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PROPERTY INFO
FACTS
- Single Family
- Built In 1981
- Price/Sqft : $176.78
- 2 Days on Market
- MLS # : T3282816
- Updated Date : 01/02/2021 at 15:26
CONSTRUCTION
- Beds : 3
- Floor Size : 1,499 sqft
- Baths : 2 full
Listing Agent
Re/max Alliance Group
Listing Agent's Description
Welcome Home! Located in the heart of Northdale, this beautiful block home has so much to offer! It consists of 3 bed/2 bath, 1 car garage with an additional Florida room. Large backyard and side yard with a storage shed surrounded by conservation. Roof/2020, water heater/2017, and newly painted throughout. This home has hardwood floors and tile in the kitchen and bathrooms. Located minutes away from Dale Mabry Hwy and the Veterans expressway. This home is located in an excellent school district and is a block from YMCA, and Northdale Golf and Tennis Club. Schedule your showing 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: Northdale Golf Club
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Northdale Golf Club
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,630 |
| EXPENSES | Loan Payment | -$978 |
| Property Tax | -$326 | |
| Property Insurance | -$123 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$75
|
||
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
$1,630
PROJECTED RENT
0.62%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.27% |
| Appreciation Year (1-5) | 6.2% |
| 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 |
8.17
YEARS SAVED
$32,578
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,630
LIST RENT -
$1.09
LIST RENT PER SQFT
-
$1,634
COMP ESTIMATED VALUE -
$1.09
COMP AVG. RENT PER SQFT
Comps Range
-
16131 Manorwood Cir Tampa, FL 3
- 3 beds 2 baths ∙ 1,499 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,499 Sqft ∙ Built 1981
![property image]()
- Rent
- Rent Per SQFT
- $1,630
- $1.09
-
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 2
- 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
-
16028 Eagle River Way Tampa, FL 4
- 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1984
![property image]()
LEASED 06/19/20- Rent
- Rent Per SQFT
- $1,695
- $1.13
-
15913 Marshfield Dr Tampa, FL 5
- 3 beds 2 baths ∙ 1,608 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,608 Sqft ∙ Built 1985
![property image]()
LEASED 03/03/20- Rent
- Rent Per SQFT
- $1,795
- $1.12
PROPERTY LISTING DETAILS
1.813.259.0000
Re/max Alliance Group
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3282816
Last Updated: 01/02/2021
