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PROPERTY INFO
FACTS
- Single Family
- Built In 1987
- Price/Sqft : $206.36
- 3 Days on Market
- MLS # : U8113561
- Updated Date : 02/19/2021 at 18:46
CONSTRUCTION
- Beds : 4
- Floor Size : 2,374 sqft
- Baths : 3 full
Listing Agent
Re/max Realtec Group Inc
Listing Agent's Description
One or more photo(s) has been virtually staged. Welcome Home! Pride of Ownership in this Pristine Home Located on a cul-de-sac in Highly Coveted Allen’s Ridge. 4 Bedrooms + Florida Room, 3 Bath, 2 Car Garage Home! Updated Open Concept Kitchen with Granite Countertops, Glass Top Range, Stainless Steel Appliances, French Style Refrigerator, Lazy Susan, Soft Close Cabinets, Decorative Backsplash, Breakfast Bar, & Breakfast Nook. Like to Entertain...Formal Living & Dining Room with Slider to Florida Room. The Heart of the Home is the Family Room with Wood-like Flooring, Pocket Sliders to Fenced Backyard with plenty of Room for a Custom swimming Pool. The Master Suite features Wood-like Floors, Updated Master Bath with Dual Sinks, Separate Vanity, Granite Countertops, Step-in Shower, Soaking Tub/ Shower and Large Walk-in Closet. 3 additional Generous Sized Bedrooms, one with a wall of Closets. Two Updated Baths, both with Newer Quartz Vanities & Fixtures. Split Floor plan allow Comfort and Privacy for all. LED Lighting and Lighted Planter Shelving throughout. Inside Laundry Room with Storage. Enjoy the Peaceful Fenced Back yard with Covered BBQ Grill and Outdoor Kitchen. Close to County Parks, Trails, Beaches, Restaurants, Shopping, and Top Rated Schools.
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: Allen's Ridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Allen's Ridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,600 |
| EXPENSES | Loan Payment | -$1,702 |
| Property Tax | -$617 | |
| Property Insurance | -$174 | |
| HOA | -$23 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$45
|
||
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.
$489,900
PROJECTED PRICE
$2,600
PROJECTED RENT
0.53%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.27% |
| Appreciation Year (1-5) | 3.3% |
| 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
$135,574
LOAN DETAILS
$1,702
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $122,475 |
| Loan Amount | $367,425 |
5.67
YEARS SAVED
$31,570
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,600
LIST RENT -
$1.1
LIST RENT PER SQFT
-
$2,540
COMP ESTIMATED VALUE -
$1.07
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 01/30/21- Rent
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- $2,200
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LEASED 11/14/19- Rent
- Rent Per SQFT
- $2,549
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LEASED 06/02/20- Rent
- Rent Per SQFT
- $2,800
- $1.13
PROPERTY LISTING DETAILS
1.727.485.9981
Re/max Realtec Group Inc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: U8113561
Last Updated: 02/19/2021
