description
BEAUTIFUL 3 BED 2.5 BATH POOL HOME IN THE MOSS LANDING COMMUNITY OF RIVERVIEW WITH NO CDD! This homes interior was recently repainted in its entirety, new carpet was installed and a deep clean was completed. As you enter the home it opens into the formal living space conveniently located across from the 1/2 bathroom/common bathroom located down stairs. Under the stairs is ample additional storage. Next is the Family room, that looks into both the dining and kitchen. The kitchen boasts, a large cooking island, granite countertops, 42 in cabinets, and closet pantry. Also attached to the kitchen is the large interior laundry that leads into the garage. On the second floor are all sleeping quarters as well as a large 14x12 loft. The generously sized secondary bedrooms sit side by side a large linen closet / HVAC closet holding both AC handlers (one for upstairs and one for downstairs.) and both offer walk in closets. The secondary bathroom features a large vanity and tub shower combo. The enormous master has plenty of space for both sleeping a living spaces and tray ceilings to elaborate the size. The attached master bath has dual vanities, a jacuzzi tub with shower and large linen closet. Also attached to the bath is the large walk in closet (12x10) for additional storage. Some other features the home includes is a 20x20 two car garage with 10 foot ceilings, paned sliders that allow entry to the pool patio from the dining area, a screened patio surrounding an underground pool equipped with a child safety fence that overlooks the fully fenced backyard that also holds an additional patio/seating area with gazebo. This home is centrally located near major roadways and local interstates that allow for easy commutes to surrounding areas such as Brandon, Tampa and St. Pete.
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
Zip Code: 33569
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 33569
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,720 |
| EXPENSES | Loan Payment | -$1,107 |
| Property Tax | -$413 | |
| Property Insurance | -$175 | |
| HOA | -$53 | |
| Property Management Fees | -$80 | |
|
CASH FLOW
-$107
|
||
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.
$299,900
PROJECTED PRICE
$1,720
PROJECTED RENT
0.57%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.27% |
| Appreciation Year (1-5) | 6.2% |
| 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
$85,224
LOAN DETAILS
$1,107
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $74,975 |
| Loan Amount | $224,925 |
4.33
YEARS SAVED
$14,608
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,720
LIST RENT -
$0.72
LIST RENT PER SQFT
-
$1,721
COMP ESTIMATED VALUE -
$0.72
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 03/19/20- Rent
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- $1,625
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LEASED 03/31/20- Rent
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- $1,650
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LEASED 12/05/19- Rent
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- $1,675
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LEASED 09/21/20- Rent
- Rent Per SQFT
- $1,825
- $0.73
PROPERTY LISTING DETAILS
1.813.731.5415
Ling Realty, Llc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3277152
Last Updated: 11/21/2020
