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PROPERTY INFO
FACTS
- Single Family
- Built In 2007
- Price/Sqft : $132.87
- 4 Days on Market
- MLS # : O5907120
- Updated Date : 11/20/2020 at 11:50
CONSTRUCTION
- Beds : 3
- Floor Size : 2,747 sqft
- Baths : 3 full
Listing Agent
Beycome Of Florida Llc
Listing Agent's Description
This meticulously maintained 2747sf home is on a VERY quiet loop street in the Lawford community of Panther Trace, with its own community center and pool. Amazing bamboo floors throughout the house gives it a unique charm. It has crown molding, open floor plan, and many upgrades throughout. Office with French doors off the entry foyer is perfect for work from home privacy. The kitchen is comprised of 42" maple raised panel cabinets topped w/ crown, granite countertops, center-island & all stainless appliances with walk-in pantry! The kitchen opens to the family room and to the sun room lanai perfect for any season. The private master suite is privately tucked away on one side of the home with a LARGE walk-in closet, attached bath w/ double sinks, garden tub, separate shower, and private commode. The other wing of this split floor plan has 2 guest bedrooms separated by a play room or den (bonus room), and each has its own full bath. The outdoor sun room is complete with windows and door access to the meticulously kept back yard. The back yard is fully fenced with PVC and is maintenance free! Just a short walk to the elementary school, community pool, tennis courts, park & playground! HOA is only $50 A YEAR! CDD (included in taxes) is $2050 AND expires in 7 years! In Flood zone X; on 7700 sf lot. Gas stove. This one is a must see and won't last long!
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: Panther Trace
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Panther Trace
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,960 |
| EXPENSES | Loan Payment | -$1,347 |
| Property Tax | -$503 | |
| Property Insurance | -$196 | |
| HOA | -$4 | |
| Property Management Fees | -$80 | |
|
CASH FLOW
-$170
|
||
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.
$365,000
PROJECTED PRICE
$1,960
PROJECTED RENT
0.54%
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
$102,475
LOAN DETAILS
$1,347
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $91,250 |
| Loan Amount | $273,750 |
3.67
YEARS SAVED
$14,995
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,960
LIST RENT -
$0.71
LIST RENT PER SQFT
-
$1,978
COMP ESTIMATED VALUE -
$0.72
COMP AVG. RENT PER SQFT
Comps Range
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- $1,900
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LEASED 12/23/19- Rent
- Rent Per SQFT
- $2,025
- $0.76
PROPERTY LISTING DETAILS
1.844.239.2663
Beycome Of Florida Llc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5907120
Last Updated: 11/20/2020
