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PROPERTY INFO
FACTS
- Single Family
- Built In 1992
- Price/Sqft : $157.22
- 7 Days on Market
- MLS # : T3275953
- Updated Date : 11/16/2020 at 10:51
CONSTRUCTION
- Beds : 4
- Floor Size : 2,983 sqft
- Baths : 3 full
Listing Agent
Re/max Realty Unlimited
Listing Agent's Description
This beautiful home sits on over a quarter acre with a fenced back yard and plenty of room to add a pool. This unique home actually has 5 bedrooms. There is an additional bedroom off the Master bath that would make a perfect office or nursery. The oversized master bath has dual sinks, a garden tub, and a shower. Each of the bedrooms has a large closet. The laundry room is larger than most and there is also a 9X5 storage room/pantry or hobby room. The kitchen is open and airy with a dinette area that is brightened by a skylight. This home also features a separate formal living room and formal dining room area in addition to the enormous family room boasting a wood-burning fireplace. Outback there is a covered screened porch to enjoy as well as a spacious, fenced backyard. the sprinklers use reclaimed water, so you can keep it beautiful without breaking the bank. There is fresh paint inside and out, new toilets, and brand new A/C unity in 2019
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: Village Wood
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Village Wood
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,880 |
| EXPENSES | Loan Payment | -$1,730 |
| Property Tax | -$577 | |
| Property Insurance | -$209 | |
| HOA | -$25 | |
| Property Management Fees | -$80 | |
|
CASH FLOW
$259
|
||
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.
$469,000
PROJECTED PRICE
$2,880
PROJECTED RENT
0.61%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.27% |
| Appreciation Year (1-5) | 7.3% |
| 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
$130,035
LOAN DETAILS
$1,730
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $117,250 |
| Loan Amount | $351,750 |
9.42
YEARS SAVED
$71,804
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,880
LIST RENT -
$0.97
LIST RENT PER SQFT
-
$3,087
COMP ESTIMATED VALUE -
$1.04
COMP AVG. RENT PER SQFT
Comps Range
-
12904 Cinnimon Pl Tampa, FL 1
- 4 beds 2 baths ∙ 2,983 Sqft ∙ Built 1992 4 beds 2 baths ∙ 2,983 Sqft ∙ Built 1992
![property image]()
- Rent
- Rent Per SQFT
- $2,880
- $0.97
-
13704 Halliford Dr Tampa, FL 2
- 5 beds 3 baths ∙ 3,119 Sqft ∙ Built 1984 5 beds 3 baths ∙ 3,119 Sqft ∙ Built 1984
![property image]()
LEASED 05/26/19- Rent
- Rent Per SQFT
- $3,100
- $0.99
-
4510 Carrollwood Village Dr Tampa, FL 3
- 4 beds 3 baths ∙ 3,056 Sqft ∙ Built 1973 4 beds 3 baths ∙ 3,056 Sqft ∙ Built 1973
![property image]()
LEASED 05/08/20- Rent
- Rent Per SQFT
- $3,300
- $1.08
PROPERTY LISTING DETAILS
1.813.714.3811
Re/max Realty Unlimited
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3275953
Last Updated: 11/16/2020
