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PROPERTY INFO
FACTS
- Single Family
- Built In 1979
- Price/Sqft : $192.76
- 2 Days on Market
- MLS # : U8113649
- Updated Date : 02/20/2021 at 13:59
CONSTRUCTION
- Beds : 3
- Floor Size : 1,919 sqft
- Baths : 2 full , 1 half
Listing Agent
Realty Plus Of Tampa Bay Inc
Listing Agent's Description
This home has it all with it's great Countryside location. Walking distance to local elementary school, close to shopping, medical facilities, and The Tampa Airport is 16 miles away. Large corner lot with plenty of room for a growing family. Property needs updating. Large master bedroom with a garden shower in the master bath. The Jack and Jill bathroom has a double sink. The eat-in kitchen has plenty of space to cook. This home also has a Florida room in the back overlooking the pool area. Home will not last long. No HOA fee. Property is being offered "AS IS". Room measurements are approximate.
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: Northwood Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Northwood Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,320 |
| EXPENSES | Loan Payment | -$1,285 |
| Property Tax | -$491 | |
| Property Insurance | -$148 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$268
|
||
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.
$369,900
PROJECTED PRICE
$2,320
PROJECTED RENT
0.63%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.27% |
| Appreciation Year (1-5) | 3.3% |
| 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
$103,774
LOAN DETAILS
$1,285
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $92,475 |
| Loan Amount | $277,425 |
10.08
YEARS SAVED
$53,599
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,320
LIST RENT -
$1.21
LIST RENT PER SQFT
-
$2,519
COMP ESTIMATED VALUE -
$1.31
COMP AVG. RENT PER SQFT
Comps Range
-
2543 Redwood Way Clearwater, FL 2
- 3 beds 3 baths ∙ 1,919 Sqft ∙ Built 1979 3 beds 3 baths ∙ 1,919 Sqft ∙ Built 1979
![property image]()
- Rent
- Rent Per SQFT
- $2,320
- $1.21
-
2512 Cypress Bend Dr W Clearwater, FL 1
- 4 beds 2 baths ∙ 1,875 Sqft ∙ Built 1978 4 beds 2 baths ∙ 1,875 Sqft ∙ Built 1978
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LEASED 08/18/20- Rent
- Rent Per SQFT
- $2,200
- $1.17
-
2975 Kenilwick Dr N Clearwater, FL 3
- 4 beds 2 baths ∙ 1,947 Sqft ∙ Built 1976 4 beds 2 baths ∙ 1,947 Sqft ∙ Built 1976
![property image]()
LEASED 05/13/20- Rent
- Rent Per SQFT
- $2,695
- $1.38
-
2965 Ambleglen Ct Clearwater, FL 4
- 3 beds 2 baths ∙ 2,009 Sqft ∙ Built 1976 3 beds 2 baths ∙ 2,009 Sqft ∙ Built 1976
![property image]()
LEASED 08/31/20- Rent
- Rent Per SQFT
- $2,850
- $1.42
-
2911 Mill Stream Ct Clearwater, FL 5
- 4 beds 3 baths ∙ 2,253 Sqft ∙ Built 1976 4 beds 3 baths ∙ 2,253 Sqft ∙ Built 1976
![property image]()
LEASED 10/14/20- Rent
- Rent Per SQFT
- $2,895
- $1.28
PROPERTY LISTING DETAILS
1.727.642.1565
Realty Plus Of Tampa Bay Inc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: U8113649
Last Updated: 02/20/2021
