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PROPERTY INFO
FACTS
- Single Family
- Built In 2001
- Price/Sqft : $207.44
- 3 Days on Market
- MLS # : T3286311
- Updated Date : 01/23/2021 at 17:22
CONSTRUCTION
- Beds : 3
- Floor Size : 1,735 sqft
- Baths : 2 full
Listing Agent
Van Wert Real Estate Svcs.,llc
Listing Agent's Description
Stunning in Cheval! This is one of the most sought-after communities and school zones in the Tampa Bay area. And this 3 BR, 2 bath, POOL home is sure to impress! 1,735 square feet of MOVE-IN READY fabulousness awaits. Stylishly updated, this OPEN FLOOR PLAN will have you at hello. Cheval's tree-lined streets welcome you, then enter your leaded glass front door into the LIGHT 'N BRIGHT living room / dining room with lovely light laminate flooring and vaulted ceilings. PLANTATION SHUTTERS throughout give it such a rich feel. Granite counters, STAINLESS STEEL APPLIANCES, wood cabinets, breakfast bar, pantry, and breakfast nook complete this amazing kitchen. Spacious family room and sliders lead to the covered / screened patio, sparkling pool, and POND VIEW beyond. SPLIT FLOOR PLAN features master bedroom in rear of home, and it boasts a large WALK-IN CLOSET with extra shelving and an UPDATED EN SUITE BATHROOM with dual vanity and frameless shower door. Separate hallway leads to secondary bedrooms and updated guest bathroom. All bedrooms have that beautiful laminate flooring, no carpet here! Garage has attic with pull-down stairs and storage space, new Wi-Fi garage door opener, utility sink, and side door. Feel safe and secure in this 24 hour guard-gated community and enjoy the benefits of an A-RATED SCHOOL ZONE. Just minutes to the Veterans Expressway with quick access to the airport and Downtown Tampa. Not to mention tons of shopping & dining within a convenient drive. Don't miss out on your opportunity to be here! This home won't last!
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 | $2,050 |
| EXPENSES | Loan Payment | -$1,250 |
| Property Tax | -$454 | |
| Property Insurance | -$137 | |
| HOA | -$11 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$69
|
||
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.
$359,900
PROJECTED PRICE
$2,050
PROJECTED RENT
0.57%
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
$101,124
LOAN DETAILS
$1,250
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $89,975 |
| Loan Amount | $269,925 |
7.42
YEARS SAVED
$33,150
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,050
LIST RENT -
$1.18
LIST RENT PER SQFT
-
$1,804
COMP ESTIMATED VALUE -
$1.04
COMP AVG. RENT PER SQFT
Comps Range
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18823 Maisons Dr Lutz, FL 3
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-
18831 Maisons Dr Lutz, FL 1
- 3 beds 2 baths ∙ 1,735 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,735 Sqft ∙ Built 2001
LEASED 02/11/20- Rent
- Rent Per SQFT
- $1,785
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-
5610 Terrain De Golf Dr Lutz, FL 2
- 3 beds 2 baths ∙ 1,859 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,859 Sqft ∙ Built 1999
LEASED 10/25/19- Rent
- Rent Per SQFT
- $1,799
- $0.97
-
5906 Lourdes Way Lutz, FL 4
- 4 beds 2 baths ∙ 2,008 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,008 Sqft ∙ Built 2002
LEASED 07/24/19- Rent
- Rent Per SQFT
- $2,100
- $1.05
-
5412 Avenal Dr Lutz, FL 5
- 3 beds 3 baths ∙ 2,060 Sqft ∙ Built 1995 3 beds 3 baths ∙ 2,060 Sqft ∙ Built 1995
LEASED 01/10/21- Rent
- Rent Per SQFT
- $2,295
- $1.11
PROPERTY LISTING DETAILS
1.813.231.3627
Van Wert Real Estate Svcs.,llc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3286311
Last Updated: 01/23/2021
