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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $148.53
- 7 Days on Market
- MLS # : T3284375
- Updated Date : 01/13/2021 at 09:08
CONSTRUCTION
- Beds : 5
- Floor Size : 2,693 sqft
- Baths : 3 full
Listing Agent
Jeffrey Gould Real Estate Llc
Listing Agent's Description
Highly sought-after FISHHAWK RANCH - BRAND NEW ROOF / CORNER LOT / 5 BED / 3 BA / 3 CAR GARAGE / HOME OFFICE / HUGE COVERED LANAI! Come see this wonderful home located in the Heart of Fishhawk Ranch Phase II. This great home is located near the Aquatic Club, Park Square, and FishHawk Creek Elementary School. A sprawling floorplan boasting just under 2700 square feet with 5 Bedrooms, Home Office, 3 Full Baths, 3 Car Garage, Huge Covered Lanai, Large Rooms, a Corner Lot, and so Much More. Great curb appeal and nicely manicured landscaping greet your arrival. Enter through double doors into a foyer where your eyes get drawn to the open space, high ceilings, and gorgeous engineered wood floors. A spacious home office is located to your left as you enter. Continue through and explore this wonderfully designed floorplan featuring 4 bedrooms on the first floor and a 5th bedroom on the second floor. New home features a Brand New Roof, New Exterior Paint, New Interior Paint, New Carpeting, and New Hot Water Heater. FishHawk Ranch is Hillsborough’s #1 selling Community that is highly sought-after for its A-rated schools, beautiful tree-lined roads, and amazing amenities. This Resort Style / Master Planned community offers multiple pools, movie theater, fitness centers, dog parks, over 25 miles of nature trails for walking & biking, tennis club, basketball, softball, roller hockey, skate park, FishHawk Sports Complex, playgrounds, plus the sought after TOP -Rated schools! Minutes from Orlando attractions, MacDill AFB, and World Class Beaches! Call today and schedule a private tour Today!
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: 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 | $2,410 |
| EXPENSES | Loan Payment | -$1,389 |
| Property Tax | -$676 | |
| Property Insurance | -$193 | |
| HOA | -$5 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$18
|
||
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.
$400,000
PROJECTED PRICE
$2,410
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
$111,750
LOAN DETAILS
$1,389
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $100,000 |
| Loan Amount | $300,000 |
6.33
YEARS SAVED
$28,918
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,410
LIST RENT -
$0.89
LIST RENT PER SQFT
-
$2,356
COMP ESTIMATED VALUE -
$0.88
COMP AVG. RENT PER SQFT
Comps Range
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16102 Bridgedale Dr Lithia, FL 4
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6224 Bridgevista Dr Lithia, FL 1
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- $2,200
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16213 Bridgewalk Dr Lithia, FL 2
- 4 beds 4 baths ∙ 2,547 Sqft ∙ Built 2006 4 beds 4 baths ∙ 2,547 Sqft ∙ Built 2006
LEASED 05/29/20- Rent
- Rent Per SQFT
- $2,200
- $0.86
-
6025 Churchside Dr Lithia, FL 3
- 4 beds 3 baths ∙ 2,749 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,749 Sqft ∙ Built 2006
LEASED 08/04/20- Rent
- Rent Per SQFT
- $2,400
- $0.87
-
6056 Fishhawk Crossing Blvd Lithia, FL 5
- 4 beds 4 baths ∙ 2,544 Sqft ∙ Built 2013 4 beds 4 baths ∙ 2,544 Sqft ∙ Built 2013
LEASED 11/18/20- Rent
- Rent Per SQFT
- $2,425
- $0.95
PROPERTY LISTING DETAILS
1.813.421.3007
Jeffrey Gould Real Estate Llc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3284375
Last Updated: 01/13/2021
