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PROPERTY INFO
FACTS
- Single Family
- Built In 2018
- Price/Sqft : $171.46
- 3 Days on Market
- MLS # : T3292088
- Updated Date : 02/26/2021 at 16:48
CONSTRUCTION
- Beds : 4
- Floor Size : 2,362 sqft
- Baths : 3 full , 1 half
Listing Agent
Re/max Across The Bay
Listing Agent's Description
DAVID WEEKLEY BUILT 4BD/3.5BA PLUS BONUS ROOM TWO-STORY BEAUTY IN DESIRABLE FISHHAWK RANCH WEST WITH FENCED BACKYARD! DRAMATIC-2-STORY CEILING IN THE FOYER AND DINING AREA WITH LOTS OF NATURAL LIGHT. FABULOUS GOURMET KITCHEN WITH 42" WOOD CABINETS WITH CROWN MOLDING, GRANITE COUNTERTOPS AND STAINLESS STEEL APPLIANCES. RELAXING MASTER SUITE IS ON THE FIRST LEVEL AND FEATURES A 12" VAULTED CEILING WITH A LUXURY MASTER BATH FEATURING DUAL SINKS, OVERSIZED WALK-IN SHOWER AND GRANITE COUNTERS. ALL SECONDARY BEDROOMS ARE ON THE SECOND LEVEL WITH AN ADDITIONAL 2 BATHROOMS AND A BONUS ROOM. ONE OF THE UPSTAIRS BEDROOMS HAS AN ENSUITE BATH, PERFECT FOR GUESTS OR TEENAGER. SUPER ENERGY EFFICIENT HOME WITH 29 SOLAR PANELS, WHICH ARE NOT VISIBLE FROM THE FRONT OF THE HOME. AT TIMES, THE PANELS PRODUCE MORE POWER THAN THE HOUSE IS CONSUMING. THE WATTAGE OVERAGE IS THEN CREDITED BACK TO YOUR ACCOUNT WITH TAMPA ELECTRIC. THIS HOME IS CONVENIENTLY LOCATED NEAR MIDDLE AND ELEMENTARY SCHOOLS, A PARK WITH PLAYGROUND AND HALF BASKETBALL COURT, POOL AND SPLASH PARK. EASY COMMUTES TO MACDILL, DOWNTOWN TAMPA, LOCAL BEACHES AND ORLANDO THEME PARKS!
SEE MORE
- 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)
- #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)
PRICE & RENT TRENDS
Neighborhood: Fishhawk
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Fishhawk
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,380 |
| EXPENSES | Loan Payment | -$1,407 |
| Property Tax | -$684 | |
| Property Insurance | -$174 | |
| HOA | -$34 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$48
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$405,000
PROJECTED PRICE
$2,380
PROJECTED RENT
0.59%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.33% |
| Appreciation Year (1-5) | 3.4% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.57% |
| 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
$113,075
LOAN DETAILS
$1,407
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $101,250 |
| Loan Amount | $303,750 |
5.42
YEARS SAVED
$23,131
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,380
LIST RENT -
$1.01
LIST RENT PER SQFT
-
$2,433
COMP ESTIMATED VALUE -
$1.03
COMP AVG. RENT PER SQFT
Comps Range
-
14244 Natures Reserve Dr Lithia, FL 1
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- Rent Per SQFT
- $2,380
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5912 Caldera Ridge Dr Lithia, FL 2
- 4 beds 4 baths ∙ 2,317 Sqft ∙ Built 2014 4 beds 4 baths ∙ 2,317 Sqft ∙ Built 2014
LEASED 07/19/20- Rent
- Rent Per SQFT
- $2,400
- $1.04
-
5948 Village Center Dr Lithia, FL 3
- 4 beds 3 baths ∙ 2,512 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,512 Sqft ∙ Built 2014
LEASED 10/11/20- Rent
- Rent Per SQFT
- $2,445
- $0.97
-
6007 Shell Ridge Dr Lithia, FL 4
- 4 beds 3 baths ∙ 2,558 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,558 Sqft ∙ Built 2015
LEASED 04/23/20- Rent
- Rent Per SQFT
- $2,630
- $1.03
-
5943 Jasper Glen Dr Lithia, FL 5
- 4 beds 3 baths ∙ 2,465 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,465 Sqft ∙ Built 2015
LEASED 08/10/20- Rent
- Rent Per SQFT
- $2,650
- $1.08
PROPERTY LISTING DETAILS
1.813.833.1173
Re/max Across The Bay
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3292088
Last Updated: 02/26/2021
