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PROPERTY INFO
FACTS
- Single Family
- Built In 1962
- Price/Sqft : $156.56
- 11 Days on Market
- MLS # : T3282732
- Updated Date : 01/08/2021 at 12:56
CONSTRUCTION
- Beds : 4
- Floor Size : 2,555 sqft
- Baths : 3 full
Listing Agent
Coldwell Banker Residential
Listing Agent's Description
Old Carrollwood area home on beautiful street, with 4 bedrooms, 3 bathrooms, detached 2 car garage and sparkling pool! Brick paver driveway and stone walkway welcome you. This home offers a downstairs master as well as guest bedroom, and 2 bedrooms upstairs that are spacious with wood floors. Large Kitchen and dinette with built-ins are great for the cook in your family. Formal living room with wood burning fireplace and plantation shutters. Large Family room at the back of the home offers pool views. So much charm to this home. Backyard is a great place to entertain, with brick paver pool deck, pergola and lush landscape, fenced for privacy. The 2 car garage also features a workshop and the driveway parks up to 4 cars. Great location near shopping, dining and highways.
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: Carrollwood
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Carrollwood
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,580 |
| EXPENSES | Loan Payment | -$1,389 |
| Property Tax | -$492 | |
| Property Insurance | -$184 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$386
|
||
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.
$400,000
PROJECTED PRICE
$2,580
PROJECTED RENT
0.65%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.27% |
| Appreciation Year (1-5) | 6.9% |
| 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
$111,750
LOAN DETAILS
$1,389
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $100,000 |
| Loan Amount | $300,000 |
11.42
YEARS SAVED
$68,476
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,580
LIST RENT -
$1.01
LIST RENT PER SQFT
-
$2,819
COMP ESTIMATED VALUE -
$1.1
COMP AVG. RENT PER SQFT
Comps Range
-
2809 Kimberly Ln Tampa, FL 3
- 4 beds 3 baths ∙ 2,555 Sqft ∙ Built 1962 4 beds 3 baths ∙ 2,555 Sqft ∙ Built 1962
![property image]()
- Rent
- Rent Per SQFT
- $2,580
- $1.01
-
4215 Cartnal Ave Tampa, FL 1
- 4 beds 3 baths ∙ 2,228 Sqft ∙ Built 1980 4 beds 3 baths ∙ 2,228 Sqft ∙ Built 1980
![property image]()
LEASED 09/11/19- Rent
- Rent Per SQFT
- $2,195
- $0.99
-
2810 Linthicum Pl Tampa, FL 2
- 4 beds 3 baths ∙ 2,332 Sqft ∙ Built 1965 4 beds 3 baths ∙ 2,332 Sqft ∙ Built 1965
![property image]()
LEASED 11/01/20- Rent
- Rent Per SQFT
- $2,499
- $1.07
-
10406 Reclinata Ln Tampa, FL 4
- 4 beds 3 baths ∙ 2,557 Sqft ∙ Built 1976 4 beds 3 baths ∙ 2,557 Sqft ∙ Built 1976
![property image]()
LEASED 11/06/19- Rent
- Rent Per SQFT
- $3,195
- $1.25
PROPERTY LISTING DETAILS
1.813.908.7293
Coldwell Banker Residential
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3282732
Last Updated: 01/08/2021
