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PROPERTY INFO
FACTS
- Single Family
- Built In 2005
- Price/Sqft : $139.90
- 4 Days on Market
- MLS # : W7828546
- Updated Date : 11/21/2020 at 12:56
CONSTRUCTION
- Beds : 4
- Floor Size : 1,965 sqft
- Baths : 2 full
Listing Agent
Re/max Champions
Listing Agent's Description
GET IT WHILE YOU CAN! This Spacious 4 Bedroom 2 Bath home located in the much-desired community of Ashely Lakes is available for YOU RIGHT NOW! Remodeled kitchen with an abundance of cabinets featuring Underlighting, Subway Tile, Contemporary lighting and plenty of beautiful granite counter space is the highlight of this home. Smack Dab In the center of this home is a Large Living/Family Room for watching TV on the big screen and enjoying company. The Split Bedroom plan is great for family or guests with Bedroom 4 located at the front of the property currently being used as a Home Office. Large Dining area off the kitchen is great for entertaining and family Holidays!! Home is very well kept and in great condition. The Fenced in back yard comes complete with Patio Set and Shed as an extra bonus so submit your offers without delay and have a chance at this home becoming yours. Newer Roof and A/C. Home is located across from conservation, so you’ll never have to worry about your view along with parks throughout this quaint tree lined community. Close to Shopping, Restaurants, Salons, Major Highways and Tampa International Airport. A must SEE!!
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: Ashley Lakes
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Ashley Lakes
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,740 |
| EXPENSES | Loan Payment | -$1,014 |
| Property Tax | -$308 | |
| Property Insurance | -$151 | |
| HOA | -$37 | |
| Property Management Fees | -$80 | |
|
CASH FLOW
$150
|
||
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.
$274,900
PROJECTED PRICE
$1,740
PROJECTED RENT
0.63%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.27% |
| Appreciation Year (1-5) | 8.1% |
| 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
$78,599
LOAN DETAILS
$1,014
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $68,725 |
| Loan Amount | $206,175 |
9.42
YEARS SAVED
$41,588
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,740
LIST RENT -
$0.89
LIST RENT PER SQFT
-
$1,714
COMP ESTIMATED VALUE -
$0.87
COMP AVG. RENT PER SQFT
Comps Range
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- $1,740
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2141 Stoneview Rd Odessa, FL 1
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LEASED 11/21/19- Rent
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LEASED 10/11/20- Rent
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- $1,695
- $0.87
-
2313 Curzon Way Odessa, FL 4
- 3 beds 2 baths ∙ 1,950 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,950 Sqft ∙ Built 2005
LEASED 01/24/20- Rent
- Rent Per SQFT
- $1,750
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-
13801 Vanderbilt Rd Odessa, FL 5
- 3 beds 3 baths ∙ 2,196 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,196 Sqft ∙ Built 2005
LEASED 11/01/20- Rent
- Rent Per SQFT
- $1,895
- $0.86
PROPERTY LISTING DETAILS
1.727.871.0288
Re/max Champions
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: W7828546
Last Updated: 11/21/2020
