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PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $147.90
- 3 Days on Market
- MLS # : U8111536
- Updated Date : 01/29/2021 at 17:37
CONSTRUCTION
- Beds : 4
- Floor Size : 2,806 sqft
- Baths : 3 full
Listing Agent
Exp Realty Llc
Listing Agent's Description
Lovely home Conveniently located in private, gated golf course community of Bloomingdale. Enjoy your beautiful pond views from your front porch or enjoy your pool and spa in your newly screened in back patio. This home has something for everyone - Split bedroom plan provides privacy for primary bedroom, separate office great for remote learning/ working. Formal living/dining room; open floorplan with kitchen/eating/family room. Large kitchen has both an island and breakfast bar, a lot of cabinet and counter space, NEW black stainless APPLIANCES, large cabinet pantry. Tile floor throughout Kitchen and foyer. Remodel allowance of 10K being offered so you can change carpet and/or paint. Large 3 car garage provides space for all cars and toys.
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: 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 | $2,360 |
| EXPENSES | Loan Payment | -$1,441 |
| Property Tax | -$613 | |
| Property Insurance | -$200 | |
| HOA | -$67 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$89
|
||
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.
$415,000
PROJECTED PRICE
$2,360
PROJECTED RENT
0.57%
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
$115,725
LOAN DETAILS
$1,441
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $103,750 |
| Loan Amount | $311,250 |
5
YEARS SAVED
$20,920
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,360
LIST RENT -
$0.84
LIST RENT PER SQFT
-
$2,413
COMP ESTIMATED VALUE -
$0.86
COMP AVG. RENT PER SQFT
Comps Range
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PROPERTY LISTING DETAILS
1.727.386.9717
Exp Realty Llc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: U8111536
Last Updated: 01/29/2021
