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INVESTimate
$348,000
List Price
$97,970
REQUEST INFO
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PROPERTY INFO
FACTS
- Built In 2014
- Price/Sqft : $123.93
- 3 Days on Market
- MLS # : T3261176
- Updated Date : 08/25/2020 at 01:00
CONSTRUCTION
- Beds : 5
- Floor Size : 2,808 sqft
- Baths : 3 full , 1 half
Listing Agent
Bhhs Florida Properties Group
Listing Agent's Description
LOVE THE WATER, LOVE TO SKI.....YOUR NEW HOME IS HERE! Located in the Resort Style, Guard Gated Community of Cory Lake Isles with a 165 Acre Ski Lake, this Beautiful 2 Story Home Boasts 2,808 SF, 5 Bedrooms, 3.5 Baths, and 3 Car Tandem Garage. A Large Foyer and Spacious, Open Flow Floor Plan with Gleaming Ceramic Tile Floors, Crown Molding, Large Windows and a Neutral Color Scheme flow throughout the 1st floor. Large Archways open to the Formal Living and Dining Rooms and into the Kitchen Featuring 42” Wood Cabinets some with Glass Doors, Granite Counters with Tile Backsplash, Stainless Appliances, Walk-In Pantry, Center Island with Breakfast Bar and a Dinette area. The adjacent Family Room has the perfect wall for an Entertainment Center or Large Screen TV, Sliders to the Covered Lanai and Stairway to the 2nd floor. There is also a half bath on the 1st floor. All Bedrooms are on the 2nd floor, the Master Suite has 2 Walk-In Closets, Tray Ceiling, Garden Tub, Walk-In Shower, both with Listello Trim and Wood Vanity with Double Sinks. The Second Bedroom has an ensuite Bath and the other Bedrooms share a Bath. The Laundry Room is on the Second Floor and has convenient shelving and will accommodate a Full-Size Washer/Dryer. Cory Lake Isles has Awesome Amenities including a Community Center, Resort Style Pool, Fitness Center, Tennis and Basketball Courts, Playground, and more! Don’t miss this opportunity to live in the home you’ve been searching for. This Wonderful Community is close to all Major Highways, Shopping Centers and Restaurants. Call for a private viewing today.
SEE MORE
- 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.
- Tampa's economy is worth over $156 billion in Gross Metro Product and projected to grow to $165 billion in 2019 (USMayors.org, 2018)
PRICE & RENT TRENDS
Neighborhood: Cory Lake Isles
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Cory Lake Isles
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
INCOME | Rent | $2,220 |
EXPENSES | Loan Payment | -$1,284 |
Property Tax | -$577 | |
Property Insurance | -$199 | |
HOA | -$18 | |
Property Management Fees | -$80 | |
CASH FLOW
$63
|
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$348,000
PROJECTED PRICE
$2,220
PROJECTED RENT
0.64%
PROJECTED RENT / PRICE RATIO
Expense Inflation | 2.50% |
Rental Growth Year (1-5) | 4.33% |
Appreciation Year (1-5) | 4.26% |
Maintenance Year (1-5) | 8.00% |
Vacancy | 5.57% |
Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$97,970
LOAN DETAILS
$1,284
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 4.25% |
Down Payment | $87,000 |
Loan Amount | $261,000 |
7.17
YEARS SAVED
$35,426
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,220
LIST RENT -
$0.79
LIST RENT PER SQFT
-
$2,183
COMP ESTIMATED VALUE -
$0.78
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
1.813.482.1452
Bhhs Florida Properties Group
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3261176
Last Updated: 08/25/2020