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PROPERTY INFO
FACTS
- Single Family
- Built In 2017
- Price/Sqft : $170.83
- 21 Days on Market
- MLS # : T3292756
- Updated Date : 03/20/2021 at 09:20
CONSTRUCTION
- Beds : 4
- Floor Size : 2,400 sqft
- Baths : 3 full
Listing Agent
Century 21 Affiliated
Listing Agent's Description
PRICE REDUCED. Fantastic Opportunity to own this IMMACULATE and WELL MAINTAINED 4 BEDROOM, 3 BATH home with a DEN and LARGE LANAI overlooking a LARGE CONSERVATION AREA. As you enter into this home, you are greeted by a long hall with a view through the GREAT OPEN FLOOR PLAN to the LANAI and OUTSIDE. You will find a SPACIOUS BEDROOM and FULL BATH located off the entry which is perfect for separation and privacy. Further down the hall you will find a separate DEN/STUDY with FRENCH DOORS. Continue down the hall to the LARGE KITCHEN, DINING AREA and GREAT ROOM. There is BEAUTIFUL LAMINATE FLOORING throughout the main areas. The LARGE KITCHEN features 42 INCH CABINETS with CROWN MOLDING, GRANITE COUNTER TOPS, a BUTLER'S PANTRY, LARGE WALK-IN PANTRY, a GAS RANGE and HIGH END APPLIANCES. The SPACIOUS ISLAND is OPEN to the DINING AREA and LARGE GREAT ROOM. The SLIDERS feature a POCKET OPENING which allows for GREAT ENTERTAINING and FAMILY TIME and BRINGS THE OUTSIDE IN! The Master Bedroom is located off of the FAMILY ROOM and the LARGE WINDOWS overlook the lanai and conservation area. The MASTER BATH features a LARGE FRAMELESS SHOWER, LARGE SOAKING TUB, HIS and HER SINKS and access to the LARGE WALK-IN CLOSET. The LAUNDRY ROOM then leads to a hall where you will find TWO BEDROOMS which share a FULL BATH. UPGRADES include 4 ADDED CAN LIGHTS in the FAMILY ROOM, DEN and MASTER SUITE, SURROUND SOUND SPEAKERS and WIRING in the GREAT ROOM, TRAY CEILING in the MASTER SUITE, GRANITE COUNTERS in all of the bathrooms, Aquios Duo Plus WATER FILTRATION SYSTEM with WATER SOFTENER, RACHIO WIRELESS IRRIGATION SYSTEM, TANKLESS HOT WATER HEATER, PRE-PLUMBING for a SINK in the GARAGE, PRE-WIRING with CABLE and INTERNET CONNECTIONS and GAS HOOK UP on the LANAI, EPOXY GARAGE FLOORING, WIRELESS SECURITY SYSTEM with 4 CAMERAS with more PRE-WIRING to ADD MORE CAMERAS, IN-WALL PEST CONTROL, VINYL FENCED BACKYARD with VINYL FENCING at the HVAC CONDENSER to reduce noise, OVERSIZED DRIVEWAY all on a 60 FOOT LOT. Seller also pays quarterly for termite treatment. This COMMUNITY has a LOW HOA, NO CDD FEE and is a SHORT WALK TO one of the two COMMUNITY POOLS and has the HIGHEST RATED SCHOOLS in the county! This 4 YEAR OLD HOME is a MUST SEE!
SEE MORE
- 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)
- #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)
PRICE & RENT TRENDS
Zip Code: 33547
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 33547
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,320 |
| EXPENSES | Loan Payment | -$1,424 |
| Property Tax | -$693 | |
| Property Insurance | -$176 | |
| HOA | -$104 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$206
|
||
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.
$410,000
PROJECTED PRICE
$2,320
PROJECTED RENT
0.57%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.27% |
| Appreciation Year (1-5) | 3.6% |
| 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
$114,400
LOAN DETAILS
$1,424
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $102,500 |
| Loan Amount | $307,500 |
3.33
YEARS SAVED
$11,385
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,320
LIST RENT -
$0.97
LIST RENT PER SQFT
-
$2,316
COMP ESTIMATED VALUE -
$0.97
COMP AVG. RENT PER SQFT
Comps Range
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- $2,300
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LEASED 10/01/20- Rent
- Rent Per SQFT
- $2,350
- $0.95
PROPERTY LISTING DETAILS
1.813.624.3325
Century 21 Affiliated
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3292756
Last Updated: 03/20/2021
