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PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $195.88
- 2 Days on Market
- MLS # : L4919363
- Updated Date : 11/21/2020 at 15:41
CONSTRUCTION
- Beds : 4
- Floor Size : 2,501 sqft
- Baths : 2 full
Listing Agent
Remax Paramount Properties
Listing Agent's Description
Don't miss this elegant 4 bedroom 2 bath 3 car garage home in Amanda Oaks, a gated community of fine custom homes. This beautiful master piece built by Hulbert Homes, the casual Florida style floor plan design immediately draws you to the expansive pool and patio area. The garden by the pool has many beautiful and exotic plants to give you the feeling of paradise. As you enter from the double glass front door you will view the elegant living room and the formal dining room with twelve foot ceiling, crown molding, custom hardwood floors in the dining room, family room and office/bedroom. Custom tiles are in the living room, kitchen and wet areas. Spacious kitchen with 42 inch custom cabinets, upgraded stainless steel appliances, solid surface counter tops, custom backsplash and light fixtures under the cabinet. The kitchen and the spacious nook opens up to the large family room with tray ceiling for family entertainment. The double French doors from the family room and the master bedroom opens up to 31x43 pool patio. The spacious master bedroom with tray ceiling over look the 16x30 custom pool with running fountain. The paver garden area surrounded with many tropical plants it gives you the tropical paradise illusion for family entertainment. Come see this immaculate home and schedule a private showing today.
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: Amanda Oaks
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Amanda Oaks
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,550 |
| EXPENSES | Loan Payment | -$1,808 |
| Property Tax | -$539 | |
| Property Insurance | -$179 | |
| HOA | -$54 | |
| Property Management Fees | -$80 | |
|
CASH FLOW
-$109
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.
$489,900
PROJECTED PRICE
$2,550
PROJECTED RENT
0.52%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.82% |
| Appreciation Year (1-5) | 6.9% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 3.73% |
| 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
$135,574
LOAN DETAILS
$1,808
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $122,475 |
| Loan Amount | $367,425 |
4.25
YEARS SAVED
$22,730
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,550
LIST RENT -
$1.02
LIST RENT PER SQFT
-
$2,051
COMP ESTIMATED VALUE -
$0.82
COMP AVG. RENT PER SQFT
Comps Range
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- $1,995
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515 Osprey Landing Dr Lakeland, FL 3
- 4 beds 3 baths ∙ 2,634 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,634 Sqft ∙ Built 2004
LEASED 02/12/20- Rent
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- $2,100
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LEASED 02/12/20- Rent
- Rent Per SQFT
- $2,295
- $0.83
PROPERTY LISTING DETAILS
1.863.698.9341
Remax Paramount Properties
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: L4919363
Last Updated: 11/21/2020
