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PROPERTY INFO
FACTS
- Single Family
- Built In 1979
- Price/Sqft : $188.58
- 6 Days on Market
- MLS # : W7829448
- Updated Date : 01/02/2021 at 14:33
CONSTRUCTION
- Beds : 3
- Floor Size : 1,988 sqft
- Baths : 2 full
Listing Agent
Re/max Champions
Listing Agent's Description
WELCOME HOME! ENJOY YOUR OWN PRIVATE OASIS WITH PEACE, QUIET AND SERENITY! LOCATED ON A 1.39 ACRE LOT WITH MATURE LIVE OAKS. DON'T MISS THIS AMAZING 3 BEDROOM, PLUS HOME OFFICE THAT LOOKS OUT ON A PARK-LIKE SETTING. KITCHEN AND DINING ROOM ARE SPACIOUS WITH WRAP AROUND WINDOWS OVERLOOKING A CYPRESS STRAND. RELAX IN THE FAMILY ROOM WITH WOOD BURNING FIREPLACE, MASTER SUITE HAS SEPARATE SHOWER WITH JACUZZI TUB. SOME OF THE HOME'S FINER FEATURES/UPGRADES INCLUDE: NEW LUXURY VINYL FLOORING, BRAND NEW STAINLESS STEEL APPLIANCES, UPDATED FIXTURES/FANS, INTERIOR/EXTERIOR PAINTING. THIS HOME IS PERFECT FOR ENTERTAINING YEAR ROUND WITH A HUGE SCREENED PORCH WITH PRIVACY OF THE BACK YARD WITH SMALL CREEK. PLENTY OF SPACE FOR YOUR BOAT, JET SKI OR RV! CONVENIENTLY LOCATED NEAR SHOPPING, RESTAURANTS, TOP RATED SCHOOLS, GOLF COURSES, MEDICAL FACILIITES AND MUCH MORE! MUST SEE TO APPRECIATE! SCHEDULE A SHOWING TODAY!
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: Oak Ridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Oak Ridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,020 |
| EXPENSES | Loan Payment | -$1,383 |
| Property Tax | -$419 | |
| Property Insurance | -$152 | |
| HOA | -$4 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$67
|
||
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.
$374,900
PROJECTED PRICE
$2,020
PROJECTED RENT
0.54%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.27% |
| Appreciation Year (1-5) | 8.1% |
| 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
$105,099
LOAN DETAILS
$1,383
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $93,725 |
| Loan Amount | $281,175 |
5.58
YEARS SAVED
$27,346
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,020
LIST RENT -
$1.02
LIST RENT PER SQFT
-
$1,650
COMP ESTIMATED VALUE -
$0.83
COMP AVG. RENT PER SQFT
Comps Range
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2109 Pepperell Dr New Port Richey, FL 5
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5527 Golden Nugget Dr Holiday, FL 1
- 3 beds 2 baths ∙ 1,698 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,698 Sqft ∙ Built 1982
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- $1,395
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1124 Royalwood Dr Holiday, FL 2
- 3 beds 2 baths ∙ 1,785 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,785 Sqft ∙ Built 1973
LEASED 08/21/19- Rent
- Rent Per SQFT
- $1,495
- $0.84
-
3031 Shadow Oaks Dr Holiday, FL 3
- 3 beds 2 baths ∙ 1,902 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,902 Sqft ∙ Built 1984
LEASED 08/01/19- Rent
- Rent Per SQFT
- $1,600
- $0.84
-
1725 Tumbleweed Dr Holiday, FL 4
- 3 beds 2 baths ∙ 1,948 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,948 Sqft ∙ Built 1979
LEASED 10/19/20- Rent
- Rent Per SQFT
- $1,600
- $0.82
PROPERTY LISTING DETAILS
1.727.807.7887
Re/max Champions
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: W7829448
Last Updated: 01/02/2021
