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PROPERTY INFO
FACTS
- Single Family
- Built In 1982
- Price/Sqft : $204.10
- 6 Days on Market
- MLS # : T3278617
- Updated Date : 12/02/2020 at 01:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,465 sqft
- Baths : 2 full
Listing Agent
People's Choice Realty Svc Llc
Listing Agent's Description
Welcome to a Beautiful and one-story single-family. 1465 SQ FT, 2249 totals gross SQ. 3 bedrooms and 2 full bathrooms and features tile flooring throughout the home, You will love the addition to a spacious fence backyard with a screened patio great for cooking out. The home located in the desirable community of country place. the garage has been converted to an extra bedroom and, The roof is less than a year old. New interior paint shows and sells today !!!
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: Country Place
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Country Place
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,550 |
| EXPENSES | Loan Payment | -$1,103 |
| Property Tax | -$368 | |
| Property Insurance | -$121 | |
| HOA | -$10 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$181
|
||
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.
$299,000
PROJECTED PRICE
$1,550
PROJECTED RENT
0.52%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.27% |
| Appreciation Year (1-5) | 8.4% |
| 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
$84,985
LOAN DETAILS
$1,103
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $74,750 |
| Loan Amount | $224,250 |
3.5
YEARS SAVED
$10,647
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,550
LIST RENT -
$1.06
LIST RENT PER SQFT
-
$1,575
COMP ESTIMATED VALUE -
$1.08
COMP AVG. RENT PER SQFT
Comps Range
-
15708 Scrimshaw Dr Tampa, FL 2
- 3 beds 2 baths ∙ 1,465 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,465 Sqft ∙ Built 1982
![property image]()
- Rent
- Rent Per SQFT
- $1,550
- $1.06
-
15712 Pony Pl Tampa, FL 1
- 3 beds 2 baths ∙ 1,370 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,370 Sqft ∙ Built 1980
![property image]()
LEASED 11/21/20- Rent
- Rent Per SQFT
- $1,495
- $1.09
-
15846 Country Lake Dr Tampa, FL 3
- 4 beds 2 baths ∙ 1,565 Sqft ∙ Built 1983 4 beds 2 baths ∙ 1,565 Sqft ∙ Built 1983
![property image]()
LEASED 05/05/20- Rent
- Rent Per SQFT
- $1,600
- $1.02
-
16007 Pennington Rd Tampa, FL 4
- 3 beds 2 baths ∙ 1,545 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,545 Sqft ∙ Built 1982
![property image]()
LEASED 01/26/20- Rent
- Rent Per SQFT
- $1,650
- $1.07
-
15006 Naples Pl Tampa, FL 5
- 3 beds 2 baths ∙ 1,560 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,560 Sqft ∙ Built 1984
![property image]()
LEASED 07/15/20- Rent
- Rent Per SQFT
- $1,750
- $1.12
PROPERTY LISTING DETAILS
1.813.841.9930
People's Choice Realty Svc Llc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3278617
Last Updated: 12/02/2020
