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PROPERTY INFO
FACTS
- Single Family
- Built In 2014
- Price/Sqft : $162.12
- 3 Days on Market
- MLS # : A4487603
- Updated Date : 01/09/2021 at 18:12
CONSTRUCTION
- Beds : 3
- Floor Size : 2,220 sqft
- Baths : 2 full , 1 half
Listing Agent
Boyd Realty
Listing Agent's Description
Welcome home to this charming residence in the highly sought-after community of River's Reach! This open concept floor plan offers 3 spacious bedrooms, 2 1/2 baths, and a large office/den/flex space that can be utilized as a 4th bedroom if desired. The large and private master suite is located towards the back of the home with a water view while the guest bedrooms and bathrooms are located in the front. The master suite includes two walk-in closets and a large en suite with a walk in shower and double vanity. The heart of the home is perfect for both everyday living and for entertaining guests with its open layout that includes a combination living room, dining room, and super stylish kitchen. Sliding doors off of the living room will take you to your covered back porch and beautiful backyard. Plenty of room for a pool if desired! River's Reach is a gated community located off of Rye Road in Parrish. Community features include a resort style pool and spa, fitness center, kayak and canoe launch, volleyball, park, playground, and walking trails. Love where you live! Schedule your private showing today!
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Waters Edge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Waters Edge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,180 |
| EXPENSES | Loan Payment | -$1,250 |
| Property Tax | -$465 | |
| Property Insurance | -$172 | |
| HOA | -$11 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$153
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.
$359,900
PROJECTED PRICE
$2,180
PROJECTED RENT
0.61%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.34% |
| Appreciation Year (1-5) | 6.4% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 3.70% |
| 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
$101,124
LOAN DETAILS
$1,250
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $89,975 |
| Loan Amount | $269,925 |
8
YEARS SAVED
$37,531
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,180
LIST RENT -
$0.98
LIST RENT PER SQFT
-
$2,226
COMP ESTIMATED VALUE -
$1
COMP AVG. RENT PER SQFT
Comps Range
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1514 Westover Ave Parrish, FL 2
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LEASED 03/22/20- Rent
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- $2,395
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15102 Trinity Fall Way Bradenton, FL 4
- 4 beds 3 baths ∙ 2,558 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,558 Sqft ∙ Built 2017
LEASED 03/08/20- Rent
- Rent Per SQFT
- $2,425
- $0.95
-
15602 High Bell Pl Bradenton, FL 5
- 4 beds 3 baths ∙ 2,528 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,528 Sqft ∙ Built 2017
LEASED 10/08/20- Rent
- Rent Per SQFT
- $2,645
- $1.05
PROPERTY LISTING DETAILS
1.941.238.8377
Boyd Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: A4487603
Last Updated: 01/09/2021
