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INVESTimate
$189,900
List Price
$56,074
REQUEST INFO
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PROPERTY INFO
FACTS
- Built In 1983
- Price/Sqft : $107.59
- 2 Days on Market
- MLS # : W7825999
- Updated Date : 08/26/2020 at 02:31
CONSTRUCTION
- Beds : 3
- Floor Size : 1,765 sqft
- Baths : 2 full
Listing Agent
Re/max Advantage Realty
Listing Agent's Description
OPPORTUNITY KNOCKS! 3 bedroom 2 bathroom 2 car garage POOL home located in Shadow Ridge. This spacious home has large bedrooms and a fireplace. This home has just under 1800 square feet of living area and laminate wood flooring in the living areas. OWNER FINANCING AVAILABLE WITH 20% DOWN.
SEE MORE
- 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.
- Tampa's economy is worth over $156 billion in Gross Metro Product and projected to grow to $165 billion in 2019 (USMayors.org, 2018)
PRICE & RENT TRENDS
Neighborhood: Shadow Lakes
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Shadow Lakes
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
INCOME | Rent | $1,360 |
EXPENSES | Loan Payment | -$701 |
Property Tax | -$213 | |
Property Insurance | -$139 | |
Property Management Fees | -$80 | |
CASH FLOW
$228
|
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.
$189,900
PROJECTED PRICE
$1,360
PROJECTED RENT
0.72%
PROJECTED RENT / PRICE RATIO
Expense Inflation | 2.50% |
Rental Growth Year (1-5) | 3.87% |
Appreciation Year (1-5) | 7.85% |
Maintenance Year (1-5) | 8.00% |
Vacancy | 5.25% |
Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$56,074
LOAN DETAILS
$701
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 4.25% |
Down Payment | $47,475 |
Loan Amount | $142,425 |
11.92
YEARS SAVED
$40,676
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,360
LIST RENT -
$0.77
LIST RENT PER SQFT
-
$1,399
COMP ESTIMATED VALUE -
$0.79
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
1.352.585.6317
Re/max Advantage Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: W7825999
Last Updated: 08/26/2020