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PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $132.13
- 7 Days on Market
- MLS # : U8108412
- Updated Date : 01/02/2021 at 16:17
CONSTRUCTION
- Beds : 4
- Floor Size : 2,611 sqft
- Baths : 3 full
Listing Agent
Exp Realty Llc
Listing Agent's Description
This lightly lived in single-story Mercedes built home is in the desirable, and gated Shoregrass neighborhood within the popular community of Seven Oaks. It's a split floorplan with soaring ceilings throughout, formal dining room, and separate living room with a large great room at the center of the home. This home features plantation blinds throughout and three full bathrooms including the large en suite of the master bedroom. Master bath includes jetted tub and large walk-in closet. The kitchen has upgraded and oversized cabinets with Corian counters and stainless steel appliances. The master-planned community of Seven Oaks includes a resort-style pool and splash pad with tennis and basketball courts. A snack bar, private event room, and theater are within the community clubhouse.
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: Seven Oaks
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Seven Oaks
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,310 |
| EXPENSES | Loan Payment | -$1,273 |
| Property Tax | -$531 | |
| Property Insurance | -$188 | |
| HOA | -$11 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$177
|
||
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.
$345,000
PROJECTED PRICE
$2,310
PROJECTED RENT
0.67%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.27% |
| Appreciation Year (1-5) | 3.0% |
| 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
$97,175
LOAN DETAILS
$1,273
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $86,250 |
| Loan Amount | $258,750 |
9.17
YEARS SAVED
$50,050
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,310
LIST RENT -
$0.88
LIST RENT PER SQFT
-
$2,324
COMP ESTIMATED VALUE -
$0.89
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 08/01/20- Rent
- Rent Per SQFT
- $2,300
- $0.88
PROPERTY LISTING DETAILS
1.888.883.8509
Exp Realty Llc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: U8108412
Last Updated: 01/02/2021
