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PROPERTY INFO
FACTS
- Built In 2002
- Price/Sqft : $157.66
- 2 Days on Market
- MLS # : U8103878
- Updated Date : 11/07/2020 at 19:55
CONSTRUCTION
- Beds : 3
- Floor Size : 1,998 sqft
- Baths : 2 full , 1 half
Listing Agent
Future Home Realty Inc
Listing Agent's Description
BEAUIFUL "KEY VISTA COMMUNITY" THE RESORT STYLE LIVING! This beautiful home offers 3 bedrooms PLUS office/den, 2.5 baths, 3 car garage with workshop, storage cabinets, newer windows, newer a/c, updated kitchen with quartz countertops, stainless steel appliances, updated matching quartz countertops in each bathroom. The Open Floorplan offers a nice view of the covered patio and pool deck. The master bath suite has double sinks, beautiful new shower, walk in closet, patio doors that lead to the pool. Key Vista offers a very nice Clubhouse, Fitness Center, Pool, Tennis Courts, Playground, Volley Ball Court along with gated storage area for RV's/Boats are available. You can walk to the Waterfront Key Vista Gulf Park that offers 300' swimming area on the Gulf of Mexico, Picnic areas, Large Boat ramp, Birding, Wildlife Trails, Canoe ,Kayak Access, Dog Park, fishing. Take a drive to Historic Tarpon Springs Sponge Docks for lunch and shopping! So much to do in this area..NO FLOOD INSURANCE REQUIRED. Just a short commute to the famous Pinellas County Beaches, Tampa International Airport. Prior Settlement, Fully Insurable. Make your appointment fast!
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: Key Vista
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Key Vista
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,760 |
| EXPENSES | Loan Payment | -$1,162 |
| Property Tax | -$338 | |
| Property Insurance | -$153 | |
| HOA | -$120 | |
| Property Management Fees | -$80 | |
|
CASH FLOW
-$93
|
||
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.
$315,000
PROJECTED PRICE
$1,760
PROJECTED RENT
0.56%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.13% |
| Appreciation Year (1-5) | 7.8% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.27% |
| 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
$89,225
LOAN DETAILS
$1,162
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $78,750 |
| Loan Amount | $236,250 |
4.5
YEARS SAVED
$16,726
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,760
LIST RENT -
$0.88
LIST RENT PER SQFT
-
$1,873
COMP ESTIMATED VALUE -
$0.94
COMP AVG. RENT PER SQFT
Comps Range
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2630 Coldstone Ln Holiday, FL 2
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2549 Arrowpointe Dr Holiday, FL 1
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LEASED 03/11/20- Rent
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- $1,725
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2541 Arrowpointe Dr Holiday, FL 3
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LEASED 07/18/19- Rent
- Rent Per SQFT
- $1,800
- $0.89
-
2515 Big Pine Dr Holiday, FL 4
- 3 beds 2 baths ∙ 2,022 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,022 Sqft ∙ Built 2003
LEASED 02/12/20- Rent
- Rent Per SQFT
- $1,895
- $0.94
-
2511 Indian Key Dr Holiday, FL 5
- 4 beds 2 baths ∙ 2,027 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,027 Sqft ∙ Built 2002
LEASED 02/10/20- Rent
- Rent Per SQFT
- $1,910
- $0.94
PROPERTY LISTING DETAILS
1.727.644.4551
Future Home Realty Inc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: U8103878
Last Updated: 11/07/2020
