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PROPERTY INFO
FACTS
- Single Family
- Built In 1991
- Price/Sqft : $161.52
- 2 Days on Market
- MLS # : T3274393
- Updated Date : 01/02/2021 at 10:04
CONSTRUCTION
- Beds : 4
- Floor Size : 2,136 sqft
- Baths : 2 full
Listing Agent
Re/max Dynamic
Listing Agent's Description
Fall in love with this beautiful and super well-maintained 4br/2ba/2cg home nestled in the desirable community of Calusa Trace. Located in the coveted Steinbrenner school district, this home has been lovingly cared for by the same owner the past 30+ years! Upon entering, you will appreciate the gorgeous wood grain porcelain tile floors and high ceilings. The chef of the family will love the EAT-IN kitchen with STAINLESS STEEL appliances. So many new features here including; NEWER A/C, exterior and interior paint, hurricane rated garage door, upgraded electrical panel, water heater, and water softener. Everything is on a strict monthly maintenance plan including the termite care. The dreamy master retreat offers a WALK-IN CLOSET and a gorgeous UPGRADED ($50k+) en suite bath complete with spa-like soaking tub, a huge glass and tiled shower with rain shower head, and his & hers granite sinks. Additional features include; an irrigation system, exterior motion lighting, attic with pull down and plywood flooring for all your storage needs, and a spacious indoor laundry room. Enjoy relaxing on the large SCREENED LANAI with plenty of room to entertain and grill out!! The yard is spacious with lots of room for your furry friends! Calusa Trace features A-rated schools, community parks, playgrounds, easy access to some of the best fine and casual dining in the area, convenient to shopping and the Tampa International Airport. It's all about LOCATION! You will fall in love with the small town feel close to everything! This is an exceptional home at an extraordinary value! A must see!
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
Neighborhood: Calusa
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Calusa
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,090 |
| EXPENSES | Loan Payment | -$1,273 |
| Property Tax | -$436 | |
| Property Insurance | -$161 | |
| HOA | -$46 | |
| 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.
$345,000
PROJECTED PRICE
$2,090
PROJECTED RENT
0.61%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.27% |
| Appreciation Year (1-5) | 8.2% |
| 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
$97,175
LOAN DETAILS
$1,273
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $86,250 |
| Loan Amount | $258,750 |
7.33
YEARS SAVED
$35,792
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,090
LIST RENT -
$0.98
LIST RENT PER SQFT
-
$2,051
COMP ESTIMATED VALUE -
$0.96
COMP AVG. RENT PER SQFT
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PROPERTY LISTING DETAILS
1.813.501.3939
Re/max Dynamic
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3274393
Last Updated: 01/02/2021
