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PROPERTY INFO
FACTS
- Single Family
- Built In 2005
- Price/Sqft : $128.21
- 3 Days on Market
- MLS # : T3285104
- Updated Date : 01/16/2021 at 09:49
CONSTRUCTION
- Beds : 4
- Floor Size : 2,028 sqft
- Baths : 2 full
Listing Agent
Platinum Properties Of Florida Llc
Listing Agent's Description
Come see this beautiful 4 bedroom home located on the Diamond Hill Golf Course. You don't have to play golf to enjoy yourself on the back deck looking out over the picturesque view. The open floor plan is perfect for entertaining for friends and family. The floors in the main area are perfect for heavy traffic. Enjoy a meal in the formal dining room or grab a quick snack in the breakfast area. New A/C installed in 2019 will be sure to give you years of comfort. View the property now with the 3D tour.
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: Diamond Hill
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Diamond Hill
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,890 |
| EXPENSES | Loan Payment | -$903 |
| Property Tax | -$343 | |
| Property Insurance | -$154 | |
| HOA | -$65 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$296
|
||
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.
$260,000
PROJECTED PRICE
$1,890
PROJECTED RENT
0.73%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.27% |
| Appreciation Year (1-5) | 4.5% |
| 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
$74,650
LOAN DETAILS
$903
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $65,000 |
| Loan Amount | $195,000 |
11.83
YEARS SAVED
$47,180
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,890
LIST RENT -
$0.93
LIST RENT PER SQFT
-
$1,881
COMP ESTIMATED VALUE -
$0.93
COMP AVG. RENT PER SQFT
Comps Range
-
1152 Emerald Hill Way Valrico, FL 2
- 4 beds 2 baths ∙ 2,028 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,028 Sqft ∙ Built 2005
![property image]()
- Rent
- Rent Per SQFT
- $1,890
- $0.93
-
1122 Emerald Hill Way Valrico, FL 1
- 4 beds 2 baths ∙ 2,028 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,028 Sqft ∙ Built 2006
![property image]()
LEASED 08/27/20- Rent
- Rent Per SQFT
- $1,800
- $0.89
-
1107 Emerald Hill Way Valrico, FL 3
- 3 beds 2 baths ∙ 2,172 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,172 Sqft ∙ Built 2005
![property image]()
LEASED 04/07/20- Rent
- Rent Per SQFT
- $1,945
- $0.90
-
1170 Emerald Hill Way Valrico, FL 4
- 4 beds 2 baths ∙ 2,028 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,028 Sqft ∙ Built 2006
![property image]()
LEASED 07/02/20- Rent
- Rent Per SQFT
- $1,945
- $0.96
-
1512 Emerald Hill Way Valrico, FL 5
- 4 beds 2 baths ∙ 2,028 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,028 Sqft ∙ Built 2004
![property image]()
LEASED 05/26/20- Rent
- Rent Per SQFT
- $1,945
- $0.96
PROPERTY LISTING DETAILS
1.352.424.1381
Platinum Properties Of Florida Llc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3285104
Last Updated: 01/16/2021
