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PROPERTY INFO
FACTS
- Single Family
- Built In 2016
- Price/Sqft : $140.06
- 2 Days on Market
- MLS # : T3286531
- Updated Date : 01/24/2021 at 01:00
CONSTRUCTION
- Beds : 4
- Floor Size : 1,635 sqft
- Baths : 2 full
Listing Agent
Re/max Realtec Group Inc
Listing Agent's Description
Come view this newer built Adams home in the highly desired Reserve at Meadow Oaks golf course community. This home is in a golf cart friendly community that is gated, has tennis courts, sidewalks, streetlights, clubhouse, and a community pool. This home is a 4-bedroom 2-bath 2-car garage that is beyond move in ready. The outside was just freshly landscaped, and the backyard is fenced and has view of golf course as well. The kitchen is open and spacious with stainless steel appliances, wood cabinets, and tile floor. There is plenty of cabinet space, bar space to eat or entertain, and nicely sized pantry too. All the carpets have been professionally cleaned. The living room is spacious and has room for a sectional or dual recliners and big screen tv to watch the big game or favorite shows on. There is room for a formal dining area as well. The master bedroom is nicely sized and has a walk-in closet. The master bath has dual sinks and a stand in shower. The other 3 bedrooms are split from the master and have access to the guest full bath. This single owner home has been meticulous cared for and is waiting for you to call it home 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: Reserve at Meadow Wood
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Reserve at Meadow Wood
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,400 |
| EXPENSES | Loan Payment | -$795 |
| Property Tax | -$257 | |
| Property Insurance | -$131 | |
| HOA | -$109 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$22
|
||
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.
$229,000
PROJECTED PRICE
$1,400
PROJECTED RENT
0.61%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.13% |
| Appreciation Year (1-5) | 7.9% |
| 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
$66,435
LOAN DETAILS
$795
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $57,250 |
| Loan Amount | $171,750 |
5.58
YEARS SAVED
$13,651
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,400
LIST RENT -
$0.86
LIST RENT PER SQFT
-
$1,492
COMP ESTIMATED VALUE -
$0.91
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 06/14/20- Rent
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- $1,650
- $0.95
PROPERTY LISTING DETAILS
1.813.857.8690
Re/max Realtec Group Inc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3286531
Last Updated: 01/24/2021
