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PROPERTY INFO
FACTS
- Single Family
- Built In 2002
- Price/Sqft : $149.97
- 2 Days on Market
- MLS # : T3278031
- Updated Date : 11/28/2020 at 15:16
CONSTRUCTION
- Beds : 3
- Floor Size : 1,767 sqft
- Baths : 2 full
Listing Agent
Dennis Realty & Inv. Corp.
Listing Agent's Description
This beautiful well maintained home is located in the Oak Grove community, just minutes from Tampa Premium Outlets, Wiregrass mall, other shops, and restaurants!! This home has 3 bedrooms 2 baths as well as a den/front office space and plenty of outdoor space. it also features a charming eat in kitchen with beautiful granite countertops, and stainless steel appliances. The master bedroom is oversized with on-suite master bath, which includes double vanities, a large soaking tub and separate shower. Updated pavers on screened patio area. Perfect for entertaining. Newer roof, Fencing, and A/C. This is the perfect home for you and your family!
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 Grove
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Oak Grove
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,670 |
| EXPENSES | Loan Payment | -$978 |
| Property Tax | -$296 | |
| Property Insurance | -$139 | |
| HOA | -$17 | |
| Property Management Fees | -$80 | |
|
CASH FLOW
$161
|
||
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.
$265,000
PROJECTED PRICE
$1,670
PROJECTED RENT
0.63%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.27% |
| Appreciation Year (1-5) | 6.5% |
| 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
$75,975
LOAN DETAILS
$978
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $66,250 |
| Loan Amount | $198,750 |
9.58
YEARS SAVED
$42,126
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,670
LIST RENT -
$0.95
LIST RENT PER SQFT
-
$1,674
COMP ESTIMATED VALUE -
$0.95
COMP AVG. RENT PER SQFT
Comps Range
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- $1,695
- $0.95
PROPERTY LISTING DETAILS
1.813.949.7444
Dennis Realty & Inv. Corp.
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3278031
Last Updated: 11/28/2020
