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PROPERTY INFO
FACTS
- Single Family
- Built In 2005
- Price/Sqft : $162.09
- 2 Days on Market
- MLS # : W7831484
- Updated Date : 03/07/2021 at 00:36
CONSTRUCTION
- Beds : 3
- Floor Size : 1,675 sqft
- Baths : 2 full
Listing Agent
Excel Real Properties Llc
Listing Agent's Description
Prime Location, Quiet, Peaceful Neighborhood, 3 Bedroom, 2 Bath, 2 Car Garage "Oak Grove" Home built in 2005, Bright Open Great Room Floor Plan with Soaring Vaulted Ceilings, Spacious Kitchen with Crisp White Cabinetry, Gas Range, Built-in Microwave, SxS refrigerator with Ice and Water, Breakfast Bar Overlooking the Great Room with Large Sliding Doors looking out to a Covered and Screened Lanai and the PVC Fenced Back Yard, A Seperate Formal Dining Room convient to the Kitchen, Double Panel Door Entry to the 15x15 Master Bedroom with Slider out to Lanai, EN SUITE Master Bedroom boasts a Double Sink Vanity, Garden Tub with Shower, Large Walk-in Closet with Built-in Shelving, Both Spare Bedrooms are generously sized with Roomy Closets and one with built-in Organizer Shelving, Ceramic Tile and Laminate Flooring through-out, ADT Security System, Digital Thermostat, Designer Ceiling Fans through-out, SxS refrigerator w/Iceabd Water,as Range, Microwave and Dishwasher,Interior Utility Room with Upgrade Washer and Dryer, Two Car Garage w/Door Opener and Coded Entry. Less then 15 minutes to I-75 and I-275, Easy Access to major Commuter Highways - Call Today to set an Appointment !!
SEE MORE
- 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.
- Tampa's economy is worth over $156 billion in Gross Metro Product and projected to grow to $165 billion in 2019 (USMayors.org, 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 | $1,580 |
| EXPENSES | Loan Payment | -$943 |
| Property Tax | -$303 | |
| Property Insurance | -$134 | |
| HOA | -$21 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$51
|
||
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.
$271,500
PROJECTED PRICE
$1,580
PROJECTED RENT
0.58%
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
$77,698
LOAN DETAILS
$943
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $67,875 |
| Loan Amount | $203,625 |
7.5
YEARS SAVED
$25,209
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,580
LIST RENT -
$0.94
LIST RENT PER SQFT
-
$1,688
COMP ESTIMATED VALUE -
$1.01
COMP AVG. RENT PER SQFT
Comps Range
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- 3 beds 2 baths ∙ 1,675 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,675 Sqft ∙ Built 2005
![property image]()
- Rent
- Rent Per SQFT
- $1,580
- $0.94
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24710 Volterra Ct Lutz, FL 1
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LEASED 05/01/20- Rent
- Rent Per SQFT
- $1,575
- $1.02
-
24652 Portofino Dr Lutz, FL 3
- 3 beds 2 baths ∙ 1,545 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,545 Sqft ∙ Built 2005
![property image]()
LEASED 08/14/20- Rent
- Rent Per SQFT
- $1,595
- $1.03
-
24940 Panacea Ct Lutz, FL 4
- 4 beds 3 baths ∙ 1,782 Sqft ∙ Built 2006 4 beds 3 baths ∙ 1,782 Sqft ∙ Built 2006
![property image]()
LEASED 08/20/20- Rent
- Rent Per SQFT
- $1,695
- $0.95
-
1850 Tinker Dr Lutz, FL 5
- 4 beds 2 baths ∙ 1,745 Sqft ∙ Built 1995 4 beds 2 baths ∙ 1,745 Sqft ∙ Built 1995
![property image]()
LEASED 11/05/20- Rent
- Rent Per SQFT
- $1,800
- $1.03
PROPERTY LISTING DETAILS
1.727.967.6903
Excel Real Properties Llc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: W7831484
Last Updated: 03/07/2021
