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PROPERTY INFO
FACTS
- Single Family
- Built In 1989
- Price/Sqft : $162.78
- 2 Days on Market
- MLS # : T3281463
- Updated Date : 12/20/2020 at 01:00
CONSTRUCTION
- Beds : 5
- Floor Size : 2,918 sqft
- Baths : 3 full
Listing Agent
Nationwide Realty Group Inc
Listing Agent's Description
This stunning two-story home is located within the highly desirable and demanded Carrollwood Village neighborhood. The home features 5 bedrooms and 3 full bathrooms. The home also features a large fenced backyard with a stunning sized pool. You’ll find yourself entering the home through a covered entryway, leading you into the tiled foyer with the formal living and dining room to your right. As you move on, you’ll see yourself into a large family room with vaulted ceilings and a tremendous amount of sunlight. The kitchen is spacious with a large amounts of cabinets. The spacious dinette opens to the kitchen and family room and features double doors to the covered patio. The master bedroom is located on the first floor with access to the patio through double doors. The 2nd bedroom is located on the first floor as well which can be used as an office or flex space if needed. The 2nd story features 3 bedrooms with a full bathroom. The home was recently painted from the interior, upgraded 5.5” baseboards, new LVT flooring, epoxy garage flooring and new porch screen. The nearby community park features playgrounds, a dog park, splash pad, pavilions, trails, exercise stations, fishing, and many more. Shopping centers, dining restaurants, and entertainment are all within minutes.
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: Carrollwood Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Carrollwood Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,770 |
| EXPENSES | Loan Payment | -$1,753 |
| Property Tax | -$584 | |
| Property Insurance | -$205 | |
| HOA | -$52 | |
| 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 13% of earned rent to cover both maintenance and periods of vacancy.
$475,000
PROJECTED PRICE
$2,770
PROJECTED RENT
0.58%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.27% |
| Appreciation Year (1-5) | 5.3% |
| 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
$131,625
LOAN DETAILS
$1,753
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $118,750 |
| Loan Amount | $356,250 |
7.17
YEARS SAVED
$47,729
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,770
LIST RENT -
$0.95
LIST RENT PER SQFT
-
$3,195
COMP ESTIMATED VALUE -
$1.1
COMP AVG. RENT PER SQFT
Comps Range
-
14511 Nettle Creek Rd Tampa, FL 1
- 5 beds 3 baths ∙ 2,918 Sqft ∙ Built 1989 5 beds 3 baths ∙ 2,918 Sqft ∙ Built 1989
![property image]()
- Rent
- Rent Per SQFT
- $2,770
- $0.95
-
4510 Carrollwood Village Dr Tampa, FL 2
- 4 beds 3 baths ∙ 3,056 Sqft ∙ Built 1973 4 beds 3 baths ∙ 3,056 Sqft ∙ Built 1973
![property image]()
LEASED 05/08/20- Rent
- Rent Per SQFT
- $3,300
- $1.08
-
13902 Captains Reef Ct Tampa, FL 3
- 5 beds 4 baths ∙ 3,056 Sqft ∙ Built 1986 5 beds 4 baths ∙ 3,056 Sqft ∙ Built 1986
![property image]()
LEASED 07/26/20- Rent
- Rent Per SQFT
- $3,400
- $1.11
PROPERTY LISTING DETAILS
1.813.385.6021
Nationwide Realty Group Inc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3281463
Last Updated: 12/20/2020
