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PROPERTY INFO
FACTS
- Single Family
- Built In 1978
- Price/Sqft : $115.89
- 3 Days on Market
- MLS # : T3278122
- Updated Date : 11/28/2020 at 21:56
CONSTRUCTION
- Beds : 4
- Floor Size : 2,071 sqft
- Baths : 2 full
Listing Agent
Quicksilver Real Estate Group
Listing Agent's Description
Check out this 2 story home with 4 bedrooms, 2 baths, and 2 car garage located on a well-manicured lot with a sprinkler system! This home is located in the desirable Lake Forest community with no CDD and low HOA dues. It features a fireplace in the loft located on the second floor. The master bedroom is located on the first floor along with 1 other bedroom. The other 2 bedrooms are located on the second floor. When you enter the living room you will notice there are 2 sets of updated sliding glass doors that lead to a nice sized screened porch. When you enter the master bedroom, you'll notice the walk-in closet as well as the sliding glass door that leads to the screened in porch. The home features a generator that will automatically kick on and provide power to the entire home if the electric goes out. Great for hurricane season!! New AC installed in 2016. Additional remote controlled ductless AC units in master bedroom and dining room. New impact resistant windows and sliding glass doors installed in 2018. This home is conveniently located near USF, VA Hospital, restaurants, shopping and the major highways. All the appliances and window treatments are included. Don't wait, this one won't last.
SEE MORE
- #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.
- 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)
PRICE & RENT TRENDS
Neighborhood: Lake Forest
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Lake Forest
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
INCOME | Rent | $1,630 |
EXPENSES | Loan Payment | -$886 |
Property Tax | -$303 | |
Property Insurance | -$157 | |
HOA | -$64 | |
Property Management Fees | -$80 | |
CASH FLOW
$141
|
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.
$240,000
PROJECTED PRICE
$1,630
PROJECTED RENT
0.68%
PROJECTED RENT / PRICE RATIO
Expense Inflation | 2.50% |
Rental Growth Year (1-5) | 4.13% |
Appreciation Year (1-5) | 7.2% |
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
$69,350
LOAN DETAILS
$886
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 4.25% |
Down Payment | $60,000 |
Loan Amount | $180,000 |
9.25
YEARS SAVED
$35,313
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,630
LIST RENT -
$0.79
LIST RENT PER SQFT
-
$1,724
COMP ESTIMATED VALUE -
$0.83
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
1.813.454.1233
Quicksilver Real Estate Group
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3278122
Last Updated: 11/28/2020