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PROPERTY INFO
FACTS
- Single Family
- Built In 1998
- Price/Sqft : $130.94
- 3 Days on Market
- MLS # : T3277998
- Updated Date : 11/27/2020 at 19:49
CONSTRUCTION
- Beds : 4
- Floor Size : 2,482 sqft
- Baths : 3 full
Listing Agent
Keller Williams - New Tampa
Listing Agent's Description
One or more pictures have been virtually staged. Looking for space, location, and a price that allows you to put your on touch on upgrades? Look no further. This ranch style block home provides you with 4 bedrooms, 3 full bathrooms AND an office space as well as 3 car garage! Freshly painted, this open floor plan provides the perfect flow from kitchen to family room so that you can stay in the conversion with guests or family while putting food or drinks together. The office has a large window and is ideal for work at home or home-schooling. The home backs up to conservation so you have a nature view while spending time in the large screened in lanai. All this and in a prime location. Just a few minutes away from 41 and I-75, north of the 275 junction, you have great access to highways and backroads to get to most parts of Tampa, Wesley Chapel, New Tampa, Brandon, and Citrus Park in minutes. Since this home comes with a 12 month home-warranty, you have the peace of mind that you would be protected from most unexpected expenses. Come and see the value for yourself and claim this home before its too late!
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: Willow Bend
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Willow Bend
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,140 |
| EXPENSES | Loan Payment | -$1,199 |
| Property Tax | -$406 | |
| Property Insurance | -$181 | |
| HOA | -$48 | |
| Property Management Fees | -$80 | |
|
CASH FLOW
$226
|
||
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
$2,140
PROJECTED RENT
0.66%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.27% |
| Appreciation Year (1-5) | 5.5% |
| 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
$1,199
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $81,250 |
| Loan Amount | $243,750 |
9.92
YEARS SAVED
$53,900
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,140
LIST RENT -
$0.86
LIST RENT PER SQFT
-
$2,234
COMP ESTIMATED VALUE -
$0.9
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 08/20/19- Rent
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- $2,200
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-
22610 Magnolia Trace Blvd Lutz, FL 4
- 4 beds 2 baths ∙ 2,285 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,285 Sqft ∙ Built 1998
LEASED 06/09/20- Rent
- Rent Per SQFT
- $2,250
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-
1239 Primwood Ln Lutz, FL 5
- 4 beds 2 baths ∙ 2,310 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,310 Sqft ∙ Built 1998
LEASED 10/18/19- Rent
- Rent Per SQFT
- $2,295
- $0.99
PROPERTY LISTING DETAILS
1.973.652.2908
Keller Williams - New Tampa
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3277998
Last Updated: 11/27/2020
