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PROPERTY INFO
FACTS
- Single Family
- Built In 1995
- Price/Sqft : $173.95
- 3 Days on Market
- MLS # : T3285149
- Updated Date : 01/16/2021 at 01:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,069 sqft
- Baths : 2 full , 1 half
Listing Agent
Jason Mitchell Real Estate Fl
Listing Agent's Description
BEAUTIFUL BLOOMINGDALE POOL HOME WITH NO CDD AND VERY LOW OPTIONAL HOA! ENTER YOUR FOYER UNDER BEAUTIFUL NEWER STAINED GLASS WINDOW TO NEWLY INSTALLED WOOD COVERED STAIRCASE AND DECORATIVE PLANK WALL. WOOD LOOK TILE ADORNS FORMAL DINING AND LIVING ROOMS. LARGE OPEN KITCHEN OVERLOOKS THE POOL WITH ISLAND AND EAT IN SPACE. SOARING CEILING IN YOUR LARGE FAMILY ROOM WITH NEWER PLANK FLOORING. UPSTAIRS FEATURES NEW PLANK FLOORING IN 3 SPACIOUS BEDROOMS AND LANDING AREA. HUGE OWNERS SUITE WITH ENSUITE DUAL VANITY BATHROOM INCLUDING SEPARATE SOAKING TUB AND STAND UP SHOWER. NEW VINYL FENCING ON SIDE AND BACK, 3 YEAR OLD WATER HEATER, 4 YEAR OLD ROOF. SOLAR PANELS ONLY 2 YEARS OLD AND KEEP ENERGY COSTS TO AROUND $100 PER MONTH! 2016 REMODEL INCLUDED KITCHEN, NEW PLUMBING, NEW LIGHT FIXTURES, NEW SINKS, NEW GRANITE IN BATHROOMS AND NEW FAUCETS. FRESHLY PAINTED INTERIOR AND COATED GARAGE FLOOR. EXTENDED COVERED LANAI ALLOWS YOU PLENTY OF ROOM FOR ENTERTAINING AT A WHOPPING 12'X20' OF COVERED SPACE. NEWLY COATED POOL GIVING YOU A SPARKLING BRIGHT BLUE PARADISE! SOUGHT AFTER BLOOMINGDALE NEIGHBORHOOD WITH GREAT SCHOOLS, NEARBY SHOPPING AND DINING, ON A BEAUTIFUL TREE LINED STREET.
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: Bloomingdale
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Bloomingdale
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,930 |
| EXPENSES | Loan Payment | -$1,250 |
| Property Tax | -$474 | |
| Property Insurance | -$157 | |
| HOA | -$3 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$83
|
||
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.
$359,900
PROJECTED PRICE
$1,930
PROJECTED RENT
0.54%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.27% |
| Appreciation Year (1-5) | 6.0% |
| 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
$101,124
LOAN DETAILS
$1,250
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $89,975 |
| Loan Amount | $269,925 |
5.17
YEARS SAVED
$18,863
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,930
LIST RENT -
$0.93
LIST RENT PER SQFT
-
$1,800
COMP ESTIMATED VALUE -
$0.87
COMP AVG. RENT PER SQFT
Comps Range
-
2305 Oakhurst Ct Valrico, FL 3
- 4 beds 3 baths ∙ 2,069 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,069 Sqft ∙ Built 1995
- Rent
- Rent Per SQFT
- $1,930
- $0.93
-
2320 Needham Dr Valrico, FL 1
- 3 beds 3 baths ∙ 2,069 Sqft ∙ Built 1995 3 beds 3 baths ∙ 2,069 Sqft ∙ Built 1995
LEASED 05/27/20- Rent
- Rent Per SQFT
- $1,650
- $0.80
-
2331 Needham Dr Valrico, FL 2
- 3 beds 3 baths ∙ 2,069 Sqft ∙ Built 1995 3 beds 3 baths ∙ 2,069 Sqft ∙ Built 1995
LEASED 09/11/20- Rent
- Rent Per SQFT
- $1,775
- $0.86
-
2614 Brookville Dr Valrico, FL 4
- 4 beds 3 baths ∙ 2,205 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,205 Sqft ∙ Built 2002
LEASED 02/25/20- Rent
- Rent Per SQFT
- $1,935
- $0.88
-
4625 Daventry Pl Valrico, FL 5
- 4 beds 2 baths ∙ 2,178 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,178 Sqft ∙ Built 1998
LEASED 03/10/20- Rent
- Rent Per SQFT
- $2,045
- $0.94
PROPERTY LISTING DETAILS
1.863.808.8745
Jason Mitchell Real Estate Fl
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3285149
Last Updated: 01/16/2021
