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PROPERTY INFO
FACTS
- Single Family
- Built In 1976
- Price/Sqft : $217.93
- 2 Days on Market
- MLS # : U8105510
- Updated Date : 11/22/2020 at 01:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,824 sqft
- Baths : 2 full
Listing Agent
Ez Home Choice Llc
Listing Agent's Description
Location! Location! Location! This lovely pool home is located in the desireable Countryside community of Northwood Estates! This spacious home features an updated light and bright kitchen with lots of counterspace and new stainless steel appliances as well as 2 pantries! Kitchen is open to dining area and large family room complete with brick wood burning fireplace and vaulted ceilings! Off the family room is sliders to the covered screened lanai perfect for entertaining that flows to the screened sparkling pool with pavers and updated marcite. There is also a spacious living room and 3 nice sized bedrooms! The master bedroom has an en suite with a dressing area, standing shower and dual sinks! Inside laundry room and 2 car garage! C/H/A 2011, Roof 2005, H2O heater 2015, pool pump 2020, sprinkler pump 2020, appliances 2020. Great location close to shopping, restaurants, schools, entertainment and the Westfield mall! Add your finishing touches and this is a home to treasure for a lifetime! Relax by the pool or snuggle up by the fireplace! Welcome to paradise!
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: 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 | $2,300 |
| EXPENSES | Loan Payment | -$1,467 |
| Property Tax | -$513 | |
| Property Insurance | -$142 | |
| Property Management Fees | -$80 | |
|
CASH FLOW
$98
|
||
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.
$397,500
PROJECTED PRICE
$2,300
PROJECTED RENT
0.58%
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
$111,088
LOAN DETAILS
$1,467
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $99,375 |
| Loan Amount | $298,125 |
7.67
YEARS SAVED
$46,573
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,300
LIST RENT -
$1.26
LIST RENT PER SQFT
-
$2,430
COMP ESTIMATED VALUE -
$1.33
COMP AVG. RENT PER SQFT
Comps Range
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2633 Brandywine Dr Clearwater, FL 2
- 3 beds 2 baths ∙ 1,824 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,824 Sqft ∙ Built 1976
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2512 Cypress Bend Dr W Clearwater, FL 1
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- $2,200
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3100 Blue Heron St Safety Harbor, FL 3
- 3 beds 2 baths ∙ 1,729 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,729 Sqft ∙ Built 1980
LEASED 11/09/20- Rent
- Rent Per SQFT
- $2,345
- $1.36
-
2975 Kenilwick Dr N Clearwater, FL 4
- 4 beds 2 baths ∙ 1,947 Sqft ∙ Built 1976 4 beds 2 baths ∙ 1,947 Sqft ∙ Built 1976
LEASED 05/13/20- Rent
- Rent Per SQFT
- $2,695
- $1.38
-
2965 Ambleglen Ct Clearwater, FL 5
- 3 beds 2 baths ∙ 2,009 Sqft ∙ Built 1976 3 beds 2 baths ∙ 2,009 Sqft ∙ Built 1976
LEASED 08/31/20- Rent
- Rent Per SQFT
- $2,850
- $1.42
PROPERTY LISTING DETAILS
1.727.409.9550
Ez Home Choice Llc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: U8105510
Last Updated: 11/22/2020
