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PROPERTY INFO
FACTS
- Single Family
- Built In 2012
- Price/Sqft : $155.69
- 4 Days on Market
- MLS # : T3281064
- Updated Date : 12/19/2020 at 02:26
CONSTRUCTION
- Beds : 4
- Floor Size : 2,408 sqft
- Baths : 2 full
Listing Agent
Florida Realty
Listing Agent's Description
Ready to move in 4/2/3 well maintained home with family friendly neighbors in an upscale community in Tampa Bay's most popular Fish Hawk area with an excellent public school system. The house is freshly painted interior, Granite kitchen counter top, high ceiling, ceramic tiles and wood laminate flooring throughout with no carpet. The range, hot water heater, whole house heating system, cloth dryer, all run on natural gas so, low energy cost. With a 3 car garage provide an ample space for your 2 cars and more than enough space for extra storage. The house has also has water softener, app based lawn watering sprinkler system installed. The seller includes the washer, dryer, water softener. Fish hawk community provides many amenities with multiple parks, pools, miles of walking trails and many other recreational facilities and conveniences especially the excellent public school system.
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
Neighborhood: Fishhawk
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Fishhawk
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,240 |
| EXPENSES | Loan Payment | -$1,383 |
| Property Tax | -$633 | |
| Property Insurance | -$176 | |
| HOA | -$5 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$87
|
||
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.
$374,900
PROJECTED PRICE
$2,240
PROJECTED RENT
0.60%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.33% |
| Appreciation Year (1-5) | 3.4% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.57% |
| 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
$105,099
LOAN DETAILS
$1,383
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $93,725 |
| Loan Amount | $281,175 |
5.08
YEARS SAVED
$22,995
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,240
LIST RENT -
$0.93
LIST RENT PER SQFT
-
$2,258
COMP ESTIMATED VALUE -
$0.94
COMP AVG. RENT PER SQFT
Comps Range
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- Rent Per SQFT
- $2,500
- $0.97
PROPERTY LISTING DETAILS
1.863.409.8875
Florida Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3281064
Last Updated: 12/19/2020
