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PROPERTY INFO
FACTS
- Single Family
- Built In 2001
- Price/Sqft : $180.68
- 3 Days on Market
- MLS # : T3277058
- Updated Date : 11/20/2020 at 14:43
CONSTRUCTION
- Beds : 3
- Floor Size : 1,439 sqft
- Baths : 2 full
Listing Agent
Pineywoods Realty Llc
Listing Agent's Description
Welcome to this move-in-ready 3 bedroom 2 bath home in the desirable community of Grand Oaks! This beautiful home features a HUGE fully fenced back yard on a corner lot. Inside you’ll find an updated neutral color throughout the home, NEW sparkling granite counters in the kitchen, newer matching LG stainless appliances and beautiful laminate flooring throughout the main living space and bedrooms. Separate formal living and dining space located off the entrance and a spacious kitchen with convenient breakfast bar opens up to the family room. Follow the sliders off the main living room to the screened lanai and into the spacious fenced back yard. The master suite offers a large walk-in closet and plenty of counter space with double sinks and a large garden tub. Inside laundry room off the kitchen leads to the two car garage. Washer and dryer will convey. BRAND NEW ROOF is scheduled to be installed after the Thanksgiving holiday. Grand Oaks offers a community pool, fitness center, playground and more all without the CDD fees!! Convenient location, close to I75 and shopping at the Tampa Premium Outlets and Wiregrass Mall. Make your appointment today!
SEE MORE
- 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)
- 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.
PRICE & RENT TRENDS
Neighborhood: Grand Oaks
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Grand Oaks
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,440 |
| EXPENSES | Loan Payment | -$959 |
| Property Tax | -$288 | |
| Property Insurance | -$120 | |
| HOA | -$105 | |
| Property Management Fees | -$80 | |
|
CASH FLOW
-$112
|
||
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.
$260,000
PROJECTED PRICE
$1,440
PROJECTED RENT
0.55%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.27% |
| Appreciation Year (1-5) | 7.4% |
| 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
$74,650
LOAN DETAILS
$959
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $65,000 |
| Loan Amount | $195,000 |
4.08
YEARS SAVED
$11,643
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,440
LIST RENT -
$1
LIST RENT PER SQFT
-
$1,439
COMP ESTIMATED VALUE -
$1
COMP AVG. RENT PER SQFT
Comps Range
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25947 Terrawood Loop Land O Lakes, FL 1
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LEASED 12/19/19- Rent
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- $1,450
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5112 Gato Del Sol Cir Wesley Chapel, FL 4
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LEASED 03/02/20- Rent
- Rent Per SQFT
- $1,495
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LEASED 10/05/20- Rent
- Rent Per SQFT
- $1,600
- $0.98
PROPERTY LISTING DETAILS
1.813.225.1890
Pineywoods Realty Llc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3277058
Last Updated: 11/20/2020
