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PROPERTY INFO
FACTS
- Single Family
- Built In 2008
- Price/Sqft : $175.00
- 5 Days on Market
- MLS # : W7829345
- Updated Date : 12/24/2020 at 12:06
CONSTRUCTION
- Beds : 3
- Floor Size : 1,800 sqft
- Baths : 2 full
Listing Agent
Gulf Coast Executive Realty
Listing Agent's Description
BRING YOUR HORSES, BOATS OR RVS!!! NO deed restrictions, HOA, or CDD. Enjoy the privacy of 1.48 beautiful acres! This property has both open spaces and mature oaks. A move-in ready home with 3 bedrooms, 2 bathrooms, an oversized detached 3+ car garage, AND 2 stall horse barn. Full kitchen with pantry & breakfast bar. Crown moulding throughout the home! The master bedroom is spacious featuring a walk-in closet with built ins; large bathroom with dual sinks, walk in shower and separate garden tub. Other features include large additional bedrooms with walk in closets; inside laundry room, abundance of storage space, well and septic systems for no water bills. New A/C and well pump in 2020. This is a very unique property in a desirable location.
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: East County Civic Group
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: East County Civic Group
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,770 |
| EXPENSES | Loan Payment | -$1,162 |
| Property Tax | -$415 | |
| Property Insurance | -$141 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$77
|
||
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.
$315,000
PROJECTED PRICE
$1,770
PROJECTED RENT
0.56%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.27% |
| Appreciation Year (1-5) | 7.6% |
| 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
$89,225
LOAN DETAILS
$1,162
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $78,750 |
| Loan Amount | $236,250 |
5.33
YEARS SAVED
$20,434
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,770
LIST RENT -
$0.98
LIST RENT PER SQFT
-
$1,593
COMP ESTIMATED VALUE -
$0.89
COMP AVG. RENT PER SQFT
Comps Range
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2424 Cedarcrest Pl Valrico, FL 3
- 4 beds 2 baths ∙ 2,027 Sqft ∙ Built 1991 4 beds 2 baths ∙ 2,027 Sqft ∙ Built 1991
LEASED 08/12/19- Rent
- Rent Per SQFT
- $1,730
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2749 Buckhorn Preserve Blvd Valrico, FL 5
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LEASED 02/28/20- Rent
- Rent Per SQFT
- $1,875
- $0.95
PROPERTY LISTING DETAILS
1.727.808.3563
Gulf Coast Executive Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: W7829345
Last Updated: 12/24/2020
