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PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $224.55
- 6 Days on Market
- MLS # : O5919445
- Updated Date : 01/29/2021 at 18:07
CONSTRUCTION
- Beds : 3
- Floor Size : 1,959 sqft
- Baths : 2 full
Listing Agent
Beycome Of Florida Llc
Listing Agent's Description
This 1-story updated home is centrally located in a great neighborhood within easy short distance to A rated Tatum Elementary school and 1 mile from the celery fields. The home boasts 3 bedrooms, 2 baths with den, 3 car garage to store your toys and a recently updated pool with glass tiles. The kitchen offers an abundance of cabinetry and counter space, stainless steel appliances, Corian countertops, pantry, and eat in dinette. The recently repainted interior with split floor plan offers open and bright living and dining areas. The oversized master suite with access to the lanai, his and her (walk in) closets, and connects to the master bathroom with dual sinks, garden tub, and walk in shower. This home provides low cost of living with No CDDs and low HOA and is Close to I75, shopping, entertainment, trails, parks, and malls.
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: Villages at Pinetree Ponderosa Enclave
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Villages at Pinetree Ponderosa Enclave
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,270 |
| EXPENSES | Loan Payment | -$1,528 |
| Property Tax | -$411 | |
| Property Insurance | -$156 | |
| HOA | -$57 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$12
|
||
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.
$439,900
PROJECTED PRICE
$2,270
PROJECTED RENT
0.52%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.34% |
| Appreciation Year (1-5) | 3.8% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 3.70% |
| 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
$122,324
LOAN DETAILS
$1,528
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $109,975 |
| Loan Amount | $329,925 |
5.67
YEARS SAVED
$28,139
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,270
LIST RENT -
$1.16
LIST RENT PER SQFT
-
$2,365
COMP ESTIMATED VALUE -
$1.21
COMP AVG. RENT PER SQFT
Comps Range
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- Rent Per SQFT
- $2,500
- $1.25
PROPERTY LISTING DETAILS
1.844.239.2663
Beycome Of Florida Llc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5919445
Last Updated: 01/29/2021
