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PROPERTY INFO
FACTS
- Single Family
- Built In 2000
- Price/Sqft : $182.99
- 20 Days on Market
- MLS # : T3283310
- Updated Date : 01/21/2021 at 16:42
CONSTRUCTION
- Beds : 5
- Floor Size : 2,705 sqft
- Baths : 3 full
Listing Agent
Home Locators Inc.
Listing Agent's Description
Overlooking the 15th tee box of the TPC Golf Course, this gorgeous 5BR/3BA executive home offers a beautiful view of the pond, conservation area and golf course. Freshly painted, this home offers many custom and designer touches! Features spacious rooms with vaulted ceilings and ceramic tile and laminate flooring throughout. You will love the architecturally designed arches that grace the entrance to the family room, large ceramic tile flooring downstairs, and laminate in the large upstairs bonus room with built-ins and the upstairs bedrooms. Downstairs features a wonderful guest suite and full bath, The kitchen boasts beautiful custom cherry cabinet, granite counter tops and stainless steel appliances. The master suite offers a lovely view of the golf course, two walk-in closets, beautiful double vanities, separate garden tub plus walk-in shower. Three car garage with a brand new epoxy floor. Designer ceiling fans throughout. Also, you will love relaxing under the covered lanai & swimming in the free form pool Fully fenced backyard with levels of newly painted concrete decking. Cheval is a beautiful guard manned gated community in northwest Hillsborough County.
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: Cheval West
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Cheval West
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,700 |
| EXPENSES | Loan Payment | -$1,719 |
| Property Tax | -$700 | |
| Property Insurance | -$194 | |
| HOA | -$11 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$53
|
||
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.
$495,000
PROJECTED PRICE
$2,700
PROJECTED RENT
0.55%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.33% |
| Appreciation Year (1-5) | 5.0% |
| 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
$136,925
LOAN DETAILS
$1,719
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $123,750 |
| Loan Amount | $371,250 |
5.58
YEARS SAVED
$30,231
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,700
LIST RENT -
$1
LIST RENT PER SQFT
-
$2,833
COMP ESTIMATED VALUE -
$1.05
COMP AVG. RENT PER SQFT
Comps Range
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- $2,600
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18814 Place Antibes Lutz, FL 3
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- $2,700
- $0.99
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LEASED 06/05/20- Rent
- Rent Per SQFT
- $3,100
- $1.16
PROPERTY LISTING DETAILS
1.813.908.8555
Home Locators Inc.
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3283310
Last Updated: 01/21/2021
