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PROPERTY INFO
FACTS
- Single Family
- Built In 2002
- Price/Sqft : $155.44
- 2 Days on Market
- MLS # : T3290098
- Updated Date : 02/20/2021 at 19:34
CONSTRUCTION
- Beds : 4
- Floor Size : 2,444 sqft
- Baths : 3 full
Listing Agent
Signature Realty Associates
Listing Agent's Description
BLOOMINGDALE beauty with FIVE FULL BEDROOMS- yes FIVE- plus an extra den for the perfect home office or virtual school. Four way split plan allows privacy for the perfect guest suite or in-law suite with its own bath. The master bedroom is oversized and with a huge en suite bath, complete with large tub, separate shower, and water closet. The master closet has built-ins and plenty of room. This home has brand NEW AC (2021). POOL and private backyard, all in highly sought after Bloomingdale school district. MacDill commuter bus and YMCA are just down the street.
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: Bloomingdale Cove
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Bloomingdale Cove
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,080 |
| EXPENSES | Loan Payment | -$1,320 |
| Property Tax | -$501 | |
| Property Insurance | -$179 | |
| HOA | -$19 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$67
|
||
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.
$379,900
PROJECTED PRICE
$2,080
PROJECTED RENT
0.55%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.27% |
| Appreciation Year (1-5) | 8.0% |
| 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
$106,424
LOAN DETAILS
$1,320
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $94,975 |
| Loan Amount | $284,925 |
5.33
YEARS SAVED
$21,280
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,080
LIST RENT -
$0.85
LIST RENT PER SQFT
-
$2,261
COMP ESTIMATED VALUE -
$0.93
COMP AVG. RENT PER SQFT
Comps Range
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- 4 beds 3 baths ∙ 2,269 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,269 Sqft ∙ Built 1993
LEASED 11/08/20- Rent
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- $2,100
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2257 Eagle Bluff Dr Valrico, FL 5
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LEASED 08/22/20- Rent
- Rent Per SQFT
- $2,495
- $1.02
PROPERTY LISTING DETAILS
1.813.689.3115
Signature Realty Associates
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3290098
Last Updated: 02/20/2021
