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PROPERTY INFO
FACTS
- Single Family
- Built In 2018
- Price/Sqft : $158.44
- 3 Days on Market
- MLS # : L4919392
- Updated Date : 11/21/2020 at 01:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,451 sqft
- Baths : 2 full
Listing Agent
Xcellence Realty, Inc
Listing Agent's Description
Come take a look at this beautiful, nearly new construction home, built in 2018 in Ayersworth Glen community! This home features a split floorplan, 3 bedrooms, 2 full baths and a 2 car garage. Upon entering, you'll be greeted by a spacious foyer with the spacious inside laundry room to your left with access to your garage, washer and dryer included! The kitchen area features solid wood cabinets, solid countertops, a spacious island with a sink, perfect for bar stools and entertaining as the space is completely open to your family room/ dining room which has a sliding glass door that leads to your fully private fenced in backyard! The kitchen has stainless steel appliances which stay with the home and also features TWO closet spaces which can be used as a pantry and/or additional storage space! Near the kitchen, you'll find a full bathroom with a deep jacuzzi bath tub and shower combination, solid wood cabinets and 2 bedrooms with spacious closets. The master bedroom is spacious and has an ensuite bathroom which has double sinks, solid wood cabinets, an extra large walk-in closet and a shower! The home also comes equipped with ring doorbell, smart house thermostat and solar panels! Make an appointment today! Virtual Video Tour click here: https://vimeo.com/480751334/395701c371 and for 3D Virtual Tour click here: https://nodalview.com/M1Ai9Xsy5u6Ncfa9FZJ8CFTp?viewer=mls
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 | $1,450 |
| EXPENSES | Loan Payment | -$848 |
| Property Tax | -$307 | |
| Property Insurance | -$121 | |
| HOA | -$8 | |
| Property Management Fees | -$80 | |
|
CASH FLOW
$86
|
||
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.
$229,900
PROJECTED PRICE
$1,450
PROJECTED RENT
0.63%
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
$66,674
LOAN DETAILS
$848
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $57,475 |
| Loan Amount | $172,425 |
8.25
YEARS SAVED
$28,739
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,450
LIST RENT -
$1
LIST RENT PER SQFT
-
$1,495
COMP ESTIMATED VALUE -
$1.03
COMP AVG. RENT PER SQFT
Comps Range
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- $1,500
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10880 Standing Stone Dr Wimauma, FL 4
- 4 beds 2 baths ∙ 1,530 Sqft ∙ Built 2009 4 beds 2 baths ∙ 1,530 Sqft ∙ Built 2009
LEASED 11/22/19- Rent
- Rent Per SQFT
- $1,515
- $0.99
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10853 Kirkwall Port Dr Wimauma, FL 5
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LEASED 03/01/20- Rent
- Rent Per SQFT
- $1,550
- $0.97
PROPERTY LISTING DETAILS
1.863.838.9091
Xcellence Realty, Inc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: L4919392
Last Updated: 11/21/2020
