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PROPERTY INFO
FACTS
- Single Family
- Built In 2017
- Price/Sqft : $133.47
- 6 Days on Market
- MLS # : T3278501
- Updated Date : 12/02/2020 at 22:27
CONSTRUCTION
- Beds : 4
- Floor Size : 2,023 sqft
- Baths : 3 full
Listing Agent
Century 21 Executive Team
Listing Agent's Description
Beautiful move-in ready four bedroom, three bathroom home! Tile floors throughout the common areas with carpet in the bedrooms. Kitchen features stainless steel appliances, 42" cabinets with raised panel doors, and granite countertops. 15 SEER high-efficiency heating and air conditioning system. Super-efficient hybrid water heater. Spectacular pond view from the family room and master bedroom. Ballantrae offers great neighborhood amenities including a community pool and club house! Low HOA and CDD fees. Easy access to US 301 and I-75. Home has been freshly painted and is ready for you to make it yours!
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
Zip Code: 33579
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 33579
* 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 | -$996 |
| Property Tax | -$532 | |
| Property Insurance | -$154 | |
| HOA | -$5 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$73
|
||
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.
$270,000
PROJECTED PRICE
$1,890
PROJECTED RENT
0.70%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.27% |
| Appreciation Year (1-5) | 5.8% |
| 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
$77,300
LOAN DETAILS
$996
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $67,500 |
| Loan Amount | $202,500 |
7.58
YEARS SAVED
$30,200
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
-
$1,851
COMP ESTIMATED VALUE -
$0.91
COMP AVG. RENT PER SQFT
Comps Range
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![property image]()
- Rent
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- $1,890
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11843 Thicket Wood Dr Riverview, FL 1
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LEASED 05/02/20- Rent
- Rent Per SQFT
- $1,550
- $0.82
-
11819 Winterset Cove Dr Riverview, FL 2
- 3 beds 2 baths ∙ 1,851 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,851 Sqft ∙ Built 2018
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LEASED 12/16/19- Rent
- Rent Per SQFT
- $1,695
- $0.92
-
11860 Thicket Wood Dr Riverview, FL 3
- 4 beds 2 baths ∙ 1,836 Sqft ∙ Built 2016 4 beds 2 baths ∙ 1,836 Sqft ∙ Built 2016
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LEASED 09/26/20- Rent
- Rent Per SQFT
- $1,720
- $0.94
-
11729 Winterset Cove Dr Riverview, FL 5
- 4 beds 3 baths ∙ 2,040 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,040 Sqft ∙ Built 2018
![property image]()
LEASED 10/15/20- Rent
- Rent Per SQFT
- $2,000
- $0.98
PROPERTY LISTING DETAILS
1.813.951.4064
Century 21 Executive Team
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3278501
Last Updated: 12/02/2020
