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PROPERTY INFO
FACTS
- Built In 2005
- Price/Sqft : $153.42
- 2 Days on Market
- MLS # : T3273880
- Updated Date : 11/02/2020 at 12:16
CONSTRUCTION
- Beds : 4
- Floor Size : 2,020 sqft
- Baths : 3 full
Listing Agent
Signature Realty Associates
Listing Agent's Description
Sitting on a Large Corner Lot in Fishhawk Ranch Phase II. This home is that open One Story plan you’ve been looking for! Boasting 4 True bedrooms, 3 full baths, and a Screened in Lanai. This home offers a large kitchen with lots of cabinets, granite tops, built in desk and breakfast nook. The kitchen overlooks a spacious family room with sliders to the screened/covered patio. This plan also features high ceilings and a separate dining room. Your master bedroom is secluded at the rear of the home for privacy and the other three bedrooms in this split plan are all generously sized. Plenty of space in your Backyard for BBQ’s and Get Togethers! Fishhawk Ranch is Hillsborough’s#1 Resort Style Community with Top Rated Schools, world class amenities, including Park Square functions, four pools, water slide, fitness centers, tennis courts, ball fields, Sports Complex and miles and miles of hiking/biking trails. Advancing the ideal of New Urbanism in a unique small town setting. Military folks can take the Hartline Bus to MacDill AFB! Minutes to Tampa, Gulf Beaches and the Magic of Orlando Attractions. Call Today to Schedule Your Private Tour.
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 | $1,770 |
| EXPENSES | Loan Payment | -$1,143 |
| Property Tax | -$524 | |
| Property Insurance | -$154 | |
| HOA | -$4 | |
| Property Management Fees | -$80 | |
|
CASH FLOW
-$135
|
||
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.
$309,900
PROJECTED PRICE
$1,770
PROJECTED RENT
0.57%
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
$87,874
LOAN DETAILS
$1,143
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $77,475 |
| Loan Amount | $232,425 |
3.75
YEARS SAVED
$12,826
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,770
LIST RENT -
$0.88
LIST RENT PER SQFT
-
$1,944
COMP ESTIMATED VALUE -
$0.96
COMP AVG. RENT PER SQFT
Comps Range
-
16342 Bridgeglade Ln Lithia, FL 1
- 4 beds 3 baths ∙ 2,020 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,020 Sqft ∙ Built 2005
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- Rent Per SQFT
- $1,770
- $0.88
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6520 Bridgecrest Dr Lithia, FL 2
- 4 beds 2 baths ∙ 1,908 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,908 Sqft ∙ Built 2005
LEASED 01/21/20- Rent
- Rent Per SQFT
- $1,775
- $0.93
-
6433 Bridgecrest Dr Lithia, FL 3
- 4 beds 2 baths ∙ 1,971 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,971 Sqft ∙ Built 2005
LEASED 08/08/20- Rent
- Rent Per SQFT
- $1,995
- $1.01
-
6522 Bridgecrest Dr Lithia, FL 4
- 4 beds 3 baths ∙ 2,178 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,178 Sqft ∙ Built 2005
LEASED 04/15/20- Rent
- Rent Per SQFT
- $2,050
- $0.94
-
6366 Bridgecrest Dr Lithia, FL 5
- 4 beds 3 baths ∙ 2,119 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,119 Sqft ∙ Built 2005
LEASED 04/17/20- Rent
- Rent Per SQFT
- $2,050
- $0.97
PROPERTY LISTING DETAILS
1.813.541.2390
Signature Realty Associates
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3273880
Last Updated: 11/02/2020
