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PROPERTY INFO
FACTS
- Single Family
- Built In 2000
- Price/Sqft : $217.25
- 4 Days on Market
- MLS # : U8111892
- Updated Date : 02/05/2021 at 09:01
CONSTRUCTION
- Beds : 3
- Floor Size : 1,496 sqft
- Baths : 2 full
Listing Agent
Keller Williams Gulfside Rlty
Listing Agent's Description
Generously updated and meticulously maintained 3 bedroom, 2 bath Westchase home is situated in the highly sought after gated community of Sheffield. A warm and inviting foyer with recently installed ceramic plank tile greets you as you enter. The spacious floor plan features, split bedrooms, vaulted ceilings, and an updated kitchen with a large breakfast bar completely open to the dining and family area. Two guest bedrooms and a recently renovated full guest bath are located just off of the foyer. The master suite offers plenty of room, a full bath with dual sinks, solid wood cabinetry, updated lighting and finishes, separate walk in shower and garden tub, and an upgraded shelving system in the large walk in closet. Perfect for entertaining the private fenced back yard offers a large paver patio and plenty of room for Fido. Per seller recent updates include new roof 2020, ac 2019, plank ceramic tile flooring throughout, high end light fixtures, and too much more to mention. Centrally located close to shopping, restaurants, outdoor activities, a short drive from Downtown Tampa, world class beaches and area airports.
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: Westchester of Hillsborough
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Westchester of Hillsborough
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,820 |
| EXPENSES | Loan Payment | -$1,129 |
| Property Tax | -$400 | |
| Property Insurance | -$123 | |
| HOA | -$58 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$18
|
||
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.
$325,000
PROJECTED PRICE
$1,820
PROJECTED RENT
0.56%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.27% |
| Appreciation Year (1-5) | 2.5% |
| 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
$91,875
LOAN DETAILS
$1,129
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $81,250 |
| Loan Amount | $243,750 |
6.08
YEARS SAVED
$22,042
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,820
LIST RENT -
$1.22
LIST RENT PER SQFT
-
$1,814
COMP ESTIMATED VALUE -
$1.21
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 05/29/20- Rent
- Rent Per SQFT
- $1,850
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-
11246 Cypress Reserve Dr Tampa, FL 4
- 3 beds 2 baths ∙ 1,758 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,758 Sqft ∙ Built 2000
LEASED 08/21/19- Rent
- Rent Per SQFT
- $2,100
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14401 Pepperpine Dr Tampa, FL 5
- 3 beds 2 baths ∙ 1,796 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,796 Sqft ∙ Built 2000
LEASED 12/21/19- Rent
- Rent Per SQFT
- $2,200
- $1.22
PROPERTY LISTING DETAILS
1.727.409.8275
Keller Williams Gulfside Rlty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: U8111892
Last Updated: 02/05/2021
