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PROPERTY INFO
FACTS
- Single Family
- Built In 2016
- Price/Sqft : $153.45
- 3 Days on Market
- MLS # : T3285209
- Updated Date : 01/16/2021 at 01:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,596 sqft
- Baths : 2 full
Listing Agent
Century 21 Beggins Enterprises
Listing Agent's Description
Three bedroom two bathroom house in the beautiful community of Mirabella right next to Riverview. Light and bright open floor plan with large entryway and foyer into house. Tiled floors in the kitchen and all the wet areas. The kitchen features espresso cabinets with granite countertops. The large island serves also as a breakfast bar and overlooks the family area. Sliding glass doors lead out to the screened lanai overlooking the large fenced yard. The master bedroom has a huge walk-in closet and the master bathroom features dual sinks and a large walk-in glass shower. The other two bedrooms are split from the master and share their own full bath with shower and bath combo. This home is conveniently located close to a brand new Publix. Shops and restaurants in Riverview are close by along with convenient access to Hwy 301, US 41, and I-75. Great location for commutes to Tampa, Macdill AFB, Brandon, and Sarasota.
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
Zip Code: 33598
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 33598
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,650 |
| EXPENSES | Loan Payment | -$851 |
| Property Tax | -$542 | |
| Property Insurance | -$129 | |
| HOA | -$10 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$10
|
||
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.
$244,900
PROJECTED PRICE
$1,650
PROJECTED RENT
0.67%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.13% |
| Appreciation Year (1-5) | 2.0% |
| 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
$70,649
LOAN DETAILS
$851
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $61,225 |
| Loan Amount | $183,675 |
5.5
YEARS SAVED
$14,286
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,650
LIST RENT -
$1.03
LIST RENT PER SQFT
-
$1,668
COMP ESTIMATED VALUE -
$1.05
COMP AVG. RENT PER SQFT
Comps Range
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- $1,595
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LEASED 11/30/20- Rent
- Rent Per SQFT
- $1,599
- $1.12
PROPERTY LISTING DETAILS
1.813.446.5445
Century 21 Beggins Enterprises
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3285209
Last Updated: 01/16/2021
