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PROPERTY INFO
FACTS
- Single Family
- Built In 1983
- Price/Sqft : $228.94
- 3 Days on Market
- MLS # : T3287594
- Updated Date : 01/30/2021 at 01:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,175 sqft
- Baths : 2 full
Listing Agent
Future Home Realty Inc
Listing Agent's Description
LOVELY WATERFRONT HOME LOCATED IN COUNTRY RUN/HAMLET SUBDIVISION. GLASS ENTRY DOOR INVITES YOU INSIDE. OPEN FAMILY ROOM W/ CATHEDRAL CEILINGS & A COZY FIREPLACE FOR CHILLY NIGHTS OR ROMANTIC EVENINGS. INTERIOR RECENTLY PAINTED. GLASS SLIDER IN THE FAMILY ROOM GIVES EASY ACCESS TO THE RELAXING SCREENED UNDER TRUSS LANAI. THE LANAI IS ALSO ADORNED W/ BRICK PAVED FLOORING & A CEILING FAN. ENJOY THE VIEW TO YOUR VERY OWN PIECE OF HEAVEN OVERLOOKING THE SERENE POND. FULLY FENCED YARD KEEPS LITTLE ONES & PETS CLOSE BY. ENJOY PLENTY OF HOME COOKED MEALS IN THE FORMAL DINING AREA. FUNCTIONAL KITCHEN W/ BREAKFAST BAR, NEW STOVE INSTALLED. NICELY APPOINTED CABINETS & AMPLE COUNTERTOP SPACE.CONVENIENT ADJOINING MASTER BATHROOM W/ TILED SHOWER & NEUTRAL CABINETS. NO HOA'S. CONVENIENTLY LOCATED TO CITRUS PARK TOWN SHOPPING MALL, CLOSE TO MAJOR HIGHWAYS & SO MUCH MORE!!
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: Country Run
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Country Run
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,460 |
| EXPENSES | Loan Payment | -$934 |
| Property Tax | -$331 | |
| Property Insurance | -$104 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$38
|
||
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.
$269,000
PROJECTED PRICE
$1,460
PROJECTED RENT
0.54%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.13% |
| Appreciation Year (1-5) | 11.0% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.27% |
| 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
$77,035
LOAN DETAILS
$934
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $67,250 |
| Loan Amount | $201,750 |
5.58
YEARS SAVED
$16,064
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,460
LIST RENT -
$1.24
LIST RENT PER SQFT
-
$1,310
COMP ESTIMATED VALUE -
$1.12
COMP AVG. RENT PER SQFT
Comps Range
-
12430 Hidden Brook Dr Tampa, FL 4
- 3 beds 2 baths ∙ 1,175 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,175 Sqft ∙ Built 1983
![property image]()
- Rent
- Rent Per SQFT
- $1,460
- $1.24
-
12339 Witheridge Dr Tampa, FL 1
- 3 beds 2 baths ∙ 1,222 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,222 Sqft ∙ Built 1984
![property image]()
LEASED 04/18/20- Rent
- Rent Per SQFT
- $1,375
- $1.13
-
6307 Quail Ridge Dr Tampa, FL 2
- 3 beds 2 baths ∙ 1,355 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,355 Sqft ∙ Built 1983
![property image]()
LEASED 12/05/19- Rent
- Rent Per SQFT
- $1,450
- $1.07
-
13141 Carrollwood Creek Dr Tampa, FL 3
- 3 beds 2 baths ∙ 1,269 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,269 Sqft ∙ Built 2000
![property image]()
LEASED 07/20/20- Rent
- Rent Per SQFT
- $1,450
- $1.14
-
5128 Springwood Dr Tampa, FL 5
- 3 beds 2 baths ∙ 1,519 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,519 Sqft ∙ Built 1982
![property image]()
LEASED 08/06/20- Rent
- Rent Per SQFT
- $1,700
- $1.12
PROPERTY LISTING DETAILS
1.813.325.4351
Future Home Realty Inc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3287594
Last Updated: 01/30/2021
