Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1991
- Price/Sqft : $170.96
- 2 Days on Market
- MLS # : T3276220
- Updated Date : 11/14/2020 at 07:47
CONSTRUCTION
- Beds : 4
- Floor Size : 2,924 sqft
- Baths : 3 full
Listing Agent
Florida Executive Realty
Listing Agent's Description
Looking for that beautiful custom home? This is it! This Hannah Bartoletta home guarantees quality, distinction, and amazing architectural features. This stunning home is located in Tampa Palms, with a LARGE lot - Almost a 1/2 acre with mature landscaping and privacy. It boasts 4 bedrooms 3 baths with a 2 car garage. As you enter this home through the double doors, You are welcomed into the great room with massive 20ft ceilings, stunning staircase and a brick fireplace. The kitchen has a warm contemporary feeling with granite counters, stainless steel appliances, 2 pantries, breakfast nook, dry bar with built in wine rack, imagine having your morning coffee over looking your pool. Your suite has a large bathroom, 2 walk in closets and a office/den/work out room on the first floor. Just off the first floor suite is the 2nd bedroom that can be a bedroom or a second home office. A full bathroom just right across that also doubles as the pool bath. Two bedrooms and bath located on the second floor with a massive WALK IN ATTIC for storage. Relax nightly as you take a dip in your salt water pool without having back yard neighbors. This home is conveniently located close to major highways and easy access to downtown Tampa.
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: Tampa Palms
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Tampa Palms
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,560 |
| EXPENSES | Loan Payment | -$1,844 |
| Property Tax | -$635 | |
| Property Insurance | -$205 | |
| HOA | -$25 | |
| Property Management Fees | -$80 | |
|
CASH FLOW
-$229
|
||
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.
$499,900
PROJECTED PRICE
$2,560
PROJECTED RENT
0.51%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.27% |
| Appreciation Year (1-5) | 3.2% |
| 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
$138,224
LOAN DETAILS
$1,844
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $124,975 |
| Loan Amount | $374,925 |
3.92
YEARS SAVED
$21,336
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,560
LIST RENT -
$0.88
LIST RENT PER SQFT
-
$2,697
COMP ESTIMATED VALUE -
$0.92
COMP AVG. RENT PER SQFT
Comps Range
-
15905 Benton Ct Tampa, FL 3
- 4 beds 3 baths ∙ 2,924 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,924 Sqft ∙ Built 1991
- Rent
- Rent Per SQFT
- $2,560
- $0.88
-
16059 Bella Woods Dr Tampa, FL 1
- 4 beds 3 baths ∙ 2,577 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,577 Sqft ∙ Built 2010
LEASED 06/18/19- Rent
- Rent Per SQFT
- $2,150
- $0.83
-
7834 Tuscany Woods Dr Tampa, FL 2
- 4 beds 3 baths ∙ 2,941 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,941 Sqft ∙ Built 2011
LEASED 02/26/20- Rent
- Rent Per SQFT
- $2,500
- $0.85
-
6615 Thornton Palms Dr Tampa, FL 4
- 4 beds 3 baths ∙ 2,870 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,870 Sqft ∙ Built 2006
LEASED 05/15/20- Rent
- Rent Per SQFT
- $2,950
- $1.03
-
6531 Stonington Dr S Tampa, FL 5
- 4 beds 4 baths ∙ 3,065 Sqft ∙ Built 1992 4 beds 4 baths ∙ 3,065 Sqft ∙ Built 1992
LEASED 12/23/19- Rent
- Rent Per SQFT
- $3,000
- $0.98
PROPERTY LISTING DETAILS
1.813.393.7442
Florida Executive Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3276220
Last Updated: 11/14/2020
