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PROPERTY INFO
FACTS
- Single Family
- Built In 1973
- Price/Sqft : $120.97
- 4 Days on Market
- MLS # : A4485262
- Updated Date : 12/04/2020 at 10:36
CONSTRUCTION
- Beds : 4
- Floor Size : 1,645 sqft
- Baths : 2 full
Listing Agent
Relax Realty Group Inc
Listing Agent's Description
Looking for a property to put your stamp on?! Come check out this blank slate! The perfect starter home! 4 bedrooms, 2 baths, 1,645 square feet with detached garage has plenty of potentials and is waiting for its next owners. The first-floor host a main level bedroom and spacious in-home laundry. Sliders lead from the living room to a screened-in back patio and fenced in backyard which is perfect for relaxing, grilling & entertaining year-round. This home has a new roof as of 2020and a newer AC unit. Add your own personal touches and enjoy the Florida life! Why wait?!? Come visit and see how this can be your next home. The Valencia Park community features 2 pools(one pool is located at the end of the cul-de-sac), tennis courts, basketball courts, and a playground. You will be centrally located to both the Tampa International Airport & St Pete/Clearwater Airport, beautiful beaches, shopping & restaurants at the Westfield Countryside Mall, great schools, & a short drive to Tampa's Busch Gardens, Lowry Park Zoo & Adventure Island. All this home needs is your finishing touches to make it your own! All information provided is believed to be accurate & should be verified by the buyer.
SEE MORE
- 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)
- #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)
PRICE & RENT TRENDS
Neighborhood: Valencia Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Valencia Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,830 |
| EXPENSES | Loan Payment | -$734 |
| Property Tax | -$257 | |
| Property Insurance | -$132 | |
| HOA | -$26 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$552
|
||
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.
$199,000
PROJECTED PRICE
$1,830
PROJECTED RENT
0.92%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.13% |
| Appreciation Year (1-5) | 5.2% |
| 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
$58,485
LOAN DETAILS
$734
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $49,750 |
| Loan Amount | $149,250 |
17
YEARS SAVED
$65,617
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,830
LIST RENT -
$1.11
LIST RENT PER SQFT
-
$1,933
COMP ESTIMATED VALUE -
$1.18
COMP AVG. RENT PER SQFT
Comps Range
-
2062 San Sebastian Way N Clearwater, FL 4
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- $1.11
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1838 Seton Dr Clearwater, FL 1
- 3 beds 2 baths ∙ 1,560 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,560 Sqft ∙ Built 1976
LEASED 04/09/20- Rent
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- $1,775
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2242 Willow Tree Trl Clearwater, FL 2
- 3 beds 2 baths ∙ 1,481 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,481 Sqft ∙ Built 1977
LEASED 06/03/20- Rent
- Rent Per SQFT
- $1,800
- $1.22
-
775 Kirkland Cir Dunedin, FL 3
- 3 beds 2 baths ∙ 1,487 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,487 Sqft ∙ Built 1981
LEASED 07/10/20- Rent
- Rent Per SQFT
- $1,825
- $1.23
-
65 Ventura Dr Dunedin, FL 5
- 4 beds 2 baths ∙ 1,795 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,795 Sqft ∙ Built 1963
LEASED 05/15/20- Rent
- Rent Per SQFT
- $2,000
- $1.11
PROPERTY LISTING DETAILS
1.865.257.1214
Relax Realty Group Inc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: A4485262
Last Updated: 12/04/2020
