Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1982
- Price/Sqft : $166.34
- 5 Days on Market
- MLS # : T3290737
- Updated Date : 02/19/2021 at 13:15
CONSTRUCTION
- Beds : 4
- Floor Size : 2,014 sqft
- Baths : 3 full
Listing Agent
Pineywoods Realty Llc
Listing Agent's Description
Welcome to your beautiful corner lot Pool home in a secluded and quiet neighborhood. The home features an oversized 2 car garage, 4 bedrooms, one which can be used as an in-house MIL suite, total of 3 full bathrooms, Mud Room, Formal & Informal living area, Dining area and large updated Kitchen. The home has easy flow throughout and has a triple sliding glass door exiting out into the caged-in pool area. The lot is .26 acres which gives plenty of yard space for pets and little ones to play. In addition to the incredible lot and beautiful home, you will also enjoy the comfort of knowing that your roof was replaced in 2021, HVAC in 2019, Pool Pump in 2020 and no HOA, CDD, Septic or Well. New Flooring throughout as well as newly painted exterior. The home also has an in-ground subterranean treatment system installed with a transferable contract. The home is located 5 mins from 75/I4 Exit allowing Downtown Tampa to be less than 20 minutes away. This home has it all!! PLEASE HAVE HIGHEST & BEST OFFER SUBMITTED BY SATURDAY 2/20 BY 3PM
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Kensington
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Kensington
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,810 |
| EXPENSES | Loan Payment | -$1,164 |
| Property Tax | -$426 | |
| Property Insurance | -$153 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$62
|
||
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.
$335,000
PROJECTED PRICE
$1,810
PROJECTED RENT
0.54%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.13% |
| Appreciation Year (1-5) | 8.4% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.27% |
| 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
$94,525
LOAN DETAILS
$1,164
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $83,750 |
| Loan Amount | $251,250 |
5.25
YEARS SAVED
$18,126
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,810
LIST RENT -
$0.9
LIST RENT PER SQFT
-
$1,782
COMP ESTIMATED VALUE -
$0.89
COMP AVG. RENT PER SQFT
Comps Range
-
1926 Old Sawmill Rd Brandon, FL 5
- 4 beds 3 baths ∙ 2,014 Sqft ∙ Built 1982 4 beds 3 baths ∙ 2,014 Sqft ∙ Built 1982
- Rent
- Rent Per SQFT
- $1,810
- $0.90
-
1631 Open Field Loop Brandon, FL 1
- 4 beds 2 baths ∙ 1,765 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,765 Sqft ∙ Built 2001
LEASED 02/28/20- Rent
- Rent Per SQFT
- $1,550
- $0.88
-
1623 Dogwood Ln Brandon, FL 2
- 4 beds 2 baths ∙ 1,835 Sqft ∙ Built 1985 4 beds 2 baths ∙ 1,835 Sqft ∙ Built 1985
LEASED 02/20/20- Rent
- Rent Per SQFT
- $1,595
- $0.87
-
1612 Open Field Loop Brandon, FL 3
- 3 beds 2 baths ∙ 1,854 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,854 Sqft ∙ Built 1999
LEASED 04/08/20- Rent
- Rent Per SQFT
- $1,600
- $0.86
-
1907 Hunter Ln Brandon, FL 4
- 3 beds 2 baths ∙ 1,770 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,770 Sqft ∙ Built 1979
LEASED 01/01/20- Rent
- Rent Per SQFT
- $1,649
- $0.93
PROPERTY LISTING DETAILS
1.850.728.8226
Pineywoods Realty Llc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3290737
Last Updated: 02/19/2021
