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PROPERTY INFO
FACTS
- Single Family
- Built In 1992
- Price/Sqft : $224.12
- 2 Days on Market
- MLS # : T3291431
- Updated Date : 02/21/2021 at 01:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,048 sqft
- Baths : 2 full
Listing Agent
University Realty Of Tampa
Listing Agent's Description
SPACIOUS 3 BEDROOM, 2 BATH 2 CAR GARAGE LOCATED IN BEAUTIFUL WATERFORD CROSSING AND DESIRED SCHOOL DISTRICT. KITCHEN & FAMILY ROOM OPEN TO POOL UNDER A SCREENED CAGE. THE HOUSE HAS AN ABUNDANCE OF NATURAL LIGHT. SLIDING GLASS DOORS FROM FAMILY ROOM, LIVING ROOM AND MASTER BEDROOM, AS WELL AS 2nd BATHROOM. EASY ACCESS FROM POOL WITH NO MESS. SPLIT FLOOR PLAN, HIGH CEILINGS WITH FANS AND SPACIOUS WALK-IN CLOSETS, THE MASTER BATHROOM HAS A GARDEN BATHTUB, DUAL SINKS, LARGE WALK-IN SHOWER AND SEPARATE TOILET. THE LAUNDRY ROOM IS OFF THE KITCHEN AND IS EQUIPPED WITH LOTS OF CABINETS WHICH LEADS TO THE 2 CAR GARAGE. THERE IS A SEPARATE DOOR TO ENTER THE GARAGE FROM THE SIDE OF THE HOUSE. AT THE END OF THE STREET IS A FENCED PARK & PLAYGROUND. DUNEDIN BEACH CAUSEWAY, HONEYMOON ISLAND, DUNEDIN MAIN STREET AND THE FAMOUS PINELLAS TRAIL FOR ALL WALKING & BIKING ENTHUSIASTS.
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: Waterford Crossing
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Waterford Crossing
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,540 |
| EXPENSES | Loan Payment | -$1,594 |
| Property Tax | -$506 | |
| Property Insurance | -$155 | |
| HOA | -$88 | |
| 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.
$459,000
PROJECTED PRICE
$2,540
PROJECTED RENT
0.55%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.13% |
| Appreciation Year (1-5) | 5.2% |
| 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
$127,385
LOAN DETAILS
$1,594
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $114,750 |
| Loan Amount | $344,250 |
7.08
YEARS SAVED
$39,099
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,540
LIST RENT -
$1.24
LIST RENT PER SQFT
-
$2,719
COMP ESTIMATED VALUE -
$1.33
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 02/17/21- Rent
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- $2,495
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-
2379 Barcelona Dr Dunedin, FL 4
- 3 beds 2 baths ∙ 1,989 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,989 Sqft ∙ Built 1984
LEASED 01/12/21- Rent
- Rent Per SQFT
- $2,700
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-
2035 Castille Dr Dunedin, FL 5
- 3 beds 3 baths ∙ 2,088 Sqft ∙ Built 1976 3 beds 3 baths ∙ 2,088 Sqft ∙ Built 1976
LEASED 01/04/21- Rent
- Rent Per SQFT
- $2,850
- $1.36
PROPERTY LISTING DETAILS
1.813.977.0079
University Realty Of Tampa
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3291431
Last Updated: 02/21/2021
