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PROPERTY INFO
FACTS
- Single Family
- Built In 2017
- Price/Sqft : $185.93
- 2 Days on Market
- MLS # : A4486470
- Updated Date : 12/19/2020 at 17:33
CONSTRUCTION
- Beds : 4
- Floor Size : 2,431 sqft
- Baths : 3 full
Listing Agent
Julia Int'l Real Estate Llc
Listing Agent's Description
WOW! This gorgeous 4 bedroom 3 bath home sits on a corner lot and has great views of the water from the front of the home. The first floor has 3 large bedrooms including the Master as well as 2 full baths. This home is absolutely stunning and is perfect! As you walk through the front door you are greeted by tall ceilings and nice foyer. Look to your right and you will see a game/poker room that also may be used as a media room, or Den/Office. The kitchen space is open to the dining area and living room. The kitchen offers plenty of espresso stained cabinetry and stainless appliances. The breakfast bar is a nice touch and adds to the ambience of entertaining. The dining space is right off the kitchen area and opens into the living space. The lanai is large and is finished off with pavers. It leads to a huge partially fenced in backyard. The Master bedroom is quite spacious with plenty of light and offers a large walk in closet. Relax as you soak in the large master bath garden tub. An upstairs loft area offers a huge bonus/living area, large storage room, a 4th bedroom and 3/4 bath for complete privacy. It truly is a nice getaway from the main areas of the home. Harmony Community is a gated community in Lakewood Ranch offering a community pool, playground, clubhouse and fitness area.
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
Neighborhood: Lakewood Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Lakewood Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,720 |
| EXPENSES | Loan Payment | -$1,668 |
| Property Tax | -$544 | |
| Property Insurance | -$185 | |
| HOA | -$229 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$35
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.
$452,000
PROJECTED PRICE
$2,720
PROJECTED RENT
0.60%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.34% |
| Appreciation Year (1-5) | 2.6% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 3.70% |
| 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
$125,530
LOAN DETAILS
$1,668
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $113,000 |
| Loan Amount | $339,000 |
5.25
YEARS SAVED
$29,500
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,720
LIST RENT -
$1.12
LIST RENT PER SQFT
-
$2,650
COMP ESTIMATED VALUE -
$1.09
COMP AVG. RENT PER SQFT
Comps Range
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- $2,650
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LEASED 01/01/20- Rent
- Rent Per SQFT
- $2,800
- $1.13
PROPERTY LISTING DETAILS
1.941.468.2323
Julia Int'l Real Estate Llc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: A4486470
Last Updated: 12/19/2020
