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PROPERTY INFO
FACTS
- Single Family
- Built In 1983
- Price/Sqft : $160.02
- 7 Days on Market
- MLS # : T3288277
- Updated Date : 02/09/2021 at 13:48
CONSTRUCTION
- Beds : 3
- Floor Size : 1,681 sqft
- Baths : 2 full
Listing Agent
Coldwell Banker Residential
Listing Agent's Description
Very open and inviting River Landing villa home - 2 bedrooms, den & 2 full baths - notice the vaulted ceiling and fireplace at entry - both baths have been updated with safety features - 12x15 master features TWO mirrored closets and access to screened patio - sliding door access to 13x11 patio from 3 rooms - a/c 2011, garage door 2015, both roofs 2018 , tile floors except 2nd bedroom and den, private backyard courtyard well landscaped - oversized double car garage - bring the golf cart. Very special Temple Terrace neighborhood with a low HOA of $185 and includes maintenance of grounds, 7 acre park, boat/RV storage, pool, tennis court, walking trail and dock/gazebo on the Hillsborough River. Convenient to I75, USF, Busch Gardens and many medical and professional facilities. You may also want to tour the Temple Terrace Golf & Country Club, the Temple Terrace Family Recreation Center and many parks nearby. Floorplan available at your request.
SEE MORE
- #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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Temple Terrace
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Temple Terrace
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,700 |
| EXPENSES | Loan Payment | -$934 |
| Property Tax | -$319 | |
| Property Insurance | -$133 | |
| HOA | -$185 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$0
|
||
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.
$269,000
PROJECTED PRICE
$1,700
PROJECTED RENT
0.63%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.13% |
| Appreciation Year (1-5) | 5.0% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.27% |
| 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
$77,035
LOAN DETAILS
$934
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $67,250 |
| Loan Amount | $201,750 |
5.83
YEARS SAVED
$17,555
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,700
LIST RENT -
$1.01
LIST RENT PER SQFT
-
$1,687
COMP ESTIMATED VALUE -
$1
COMP AVG. RENT PER SQFT
Comps Range
-
11405 Robles Del Rio Pl Temple Terrace, FL 3
- 3 beds 2 baths ∙ 1,681 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,681 Sqft ∙ Built 1983
- Rent
- Rent Per SQFT
- $1,700
- $1.01
-
9832 Morris Glen Way Temple Terrace, FL 1
- 3 beds 2 baths ∙ 1,484 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,484 Sqft ∙ Built 2000
LEASED 09/13/19- Rent
- Rent Per SQFT
- $1,550
- $1.04
-
9415 Alanbrooke St Temple Terrace, FL 2
- 3 beds 2 baths ∙ 1,614 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,614 Sqft ∙ Built 1985
LEASED 01/31/20- Rent
- Rent Per SQFT
- $1,650
- $1.02
-
6228 Soaring Ave Temple Terrace, FL 4
- 3 beds 2 baths ∙ 1,887 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,887 Sqft ∙ Built 1984
LEASED 03/13/20- Rent
- Rent Per SQFT
- $1,795
- $0.95
PROPERTY LISTING DETAILS
1.813.245.3424
Coldwell Banker Residential
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3288277
Last Updated: 02/09/2021
