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PROPERTY INFO
FACTS
- Single Family
- Built In 2008
- Price/Sqft : $189.50
- 2 Days on Market
- MLS # : T3287339
- Updated Date : 01/30/2021 at 13:26
CONSTRUCTION
- Beds : 3
- Floor Size : 2,000 sqft
- Baths : 3 full
Listing Agent
Flat Fee Mls Realty
Listing Agent's Description
This lovely 3 bedroom 3 bath Oakmont model is located at street end with an extended driveway providing ample parking space with water views on two sides of the property. From the lanai enjoy views of water and the park-like preserve. The home offers an open floor plan, with den/office which is currently used as a craft room and a Murphy bed installed in one of the guest bedrooms. The two car garage has additional cabinets for storage. The home is located in the highly sought out Islandwalk Gated Community which includes 3 member swimming pools, 3 community buildings, 8 tennis and 8 Pickle Ball courts, 6 bocce ball courts, a community garden, playground, dog park and half basketball court.
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: Islandwalk at the West Villages
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Islandwalk at the West Villages
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,830 |
| EXPENSES | Loan Payment | -$1,316 |
| Property Tax | -$532 | |
| Property Insurance | -$159 | |
| HOA | -$322 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$372
|
||
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.
$379,000
PROJECTED PRICE
$2,830
PROJECTED RENT
0.75%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.43% |
| Appreciation Year (1-5) | 4.3% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 3.71% |
| 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
$106,185
LOAN DETAILS
$1,316
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $94,750 |
| Loan Amount | $284,250 |
10.42
YEARS SAVED
$58,352
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,830
LIST RENT -
$1.42
LIST RENT PER SQFT
-
$2,140
COMP ESTIMATED VALUE -
$1.07
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 02/27/20- Rent
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LEASED 09/01/20- Rent
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LEASED 03/17/20- Rent
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LEASED 05/18/20- Rent
- Rent Per SQFT
- $2,350
- $1.11
PROPERTY LISTING DETAILS
1.813.699.9616
Flat Fee Mls Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3287339
Last Updated: 01/30/2021
