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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $172.20
- 2 Days on Market
- MLS # : A4487748
- Updated Date : 01/09/2021 at 12:46
CONSTRUCTION
- Beds : 3
- Floor Size : 1,277 sqft
- Baths : 2 full
Listing Agent
Sarabay Real Estate Inc
Listing Agent's Description
Sure to impress and priced to sell! Rare opportunity to purchase a single family side entry home in the desirable Oak View community of Palmetto. Upon entry, this community immediately welcomes you and your house guests with an impressively manicured entryway in a park like setting with multiple playgrounds and walking paths. This 3/2 single family home features a premium lot and is conveniently located central to everything "Manasota" has to offer. The interior features a comfortable and efficient floor plan with ceramic tile set on an angle. The master suite has beautiful water views, extra square footage and an attached master bathroom featuring a shower stall and soaking tub. Although your best moments may be the spent quietly enjoying your water and conservation views, World class beaches, restaurants and entertainment are just minutes away. Palmetto is a fast growing community offering extraordinary value close to the gulf of Mexico. Make this house your new home at an exceptional value!
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: Oakview
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Oakview
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,570 |
| EXPENSES | Loan Payment | -$764 |
| Property Tax | -$224 | |
| Property Insurance | -$114 | |
| HOA | -$42 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$297
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.
$219,900
PROJECTED PRICE
$1,570
PROJECTED RENT
0.71%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.34% |
| Appreciation Year (1-5) | 14.1% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 3.70% |
| 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
$64,024
LOAN DETAILS
$764
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $54,975 |
| Loan Amount | $164,925 |
12.5
YEARS SAVED
$43,439
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,570
LIST RENT -
$1.23
LIST RENT PER SQFT
-
$1,386
COMP ESTIMATED VALUE -
$1.09
COMP AVG. RENT PER SQFT
Comps Range
-
2518 29th Ave E Palmetto, FL 3
- 3 beds 2 baths ∙ 1,277 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,277 Sqft ∙ Built 2006
- Rent
- Rent Per SQFT
- $1,570
- $1.23
-
2318 11th Ave E Palmetto, FL 1
- 3 beds 2 baths ∙ 1,214 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,214 Sqft ∙ Built 2014
LEASED 04/02/20- Rent
- Rent Per SQFT
- $1,435
- $1.18
-
2311 12th Ave E Palmetto, FL 2
- 3 beds 2 baths ∙ 1,481 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,481 Sqft ∙ Built 2015
LEASED 10/18/19- Rent
- Rent Per SQFT
- $1,495
- $1.01
-
3208 14th Ct E Ellenton, FL 4
- 3 beds 2 baths ∙ 1,554 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,554 Sqft ∙ Built 2013
LEASED 06/16/20- Rent
- Rent Per SQFT
- $1,599
- $1.03
-
2226 13th Ave E Palmetto, FL 5
- 3 beds 2 baths ∙ 1,556 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,556 Sqft ∙ Built 2016
LEASED 04/15/20- Rent
- Rent Per SQFT
- $1,750
- $1.12
PROPERTY LISTING DETAILS
1.240.743.7863
Sarabay Real Estate Inc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: A4487748
Last Updated: 01/09/2021
