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PROPERTY INFO
FACTS
- Single Family
- Built In 2013
- Price/Sqft : $179.16
- 9 Days on Market
- MLS # : A4490076
- Updated Date : 02/06/2021 at 11:41
CONSTRUCTION
- Beds : 3
- Floor Size : 2,562 sqft
- Baths : 3 full , 1 half
Listing Agent
Keller Williams On The Water
Listing Agent's Description
Your New Home Is Ready For YOU!! AND ITS NOT IN A FLOOD ZONE!! The very well maintained, well kept 3 bedroom 3.5 bathrooms plus a den/office space home is available in this sought after community of McKinley Oaks. This Community has ONLY 36 homes with a quiet country life feel not far from the city and wonderful neighbors. This home sits on a beautiful huge corner lot with huge trees beside it and a private preserve behind and around it. Enjoy your backyard with a pond view and privacy. As you walk in, you’ll see a beautiful foyer and an open floor plan, many upgrades including an air purification system that kills bacteria/mold/viruses, porcelain tile, ceramic tile, and hardwood floors. Spit bedrooms, a laundry room, and the den is perfect for an office or library! Great home for entertaining or just loving spending time at home! Close to all amenities, many shopping areas, entertainment, World Famous Crystal Sand Beaches, Fishing Areas, School, Restaurants and more!!!
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: Mulholland Preserve
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Mulholland Preserve
* 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 | -$1,594 |
| Property Tax | -$468 | |
| Property Insurance | -$193 | |
| HOA | -$105 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$180
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.
$459,000
PROJECTED PRICE
$2,310
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.43% |
| Appreciation Year (1-5) | 8.1% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 3.71% |
| 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 |
3.67
YEARS SAVED
$15,446
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 -
$0.9
LIST RENT PER SQFT
-
$1,930
COMP ESTIMATED VALUE -
$0.75
COMP AVG. RENT PER SQFT
Comps Range
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2716 130th Ave E Parrish, FL 4
- 3 beds 4 baths ∙ 2,562 Sqft ∙ Built 2013 3 beds 4 baths ∙ 2,562 Sqft ∙ Built 2013
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- Rent Per SQFT
- $2,310
- $0.90
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3305 Little Country Rd Parrish, FL 1
- 3 beds 3 baths ∙ 2,498 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,498 Sqft ∙ Built 2003
LEASED 02/12/20- Rent
- Rent Per SQFT
- $1,675
- $0.67
-
2318 123rd Pl E Parrish, FL 2
- 4 beds 3 baths ∙ 2,350 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,350 Sqft ∙ Built 2006
LEASED 10/30/19- Rent
- Rent Per SQFT
- $1,799
- $0.77
-
2335 123rd Pl E Parrish, FL 3
- 3 beds 2 baths ∙ 2,265 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,265 Sqft ∙ Built 2006
LEASED 10/14/20- Rent
- Rent Per SQFT
- $1,850
- $0.82
PROPERTY LISTING DETAILS
1.941.306.8377
Keller Williams On The Water
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: A4490076
Last Updated: 02/06/2021
