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PROPERTY INFO
FACTS
- Single Family
- Built In 1994
- Price/Sqft : $194.78
- 2 Days on Market
- MLS # : U8107852
- Updated Date : 01/02/2021 at 15:26
CONSTRUCTION
- Beds : 4
- Floor Size : 2,259 sqft
- Baths : 3 full
Listing Agent
Keller Williams St Pete Realty
Listing Agent's Description
Beautiful 4 bedroom, 3 bathroom, 2 car garage home with great curb appeal! Pretty tropical landscaping and side entry garage. Enter through the double doors to this beautifully updated and open floor plan with huge a great room complete with vaulted ceilings, recessed lighting, and a gas burning fireplace that is flanked on both sides with oversized windows overlooking pool area. There is a separate formal dining room for elegant entertaining. The kitchen features raised panel wood cabinetry, breakfast bar, updated appliances and a large eating area with 2 sets of french doors leading to the screened lanai. You will love the spacious master suite with an en suite offering a pampering jetted tub, separate shower, double vanity, and walk-in closet. There are 3 additional bedrooms and 2 bathrooms in a great 3 way split bedroom plan. Next up, the back of the house! There’s a large covered lanai with 2 seating areas, an inviting heated pool with a screen enclosure, low-maintenance landscape materials and it is surrounded by a PVC privacy fence. This turnkey home is zoned for A-rated schools and is ideally located at the southern end of the always desirable East Lake corridor, offering an easy commute and quick access to shopping, services, beaches, and airports.
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
Zip Code: 34685
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 34685
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,590 |
| EXPENSES | Loan Payment | -$1,623 |
| Property Tax | -$574 | |
| Property Insurance | -$168 | |
| HOA | -$50 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$46
|
||
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.
$440,000
PROJECTED PRICE
$2,590
PROJECTED RENT
0.59%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.27% |
| Appreciation Year (1-5) | 3.3% |
| 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
$122,350
LOAN DETAILS
$1,623
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $110,000 |
| Loan Amount | $330,000 |
7.17
YEARS SAVED
$44,362
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,590
LIST RENT -
$1.15
LIST RENT PER SQFT
-
$2,327
COMP ESTIMATED VALUE -
$1.03
COMP AVG. RENT PER SQFT
Comps Range
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- $2,495
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1801 Eagle Trace Blvd Palm Harbor, FL 4
- 3 beds 3 baths ∙ 2,487 Sqft ∙ Built 1992 3 beds 3 baths ∙ 2,487 Sqft ∙ Built 1992
LEASED 05/22/20- Rent
- Rent Per SQFT
- $2,600
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4100 Boyd Ln Palm Harbor, FL 5
- 3 beds 2 baths ∙ 2,403 Sqft ∙ Built 1994 3 beds 2 baths ∙ 2,403 Sqft ∙ Built 1994
LEASED 07/16/20- Rent
- Rent Per SQFT
- $2,600
- $1.08
PROPERTY LISTING DETAILS
1.407.947.6773
Keller Williams St Pete Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: U8107852
Last Updated: 01/02/2021
