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PROPERTY INFO
FACTS
- Single Family
- Built In 1993
- Price/Sqft : $186.34
- 4 Days on Market
- MLS # : U8109121
- Updated Date : 01/09/2021 at 10:03
CONSTRUCTION
- Beds : 4
- Floor Size : 2,431 sqft
- Baths : 3 full
Listing Agent
Century 21 Coastal Alliance
Listing Agent's Description
Spectacular pool home in Waterford Crossing. Tucked away on a private cul-de-sac in the beautiful neighborhood! 4/3/3 pool home with spillover spa is the perfect family home! Roof was replaced in 2015. Stunning curb appeal with lush landscaping! Glass door entry leads you into an immaculately kept home! Open floor plan with large formal living room and dining room! Spacious master suite has a large walk-in closet, private bathroom, and sitting area! Master bathroom with his/her sinks, garden tub, and glass shower! The heart of the home is the pristine kitchen with stainless steel appliances, breakfast bar, and dinette area! Cozy family room with sliders out to the pool! Large screened pool brick paver decking and a spillover spa is great for pool parties and outdoor relaxation! Plenty of yard beyond the pool for pets and play! Almost 1/4 acre pie-shaped lot! Pool bath connects back to the house and doubles as 2nd bedroom suite with the back bedroom! 2 other guest bedrooms share the 3rd full bathroom! Inside laundry room with top of the line washer/dryer and built-in cabinets! Last but not least.... 300+ sf of pure fun and entertainment complete with regulation pool table and full bar! Waterford Crossing is located approximately 2 miles to the Dunedin Causeway beach, Honeymoon Island State Park and the Pinellas Trail! This community also boasts a beautiful park & playground.
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 | $2,700 |
| EXPENSES | Loan Payment | -$1,573 |
| Property Tax | -$500 | |
| Property Insurance | -$178 | |
| HOA | -$74 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$246
|
||
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.
$453,000
PROJECTED PRICE
$2,700
PROJECTED RENT
0.60%
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
$125,795
LOAN DETAILS
$1,573
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $113,250 |
| Loan Amount | $339,750 |
9.25
YEARS SAVED
$57,010
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,700
LIST RENT -
$1.11
LIST RENT PER SQFT
-
$2,674
COMP ESTIMATED VALUE -
$1.1
COMP AVG. RENT PER SQFT
Comps Range
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- $2,850
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LEASED 02/12/20- Rent
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- $3,200
- $1.36
PROPERTY LISTING DETAILS
1.727.688.1283
Century 21 Coastal Alliance
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: U8109121
Last Updated: 01/09/2021
