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PROPERTY INFO
FACTS
- Single Family
- Built In 1995
- Price/Sqft : $193.72
- 3 Days on Market
- MLS # : T3275547
- Updated Date : 11/14/2020 at 21:07
CONSTRUCTION
- Beds : 4
- Floor Size : 2,452 sqft
- Baths : 3 full
Listing Agent
Mihara & Associates Inc.
Listing Agent's Description
Welcome home to this beautiful, move-in ready pool home sitting on a half-acre lot overlooking a gorgeous pond. Conveniently located near the Veterans Expressway and boasing a spacious 2,500 sq. ft interior with 4 bedrooms, 3 baths, and 2-car garage. Drive up to an attractive front yard, featuring a circular paved driveway that leads to a decorative front door. As you enter into a formal sitting and dining room you will love the newly installed luxury waterproof laminate flooring (2019). The home features high baseboards and open vaulted ceilings, with plant ledges throughout. The open concept living space adjoins the kitchen with generous dinette and is ideal for entertaining. The kitchen boasts upgraded tile backsplash, wood cabinets, granite counters with breakfast bar, built-in desk, and recessed lighting. Appliances include: induction cooktop, built-in double oven, and Bosch dishwasher. The living and dining area overlook the pool with a double slider that fully opens to reveal the ultimate indoor/outdoor living experience. To the right of the living room you walk into a generous master suite, with private slider access to the pool area. Master bath has been fully remodeled to include a roomy glass shower with double shower heads. It features a stunning cast iron soaking tub, water closet for privacy, commodious walk-in wardrobe closet with lovely built-ins, and luxury tile floors throughout. To the left of the kitchen is a full bathroom with convenient pool access. The large laundry room provides storage with built-in cabinets and newer washer and dryer are included. There are two roomy guest bedrooms, each with corner double door closets. Featuring a 3-way split floor plan, the fourth bedroom would make an ideal in-law suite. It has a spacious walk-in closet and offers your guests plenty of privacy, with convenient bath access. Outside, cool off in the refreshing pool and take in the fresh air and view from the newly re-screened lanai (2020). Fantastic outdoor kitchen includes granite countertop, sink, mini fridge, storage, and full size built-in BBQ. In addition to the attached two-car garage, you will appreciate the newly built (2020) and tastefully matching detached garage/shed with 10X18 roll-up door. Use it for extra storage or workshop space. Additional updates include: new water heater (2020); 2016 A/C; and, 2013 roof. **No CDD** Home is located in highly sought after Steinbrenner school district.
SEE MORE
- 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)
- 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.
PRICE & RENT TRENDS
Neighborhood: Canterbury Glen
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Canterbury Glen
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,500 |
| EXPENSES | Loan Payment | -$1,753 |
| Property Tax | -$589 | |
| Property Insurance | -$179 | |
| HOA | -$23 | |
| Property Management Fees | -$80 | |
|
CASH FLOW
-$124
|
||
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.
$475,000
PROJECTED PRICE
$2,500
PROJECTED RENT
0.53%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.33% |
| Appreciation Year (1-5) | 4.6% |
| 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
$131,625
LOAN DETAILS
$1,753
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $118,750 |
| Loan Amount | $356,250 |
5
YEARS SAVED
$28,828
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,500
LIST RENT -
$1.02
LIST RENT PER SQFT
-
$2,513
COMP ESTIMATED VALUE -
$1.03
COMP AVG. RENT PER SQFT
Comps Range
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17509 Isbell Ln Odessa, FL 1
- 4 beds 3 baths ∙ 2,468 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,468 Sqft ∙ Built 1994
LEASED 09/19/20- Rent
- Rent Per SQFT
- $2,500
- $1.01
-
6908 Arabian Rd Odessa, FL 3
- 4 beds 3 baths ∙ 2,602 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,602 Sqft ∙ Built 1994
LEASED 02/07/20- Rent
- Rent Per SQFT
- $2,700
- $1.04
PROPERTY LISTING DETAILS
1.813.389.2074
Mihara & Associates Inc.
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3275547
Last Updated: 11/14/2020
