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PROPERTY INFO
FACTS
- Single Family
- Built In 2005
- Price/Sqft : $125.18
- 6 Days on Market
- MLS # : W7829004
- Updated Date : 12/08/2020 at 15:56
CONSTRUCTION
- Beds : 3
- Floor Size : 2,117 sqft
- Baths : 2 full
Listing Agent
Re/max Marketing Specialists
Listing Agent's Description
Welcome home to the beautiful Suncoast lakes community where you will find Low HOA fee, No CDD fees, and easy access to the Suncoast Parkway to make commuting a breeze. Suncoast Bike trail nearby. High ceilings, open floor plan with a beautiful view of the conservation area. (no flood insurance required). Brand new stainless steel appliances in kitchen, painted interior, new flooring in bedrooms, bath, and hallway makes this home move in ready. No carpeting. Spilt bedroom plan with a huge master suite with double tray ceiling. This master Bath has a huge walk in closet, walk in huge shower and dual sink vanity. Tranquil views of conservation area in your backyard where nature abounds! This community features a brand new playground (2019), tennis courts, basketball courts, club house, Green area for football or soccer, and a huge pristine community pool. Come claim this home as yours before it's too late.
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: Suncoast Lakes
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Suncoast Lakes
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,540 |
| EXPENSES | Loan Payment | -$978 |
| Property Tax | -$301 | |
| Property Insurance | -$159 | |
| HOA | -$55 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$82
|
||
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.
$265,000
PROJECTED PRICE
$1,540
PROJECTED RENT
0.58%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.27% |
| Appreciation Year (1-5) | 8.2% |
| 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
$75,975
LOAN DETAILS
$978
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $66,250 |
| Loan Amount | $198,750 |
5
YEARS SAVED
$15,496
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,540
LIST RENT -
$0.73
LIST RENT PER SQFT
-
$1,651
COMP ESTIMATED VALUE -
$0.78
COMP AVG. RENT PER SQFT
Comps Range
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15945 Pond Rush Ct Land O Lakes, FL 2
- 3 beds 2 baths ∙ 2,117 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,117 Sqft ∙ Built 2005
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- Rent Per SQFT
- $1,540
- $0.73
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15838 Cedar Elm Ter Land O Lakes, FL 1
- 3 beds 2 baths ∙ 1,853 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,853 Sqft ∙ Built 2005
LEASED 02/24/20- Rent
- Rent Per SQFT
- $1,495
- $0.81
-
10714 Weeping Elm Bnd Land O Lakes, FL 3
- 3 beds 2 baths ∙ 2,121 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,121 Sqft ∙ Built 2004
LEASED 11/22/19- Rent
- Rent Per SQFT
- $1,595
- $0.75
-
15841 Pond Rush Ct Land O Lakes, FL 4
- 4 beds 3 baths ∙ 2,415 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,415 Sqft ∙ Built 2006
LEASED 11/01/19- Rent
- Rent Per SQFT
- $1,800
- $0.75
-
10645 Weeping Elm Bnd Land O Lakes, FL 5
- 4 beds 3 baths ∙ 2,317 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,317 Sqft ∙ Built 2004
LEASED 06/01/20- Rent
- Rent Per SQFT
- $1,875
- $0.81
PROPERTY LISTING DETAILS
1.352.279.7763
Re/max Marketing Specialists
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: W7829004
Last Updated: 12/08/2020
