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PROPERTY INFO
FACTS
- Single Family
- Built In 1970
- Price/Sqft : $184.74
- 6 Days on Market
- MLS # : U8108024
- Updated Date : 12/22/2020 at 03:21
CONSTRUCTION
- Beds : 4
- Floor Size : 1,894 sqft
- Baths : 2 full
Listing Agent
Re/max Acr Elite Group Inc
Listing Agent's Description
A must see home in a Great Neighborhood. This TRUE 4 bedroom home has many amenities including a Very LARGE Inground Pool and covered Lanai. The Screen enclosure on Pool was installed in 2015. Newer Complete Roof (2017), Central Heat and Air (2012), and a Brand New Pool Pump. Kitchen has all Wood Cabinets and a breakfast bar, as well as, a walk in Corner pantry. Tile Floors in main living area. Additional Heat and Cooled Florida Room can be used as a Play Room or a Rec Room. (Ideal for a Pool Table) Master Bedroom has Master Bath with access to Pool area. Jacuzzi tub in Guest Bathroom. There is plenty of storage and closets galore. There is even a storage closet in the Garage. Custom Built Playhouse outside that could be used as Storage if preferred. Pool has a special Salt Chlorinator for soft water and sensitive skin. This home won't last long and is priced to sell. Don't miss out.
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
Zip Code: 33756
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 33756
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,900 |
| EXPENSES | Loan Payment | -$1,291 |
| Property Tax | -$452 | |
| Property Insurance | -$146 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$118
|
||
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.
$349,900
PROJECTED PRICE
$1,900
PROJECTED RENT
0.54%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.13% |
| Appreciation Year (1-5) | 5.2% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.27% |
| 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
$98,474
LOAN DETAILS
$1,291
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $87,475 |
| Loan Amount | $262,425 |
4.58
YEARS SAVED
$18,747
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,900
LIST RENT -
$1
LIST RENT PER SQFT
-
$1,880
COMP ESTIMATED VALUE -
$0.99
COMP AVG. RENT PER SQFT
Comps Range
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- $1,800
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LEASED 01/24/20- Rent
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- $1,900
- $0.96
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1721 Dunbar Ln Clearwater, FL 4
- 3 beds 2 baths ∙ 1,852 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,852 Sqft ∙ Built 1959
LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,910
- $1.03
-
1309 Woodcrest Ave Clearwater, FL 5
- 3 beds 2 baths ∙ 1,972 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,972 Sqft ∙ Built 1958
LEASED 02/01/20- Rent
- Rent Per SQFT
- $1,950
- $0.99
PROPERTY LISTING DETAILS
1.727.415.6119
Re/max Acr Elite Group Inc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: U8108024
Last Updated: 12/22/2020
